241 Main St

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241 Main St

Townsend, MA 29582
Asking Price
$1.40M
Cap Rate
6.9%
Asset Type
Apartment Building Mixed-use
Class
Class B

What's Special

Mixed Use | 6.90% CAP | 12,000 SqFt <p>•12,000 SF Mixed-Use Building / 10 Units: Comprised of 6 residential units and 4 commercial spaces, offering diversified income streams. </p><p>•New Residential Construction (2024): Updated units with modern systems, including mini-split heating and cooling. </p><p>•Unit Mix: 4 two-bedroom units, 2 one-bedroom units, and 4 Commercial Spaces </p><p>•Fully Sprinklered Building: Supports safety and code compliance. </p><p>•Elevator Access: Serves all floors, providing accessibility for tenants.

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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234

Location & Travel Times