Worcester, MA 01610,2 Preston St
Worcester, MA 01610,2 Preston St
Worcester, MA 01610,2 Preston St
Worcester, MA 01610,2 Preston St
Worcester, MA 01610,2 Preston St
Worcester, MA 01610,2 Preston St
See all 24 photos

$1,775,000

$1,990,000

10.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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Listed by OWN IT, A 100% Commission Brokerage
Bought with Brooke Packard • Byrnes Real Estate Group LLC
agent
Mike Byrnes

CEO & Owner

+1(508) 826-5233 | mike@mbcorporation.net

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