Don't let the outside of this property fool you, there are five units. This property is well run and profitable. This historical section of Northborough is found on an appealing tree-banked street with sidewalks for dog walkers, joggers, & people walking to coffee shops, restaurants, banks, & doing light shopping. All tenants are Tenants at Will (TAW). All rental units include heat & hot water. Most are long term tenants. Off street parking for 7+ cars. Apartments are clean, in good condition, & well maintained Private septic system compliance cert 12/2021. New Roof installed 12/2022. Newly hardwired fire alarm system installed 2023 City water. Tenants pay for their own trash & recycling. There is a coin operated washer/dryer. Available are improvements, expense, & income reports
Prime location – intersection of Rt. 9 and Rt. 20 – 2.5 acres containing an operational motel and a restaurant is being offered for sale. The motel contains 79 rooms all updated to the latest building codes and serves from Worcester to Shrewsbury. Additional building contains 6500 sq. ft. of usable space with a full basement. This property is ripe for redevelopment.
The median home value in Northborough, MA is $694,000. This is higher than the county median home value of $277,100. The national median home value is $219,700. The average price of homes sold in Northborough, MA is $694,000. Approximately 79.82% of Northborough homes are owned, compared to 17.03% rented, while 3.16% are vacant. Northborough real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Northborough real estate agent to arrange a tour today!
Northborough, Massachusetts has a population of 14,918. Northborough is more family-centric than the surrounding county with 36.95% of the households containing married families with children. The county average for households married with children is 31.91%.
The median household income in Northborough, Massachusetts is $111,875. The median household income for the surrounding county is $69,313 compared to the national median of $57,652. The median age of people living in Northborough is 43.7 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 48.5 inches per year, with 64.1 inches of snow per year.