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55 Pleasant St

13 Unit Block of Flats For Sale Marlborough, MA 01752

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Investment Highlights

A unique value add investment opportunity.
Projected proforma gross rental income of $429,600 after renovations.

Three separate structures with a common parking area of 21 spaces.
City water, city sewer, and natural gas.

Executive Summary

The 13 unit multi-family portfolio in Marlborough MA provides a unique value add investment opportunity. The portfolio consists of three separate structures with a common parking area of 21 spaces. The current ownership recently renovated 2 Pleasant Place, which gives a roadmap for a new owner to follow to achieve increased rental income on the rest of the units. Projected proforma gross rental income of $429,600 after renovations.

55 55A 57 Pleasant St and 1 2 Pleasant Pl Brochure

Property Facts

Sale Type	Investment	Building Size	18,953 SF
No. Units	13	Number of Floors	3
Property Type	Residential	Year Built	1900
Property Subtype	Apartment	Parking Ratio	1.11/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.38 AC

Sale Type	Investment
No. Units	13
Property Type	Residential
Property Subtype	Apartment
Building Class	C
Lot Size	0.38 AC
Building Size	18,953 SF
Number of Floors	3
Year Built	1900
Parking Ratio	1.11/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.