MLS® ID: 72477142
178 Church St
Northbridge, Massachusetts, 01588 $169,900
178 Church St is a 2802 SF building located in the heart of downtown Whitinsville which is the historic district of Northbridge MA. The tenant currently leases the entire first floor which is 1161 SF, tenant pays for all expenses including RE taxes, property insurance, water + sewer, as well as any capital improvements. The lease has 5 years remaining, with the basement also being rented as storage space. The basement consists of approximately 1641 SF. This space can be used for storage or can be converted into a small self-storage facility to create additional cash flow. Based on 70% LTV @ 5.5 % with a 25 year amortization period this property will produce a over 20% cash on cash return on investment.