Share this with your friends
+17742258916
Whitestone Realty Group
311-313 Providence Road, Grafton, MA 01560
- $1,900,000
- 12
- BD
- 11
- BA
- 9,043
- SqFt
- List Price
- $1,900,000
- Status
- NEW
- MLS#
- 73596212
- Bedrooms
- 12
- Bathrooms
- 11
- Full Baths
- 10
- Half Baths
- 1
- Living Area
- 9,043
- Lot Size (Acres)
- 0.25
- Year Built
- 1930
Property Description
Rare 11-Unit Mixed-Use Investment Portfolio located at 311 and 313 Providence Road in the town of Grafton. This two-building portfolio offers diversified residential and commercial income in one of Worcester County’s most consistently in-demand rental markets. Full of historic character, 311 has been carefully renovated without losing the details that make it stand out. It has 7 units consisting of a retail commercial space and 6 apartments. The building has been extensively renovated, with a sprinkler system, updated heating systems, electrical and plumbing, all new fixtures, new hardwood and tile throughout. It is delivered in excellent, rent-ready condition. 313 Providence Road has 4 one-bedroom apartments that is also in rent-ready condition and well maintained. The portfolio offers on-site laundry and off-street parking, which support tenant retention. The property sits on Route 122 with strong visibility. Commuters have convenient access to Worcester, Route 146, the Mass Pike and the Grafton commuter rail. Rental demand across Grafton and the greater Worcester area remains strong, which supports stable occupancy and long-term upside. With the capital improvements largely complete, this turnkey, income-producing asset lets an investor add meaningful scale with limited near-term capital needs. Offerings of this size seldom come to market in Grafton. Financials and private showings available upon request.
Additional Information
- Area
- South Grafton
- Taxes
- $15,135
- Interior Features
- Upgraded Countertops, Remodeled, Living Room, Kitchen
- Parking Description
- Paved Drive, Shared Driveway, Off Street, Assigned, Paved
- Lot Description
- Level
- Water
- Public
- Sewer
- Public Sewer
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing courtesy of Listing Agent: John Chalino from Listing Office: RE/MAX Partners.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.