High Occupancy Mixed-Use Income Property

Multi-Family for Sale
Catylist Listing ID: 30818324
Property Subtypes: Mixed Use
Number of Units: 6 Units
Building Size (RSF): 4,415 SF
Gross Building Area: See Agent
Gross Land Area: 0.17 Acres
Sale Price: $1,125,000
Unit Price: $187,500 Per Unit
Property Use Type: Net Leased Investment (NNN)
Building Name: 380 Main Street, Wilmington MA
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/21/2022

Overview / Comments

380 Main Street Wilmington, MA is a well-maintained mixed-use building with a long history of high occupancy rentals and dependable rent growth. The property consists of 1 retail space and 5 residential units. With easy access to I-93 and the Wilmington MBTA station across the street, 380 Main Street is 100% occupied with long- term tenants below market rents. The current owner has made many updates to the property including new windows and updated electric service.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Middlesex
Tax ID/APN: 42/ / 12/ /
Zoning: CENTRAL BUSINESS
Percent Occupied: 100%
Total Number of Buildings: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,808 58,693 187,693
Median Age: 40.94 40.96 41.73
Households: 1,608 20,514 70,342
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