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.
Listed By
Agency Name: RE/MAX Partners
Agency Phone: 508-635-1600
Agent Name: James Kalogeropoulos
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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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.