$699,900

4 Bedrooms Multi Family Home

  • 4 Beds
  • 2 Baths
  • 2,251 Sqft
  • 7,841 Sqft lot
  • Updated: Today
  • MLS#73573701

About the Property

Welcome to 39 School Street, an exceptional multi-family opportunity perfectly positioned in the heart of Rockland! Whether you are searching for the ideal owner-occupied home where rental income helps pay your mortgage, or a rock-solid, turnkey addition to your investment portfolio, this property delivers on all fronts. The building features two spacious 2-bedroom, 1-bathroom units with a truly i
Welcome to 39 School Street, an exceptional multi-family opportunity perfectly positioned in the heart of Rockland! Whether you are searching for the ideal owner-occupied home where rental income helps pay your mortgage, or a rock-solid, turnkey addition to your investment portfolio, this property delivers on all fronts. The building features two spacious 2-bedroom, 1-bathroom units with a truly incredible track record: **100% occupancy for the last 12 years**. Both units are currently generating reliable income but are rented well below current market rates for the downtown area. With no long-term leases currently in place, the new owner has ultimate flexibility and immediate upside potential to adjust rents to market value or easily transition into one of the units.**Incredible Expansion Potential:** Looking to maximize your investment? Unit 2 offers a massive value-add opportunity with a walk-up third-floor attic just waiting to be finished. By completing this space, you can effortlessly expand Unit 2 into a sprawling two-level, 3-to-4-bedroom layout. This creates the ultimate owner-occupied sanctuary, giving you a massive multi-floor living space while the lower unit pays the bills. Location is everything, and this home offers an unbeatable lifestyle just a stone’s throw from Rockland’s vibrant Main Street. You and your tenants will absolutely love the awesome downtown vibe, offering the convenience of leaving the car at home to take a very short stroll to local coffee shops, fantastic restaurants, and great shopping. Don’t miss out on this fantastic opportunity to invest in a proven income-generator with massive untapped equity potential in one of Rockland’s most walkable and desirable neighborhoods! Location is everything, and this home offers an unbeatable lifestyle just a stone’s throw from Rockland’s vibrant Main Street.
  • Property type

    House

  • Year built

    1880

  • Price/sqft

    $310

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39 School St, Rockland, MA 02370, Abington, Massachusetts, United States View on Google Maps
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Jeffrey Parkhurst

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Jeffrey Parkhurst
Massachusetts, United States
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2022
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CENTURY 21 North East
CENTURY 21 North East
290 Lexington Street, 02451, Waltham, Massachusetts, United States
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Last updated
Today
First listed
Sep 9
Listing reference
B45F9345-1841-4D8C-B501-DE784E3E9B90
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