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52 Plain St
Pembroke, MA 02359
Asking Price
$1.00M
Asset Type
Residential Land
Class
Class B
What's Special
Land | 1.41 acres <ul><li>Comprehensive permit approved and secured to build 20 net new rental units under chapter 40b</li><li>Rental units approved as 12 x 1 bedroom units, 6 x 2 bedroom units, 2 x 3 bedroom units</li><li>Listing price Includes existing 4 bed single family home that resides on the land, which is rented out to stable long tenured tenant - generating $3,400 monthly rent</li><li>Buyer will work with already paid 40b consultant to finalize state approval</li><li>Building permit is waiting for n
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
