This property offers not one, but two commercial buildings with a total of 23 units! Featuring 18 one-bedroom units and 5 two-bedroom units, this centrally located property in Montague is poised to be a lucrative investment. Located at 514 Main Street, this property has a walking score of 70 with most errands being very walkable. The lower level boasts approximately 4,256 square feet of unfinished space, presenting ample potential for further development and increased cash flow. Each building occupies approximately 9.4% of the parcel, suggesting additional room for expansion. The property benefits from convenient access and exit points on both Main Street and Queens Road. With numerous grants available for multi-unit buildings, this investment offers existing cash flow and the potential for additional units, making it an exceptional opportunity. (id:47423)
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Detailed Information
Amenities Nearby
Park, Playground, Shopping, Marina
Equipment
None
Listing Contract Date
2024-07-12
Municipal ID
432674
Ownership Type
Freehold
Property Type
Multi-family
Rental Equipment
None
Transaction Type
For sale
Zoning
Multi-Family
Building
Appliances
Stove, Dishwasher, Dryer, Washer, Refrigerator
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Constructed Date
1942
Exterior Finish
Wood shingles, Vinyl
Flooring Type
Carpeted, Tile, Vinyl, Other
Foundation Type
Poured Concrete
Heating Fuel
Oil
Heating Type
Furnace, Radiator
Type
Apartment
Utility Water
Municipal water
Land
Total Size
1.58 acres
Acreage
Yes
Amenities
Park, Playground, Shopping, Marina
Sewer
Municipal sewage system
Size of Irregular Land
1.58
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