NOT LISTED FOR SALE
18 Beds
6 Baths
6,000 Sq Ft
0.25 Acres

Last Sold June 14, 2021

Last sale price $875,000 $146 Per Sq Ft

5 Days on Market

About This Home

As of June 2021

This rare 6-unit multi-family located in one of the best areas of Worcester offers off street parking, fenced in back yard, 3 bedroom units, lead certificates, modern electric service, rubber roof, all separate utilities, gas boilers with radiators in each room, and the building has been fully insulated by MassSave. This well maintained building is walking distance to the UMASS Hospital, WPI, and one block from Grant Square Park. The property has 6 units. 3 units are currently rented to subsidized tenants and generate consistent rental income today with the potential for substantial rent increases. Recent HUD increases in Worcester have paved the way for this property to increase revenue simply by bringing the current subsidized tenants’ rent up to the new payment standard. That allows a buyer to enjoy a significant increase in cash flow shortly after purchase. This one won't last! Current rents are below market. Property could gross over $10k/mo.

Last Agent to Sell the Property

Jason Saphire

www.HomeZu.com Listed on: 04/30/2021

Last Buyer's Agent

Thiago De Matos

eXp Realty License #453014389

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.25

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Water Holding Tank
  • Natural Gas Water Heater

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 143.28
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Flooring: Vinyl, Wall to Wall Carpet, Hardwood
  • Total Flrs: 8
  • No Bedrooms: 18
  • Total Brs: 18
  • Full Bathrooms: 6
  • Total Fbh: 6
  • No Rooms: 30
  • Basement: Y
  • Basement Features: Full, Concrete Floor, Unfinished Basement
  • Main Lo: AN5760
  • Main So: AC0342
  • Estimated Sq Ft: 6000.00

Exterior Features

  • Construction: Frame
  • Roof Material: Rubber
  • Exterior: Asbestos
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, On Street Permit
  • Parking Spaces: 6

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 110 Volts, 220 Volts, Circuit Breakers, 100 Amps
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Conservation Area, Highway Access, Public School, University

Lot Info

  • Assessments: 400000.00
  • Acre: 0.25
  • Lot Size: 11000.00
  • Page: 0164
  • Zoning: RG-5
  • Lot Description: Paved Drive, Fenced/Enclosed

Green Features

  • Energy Features: Insulated Windows, Insulated Doors

Multi Family

  • Heat Units: 6
  • Total Levels: 4
  • Total Rent: 7100
  • Total Rms: 36
  • No Units: 6
  • Mf Type: 5-9 Family

Tax Info

  • Taxes: 5918.00
  • Assessor Parcel Number: 1762166
  • Tax Year: 2020

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $875,000 +1.8% $146 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $859,700 -- $143 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72823548

MLS Property Information Network (MLS PIN)