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Key Details
Sold Price $870,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,780 sqft
Price per Sqft $230
MLS Listing ID 73296404
Sold Date 12/23/24
Bedrooms 8
Full Baths 5
Year Built 1930
Annual Tax Amount $7,503
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type 5-9 Family
Property Description
This well-located 5-unit property consists of one 4-bedroom/1-bathroom unit and four 1-bedroom/1-bathroom units, totaling 3,780 sq. ft. of living space. Each unit is separately metered for heat, hot water, and electricity. Additionally, there is ample off-street parking for tenants. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $8,020 monthly. Listed at an 8.2% cap rate, this property represents a valuable investment in the growing Worcester market.
Location
State MA
County Worcester
Zoning RL-7
Direction Use GPS
Interior
Heating Forced Air
Exterior
Community Features Public School
Roof Type Shingle
Total Parking Spaces 5
Garage No
Building
Lot Description Sloped
Story 11
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Ethan Lazar • Horvath & Tremblay