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Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type 3 Family - 3 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,284 sqft
Price per Sqft $213
MLS Listing ID 73303190
Sold Date 12/09/24
Bedrooms 9
Full Baths 4
Year Built 1923
Annual Tax Amount $8,704
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Description
This multi-family investment property offers a solid rental income potential with a prime location. With a total of 9 bedrooms and 4 bathrooms, this property has a spacious layout offering great flexibility. Investment Highlights: Strong rental demand in Worcester due to its proximity to local universities, healthcare institutions, and a growing downtown area. Recent updates and maintenance in common areas and individual units, ensuring lower immediate expenses for the new owner (see attached). Potential for significant cash flow with rent increases as property values in the area continue to rise. Well-maintained exterior and solid infrastructure.
Location
State MA
County Worcester
Area Green Hill
Zoning RL-7
Direction Take I-90 W; I-290 E to Burncoat St. in Worcester. Take exit 22-23 from I-290. Continue to Gilman St
Rooms
Basement Full, Concrete, Unfinished
Interior
Interior Features Living Room, Kitchen, Laundry Room, Dining Room
Flooring Tile, Hardwood
Appliance Dishwasher, Range, Refrigerator, Range Hood
Laundry Washer & Dryer Hookup
Exterior
Garage Spaces 2.0
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, University
Utilities Available for Gas Range, for Gas Oven, Varies per Unit
Roof Type Shingle
Total Parking Spaces 2
Garage Yes
Building
Lot Description Level
Story 6
Foundation Block, Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with MG Group • Century 21 North East