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143-147 Vernon Street, Worcester, MA 01604

$2,275,000
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New to the Market Active
SQUARE FEET10,806 MLS#73506607
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Exceptional investment opportunity to acquire a well-maintained mixed-use 8-unit portfolio, proudly held by the same family for two generations. The portfolio includes two three-unit buildings and one two-family, delivering a flexible and desirable unit mix. The property features abundant off-street parking, two parking areas and a three-car garage. Extensive care is evident throughout, with numerous updates to cosmetics, plumbing, electrical systems. Many units have updated kitchens, bathrooms, forced hot air heating systems and are outfitted with in unit washer and dryer to enhance tenant appeal. Rents are currently below market, presenting a compelling value-add opportunity with the ability to increase annual income conservatively by $40,000. Ideally located near major highways, hospitals, and Union Station, this asset offers strong fundamentals, excellent accessibility, and long-term upside.

143-147 Vernon Street | MLS# 73506607

This commercial property located at 143-147 Vernon Street, Worcester, MA 01604 is currently listed for sale with an asking price of $2,275,000. Search Worcester real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.55 Acres
Roof Type: Shingle
Taxes: $29,785
Year Built: 1900

Feature Descriptions

Building Area Total: 10806
Business Type: Commercial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Frontage: 60.00
Rental Term: Monthly
Utilities: Public Water, Public Sewer, Natural Gas Available,110 Volts,220 Volts, See Remarks

Listed By / Shown By

Listed By

Agency Name: RE/MAX Partners
Agency Phone: 508-635-1600
Agent Name: James Kalogeropoulos

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