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$ 1,374,900
Est. payment | /mo
6,969 Sqft Lot
$ 1,374,900
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73356695
HOA Y/N false
Year Built 1940
Annual Tax Amount $8,664
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
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
Exterior
Utilities Available Public Water, Public Sewer
Others
Senior Community false
Listed by Four Points Real Estate, LLC
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Josephine Cruz
Realtor | License ID: 9575610