Two separate buildings make up 289-293 School Street. 289 School School consists of a two units (2 BR/1BA and 1BR/1BA) and 293 School Street consists of six units (2BR,1 BA). All units are separately metered with the tenants responsible for their own utilities (electricity and gas heat), while the Landlord is responsible for common area electric and water and sewer. In-place rents are strong and the opportunity exists to acquire a great multifamily asset with strong rental histories in a prime South Shore location. The Property benefits from it's location walking distance to Stoughton center and the Commuter Rail train station, it is close to Route 24 and 138 and a short ride to many surrounding retail complexes in Randolph, Avon and Brockton. Owner also selling another six unit multifamily in Stoughton that could be purchased together; inquire for more details.
100 Water Street in Stoughton is a well-maintained 29-unit brick apartment building is situated on a 1.5 ± acre lot in a quiet residential neighborhood. The property boasts solid concrete block and steel construction, with outdoor balconies, tenant-paid heat, and abundant off-street parking. The below-market rents provide immediate upside potential. PLEASE SEE FIRM REMARKS FOR ADDITIONAL INFORMATION. FOR THE RIGHT BUYER, SELLER WILL CONSIDER HOLDING A 1ST MORTGAGE AT THE TERMS BELOW:30% DOWN PAYMENT, I/O 5% YEARS 1-2, I/O 6% YEARS 3-5.5% PREPAYMENT PENALTY THROUGHOUT THE TERM.
Investor & Owner-Occupant Opportunity in Stoughton! This property is a fantastic fit for either an owner-occupant looking to offset their mortgage with rental income or an investor—new or seasoned—ready to enjoy strong cash flow. The seller is wrapping up finishing touches so the home will qualify for all types of financing.The walk-out basement already has two egresses, creating the potential to add up to two additional units in the future—making this a smart play for long-term value and increased income.Properties in the Stoughton market are hard to come by—don’t miss your chance to secure this income-producing opportunity in one of the area’s most competitive markets!
Stoughton is located in Massachusetts. Stoughton, Massachusetts has a population of 29,028. Stoughton is less family-centric than the surrounding county with 36.21% of the households containing married families with children. The county average for households married with children is 36.79%.
The median household income in Stoughton, Massachusetts is $94,823. The median household income for the surrounding county is $112,089 compared to the national median of $69,021. The median age of people living in Stoughton is 45.7 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 18.3 degrees. The average rainfall is approximately 48.4 inches per year, with 47.1 inches of snow per year.
