53 Mechanic St, Marlborough, MA 01752

This is a wonderful opportunity for any investor. Classic Brick 3 family in heart of Downtown Marlborough with 6 car parking (2 spaces per unit). Three (1) bedroom units fully rented to tenants at will. Great income for the price or also an exciting project for a condo conversion. Unit 1 is rented for $700, Unit 2 is rented for $750 and Unit 3 is rented for $550. Tenants pay heat and electric. There is a coin op washer dryer in basement that nets about $70/month. Net income of just around $2,000/month after expenses. Unit 1 and 2 have older gas heating systems. Unit 3 has electric baseboard heating. Major basement support beam renovation just completed in August 2016 Some updates to baths and kitchens would make this a great long term investment! Downtown Marlborough is HOT, and the future potential is huge.