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$ 1,000,000
Est. payment | /mo
6 Beds
6 Baths
5,328 SqFt
$ 1,000,000
Est. payment | /mo
6 Beds
6 Baths
5,328 SqFt
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,328 sqft
Price per Sqft $187
MLS Listing ID 73308996
Bedrooms 6
Full Baths 6
Year Built 1900
Annual Tax Amount $8,228
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Description
This well-located 6-unit property at 19 Ward Street in Worcester, Massachusetts, consists of six 2-bedroom/1-bathroom units, totaling 5,328 sq. ft. of living space on a 0.08-acre parcel. Each unit is separately metered for heat, hot water, and electricity, with all utilities paid directly by the tenants. The property also benefits from a roof that is less than five years old and has lead certificates for all units.Three of the six units have been extensively renovated, featuring new kitchens with granite countertops and stainless steel appliances, updated bathrooms, and new flooring. There is an opportunity to increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units to a property already boasting a monthly rent roll of $9,350. Listed at an 8.13% cap rate, this property represents a strong investment opportunity in the growing Worcester market.
Location
State MA
County Worcester
Zoning RG-5
Direction Use GPS
Exterior
Garage No
Building
Lot Description Level
Story 9
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Horvath & Tremblay
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Nichole Willey
PSA, SRS, SRES, Realtor®️ | Rain Maker | Broker Associate | Partner | Principal | Lic# 9554165