BEDS8
BATHS5 full 2 partial
SQUARE FEET7,256
MLS#73484138
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
249 Lincoln Street is a fully renovated mixed-use investment property located in Worcester, MA. The three-story building consists of seven (7) total units, including four 2-Bedroom/1-Bathroom apartments, one Studio apartment, and two Commercial units. The property contains approximately 7,135 square feet of gross living area within 11,635 square feet of gross building area and is situated on a 0.15-acre parcel with over four off-street parking spaces.The residential units have been recently renovated, helping drive strong rental income while minimizing future capital expenditures. Each unit is separately metered for heat, hot water, and electricity, which tenants pay directly, improving overall net operating income. The commercial units provide stable income with more than three years remaining on both leases each with annual increases.The property strategically sits less than one block from UMass Memorial Medical Center ?? Hahnemann Campus and is offered at an 8.68% cap rate.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.15 Acres
Stories: 5.0
Taxes: $18,245
Year Built: 1920
Feature Descriptions
Building Area Total: 7256
Community Features: Medical Facility
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
Days on Site: 92
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: 100 Amp Service
Open Parking Y/N: Yes
Parcel Number: M:09 B:013 L:00010,1770992
Parking Features: Paved Drive, Off Street
Parking Total: 4
Rooms Total: 21
Sewer: Public Sewer
Units: 7
Water: Public
Listed By / Shown By
Listed By
Agency Name: Horvath & Tremblay
Agent Name: Ethan Lazar
Agency Phone: 781-776-4000
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 4,792.82 per month $2,893.24 Principal & Interest $1,520.42 Property Tax $379.17 Homeowner's Insurance
249 Lincoln St | MLS# 73484138
This multi-family property located at 249 Lincoln St, Worcester, MA 01605 is currently listed for sale with an asking price of $1,300,000. Search Worcester real estate on www.masiellogrouprealestate.com today.