About this home
Fresh updates from the inside out give this Southbridge two-family a strong head start for its next owner! Beyond its refreshed appeal, the property offers excellent flexibility for investors looking to expand their portfolio or owner-occupants hoping to offset expenses with rental income. Both units are fully vacant and offer spacious, functional layouts, each featuring 2 bedrooms, 1 full bath, a living room, a kitchen, and a private deck for added outdoor space. The first-floor apartment features a newly updated kitchen showcasing new cabinetry and hardware, along with new wood-style vinyl flooring throughout. Upstairs, the second unit offers its own appeal with sparkling hardwood floors, new kitchen flooring, and a renovated bathroom featuring a brand-new tub and shower, and vanity. New plumbing fixtures carry throughout both apartments, including updated kitchen sinks and faucets. At the lower level, you'll find a partially finished basement that lends itself to recreation, shared gatherings, or additional storage, along with a dedicated laundry area. Outside, the improvements make just as strong an impression, from all-new windows, siding, and exterior doors to refreshed front and back decks. Fresh interior paint adds a crisp feel throughout, while a high-efficiency wall-hung propane boiler, installed in 2018, brings an important mechanical upgrade. Tucked away as the last home on a dead-end road, the setting offers a welcome sense of seclusion in a quiet neighborhood, complemented by a fenced-in backyard that creates a private outdoor retreat. Location adds another layer of rental appeal, placing residents near Southbridge's local shopping, grocery stores, restaurants, and everyday conveniences, with convenient access to Routes 131, 169, and 20 for commuting to Sturbridge, Charlton, and surrounding communities. With both units vacant and so many updates already completed, this is an opportunity to put your investment plans into motion. See the potential for yourself and make this versatile property your next move!
Listing last checked: Listing updated:
Listed by Jim Black Group · Real Broker MA, LLC · MLS #73599414
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Details at a glance
Interior5 property facts
- Rooms
- 9
- Heating
- Baseboard, Propane
- Cooling
- None
- Flooring
- Vinyl, Carpet, Hardwood
- Basement
- Yes · Full, Partially Finished, Walk-Out Access, Interior Entry, Concrete
Building6 property facts
- Style
- Multi Family
- Year built
- 1977
- Garage
- 1
- Parking
- 6
- Foundation
- Concrete Perimeter
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.38 acres
- Water
- Private
- Sewer
- Private Sewer
- Pool
- Not reported
- Zoning
- R1
Financial2 property facts
- Annual taxes
- $5,157
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $474,900 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,831 / monthAdjust
- Principal & interest
- $2,401
- Property tax
- $430
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,157. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $451,000
Estimated range $391,000–$505,000.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
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About 54 Grace Ln
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