NOT LISTED FOR SALE
22 Beds
17 Baths
10,000 Sq Ft
0.42 Acres

Last Sold September 28, 2021

Last sale price $2,060,000 $206 Per Sq Ft

12 Days on Market

Highlights

  • Medical Services
  • 0.42 Acre Lot
  • Corner Lot
  • City View
  • Property is near public transit
  • 3-minute walk to Burncoat Street Playground

About This Home

As of September 2021

17 Unit Commercial / Residential Apartment Mixed Use Complex , right in the center of the Commonwealth of Massachusetts property consisting of 0.42 Acres. Highly visible lot on Rt.12, a corner lot. Great value added, many upgrades through out the years, new roof, freshly painted hallways and 2 furnaces (8) years old and a new repaired retaining wall. Assemble area for coin op. laundry that can be added for washer and dryers. lighted parking lot. Occupied with long term tenants with rents below market rate, below market rate presents a strong opportunity to raise rents. Worcester boasts a cultured feel, with 9 Colleges and University's. Quick access to 290,495 and 190. QCC 4min away and WPI 8min away. In addition to local amenities such as Worcester Art museum, Hanover theater for performing arts. Along with beautiful outdoor amenities such as Elm Park, Green Hill park, and Lake Quinsigmond State Park, and now min away. from the home of the Worcester Woo Sox.

Last Listed By

Conrad Swartz

Park Place Realty Enterprises Listed on: 08/06/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,111

Year Built

  • Built in 1913

Lot Details

  • 0.42 Acre Lot
  • Corner Lot
  • Level Lot
  • Cleared Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 10,000 Sq Ft Home
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • City Views
  • Interior Basement Entry
  • Storm Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 17 Full Bathrooms

Parking

  • 17 Car Parking Spaces
  • Paved Parking
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Burncoat St. Elementary School
  • Burncoat Middle School
  • Burncoat High School

Utilities

  • Cooling Available
  • 17 Heating Zones
  • Heating Available
  • Natural Gas Connected
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $16,600
  • Rent includes unit 1(heat hot water)
  • Assessor Parcel Number M:23 B:011 L:00001,1783939

Community Details

Overview

  • 17 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $76,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,111

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1913
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Sub Agent Compensation: 2%
  • Sub Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: Yes
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 10

Interior Features

  • Flooring: Tile,Carpet, Unit 1(undefined)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower,Open Floor Plan), Unit 1 Rooms(Living Room,Dining Room,Kitchen)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator,Freezer), Electric Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 22
  • Full Bathrooms: 17
  • Total Bathrooms: 17
  • Total Bathrooms: 17
  • Basement: Interior Entry
  • Living Area: 10000
  • Stories Total: 10
  • Window Features: Insulated Windows, Storm Window(s), Screens
  • MAIN LO: AN5346
  • LIST PRICE PER Sq Ft: 230
  • PRICE PER Sq Ft: 206
  • MAIN SO: K95614

Exterior Features

  • Exterior Features: Rain Gutters
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • View: City
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Guest, Paved
  • Total Parking Spaces: 17

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(Window AC)
  • Heating: Unit 1(Gas)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 17

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
  • Rent Includes: Unit 1(Heat,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:23 B:011 L:00001,1783939
  • Zoning: BL-1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Cleared, Level
  • Lot Size Acres: 0.42
  • Lot Size Area: 0.42
  • Lot Size Sq Ft: 18295.2
  • Lot Size Units: Acres
  • LOT SIZE: 18484
  • PAGE: 175

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 26111
  • Tax Book Number: 8345

Multi Family

  • Gross Income: 200000
  • Net Operating Income: 76140
  • Number Of Units Total: 17
  • Total Actual Rent: 16600
  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 3
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Burncoat High
  • Elementary School: Burncoat St.
  • Middle Or Junior School: Burncoat Middle

Range of Values:

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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
09/28/2021 09/28/21 Sold $2,060,000 -10.4% $206 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $2,300,000 -- $230 / 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: 72877664

MLS Property Information Network (MLS PIN)