22 Wildwood Rd, Millbury, MA 01527

Description

Meet your next value add project. Located at the end of a dead-end street, this legal two-family offers two 3-bedroom, 1-bath units, separate electric meters, laundry in each unit, town sewer, and off-street parking for at least four vehicles on a .2-acre lot. The property will be delivered vacant, giving the next owner a clean starting point for renovation. The opportunity here is in the numbers and the finished product. With three-bedroom apartments in the area renting over $2,000 per month, the property offers potential for an investor looking to renovate, stabilize, and hold. Another path is to take on the renovation with a resale strategy in mind. The location adds to the equation, with convenient access to Route 122, Route 20, and the Mass Pike. The property is in need of substantial renovation, inside and out, and should be approached accordingly. The existing heating systems include electric heat on the second floor and oil baseboard on the first floor. Buyers should perform their own due diligence regarding condition, renovation costs, rental projections, and future value. Cash or hard-money financing preferred. If you're looking for a move-in-ready property, this isn't it. If you're looking for a two-family project where the work creates the opportunity, this one is worth a look. First buyer got within a few days of closing and walked away before the courts issued the license to sell document, their loss, your gain.