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$1,299,000
Est. payment /mo
8 Beds
10.5 Baths
12,667 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 12,667 sqft
Price per Sqft $102
MLS Listing ID 73349442
Bedrooms 8
Full Baths 8
Half Baths 5
Year Built 1940
Annual Tax Amount $8,664
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
This well-maintained 13-unit building offers a strategic mix of five commercial units and eight residential units, including a total of six-one bedrooms, one studio unit, and one two-bedroom unit. The property has been thoughtfully upgraded, including a conversion from oil to natural gas with a central heating system, reducing maintenance costs and ensuring more efficient operation with just one heating unit to manage. Several residential units have been modernized, enhancing their appeal to tenants. The building also benefits from a fully sprinklered system, ensuring safety and peace of mind for all occupants.With impressive financials, the property generates substantial gross rental income and operates with a net operating income of over $100,000. The ease of maintenance, coupled with its attractive income potential, makes this a solid investment opportunity.
Location
State MA
County Worcester
Zoning Comm 1
Direction GPS
Rooms
Basement Full
Exterior
View Y/N Yes
View City View(s)
Roof Type Rubber
Garage No
Building
Story 4
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
Schools
Elementary Schools Gardner
Middle Schools Gardner
High Schools Gardner
Others
Senior Community false
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Listed by Four Points Real Estate, LLC
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