$1,775,000
$1,990,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
29 Beds
10 Baths
10,170 SqFt
SOLD DATE : 06/09/2023
Key Details
Sold Price $1,775,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 10,170 sqft
Price per Sqft $174
MLS Listing ID 73097325
Sold Date 06/09/23
Bedrooms 29
Full Baths 10
Year Built 1910
Annual Tax Amount $20,108
Tax Year 2023
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Incredible investment opportunity! 8% cap and over $217,800 in operating income. This well maintained fully occupied 10 unit brick building offers (9) 3-bedroom units and (1) 2-bedroom unit has been updated and well maintained over the years. 9/10 units are lead certified and features hardwood floors, updated kitchens, updated electrical with 100amp panel in each unit, hot water baseboard heating and laundry in unit. The building has undergone replacement of major components, including replacement of rear decks, all new electrical, baseboard heating serviced by (2) Buderus boilers and 2 Superstor Hot Water storage tanks. Building has had air sealing and insulation added to attic space. 7 security cameras with remote operation. All long-term tenants paying great rents.
Location
State MA
County Worcester
Zoning RG-5
Direction Preston Street in Worcester
Rooms
Basement Full, Interior Entry, Dirt Floor
Interior
Interior Features Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Heating Unit 1(Gas)
Cooling Unit 1(None)
Flooring Laminate, Hardwood
Appliance Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Gas Water Heater, Utility Connections for Gas Range
Laundry Unit 1 Laundry Room, Unit 2 Laundry Room
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Utilities Available for Gas Range
Roof Type Rubber
Garage No
Building
Lot Description Corner Lot
Story 5
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Brooke Packard • Byrnes Real Estate Group LLC