BEDS9
BATHS7 full
SQUARE FEET3,652
MLS#73516009
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
This well located 7-unit property at 3 Chelsea St in Worcester, Massachusetts, consists of four studio apartments and two 2-bedroom/1-bathroom units on a 0.21-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property also features two sources of parking income. The five front garage bays are rented to one operator for $700/month and there is a large contractor garage behind the property rented for $750/month. The property also features a new roof. There is an opportunity to dramatically increase rents through systematic improvements to unit interiors. Additionally, the property is situated just .3 miles from the College of Holy Cross. Listed at a 8.21% cap rate at $135,714 per unit, this property represents a strong investment opportunity in the growing Worcester market.
Property Features
Property Type: Multi Unit - Multiple
Garage: 5
Lot Size: 0.21 Acres
Stories: 5.0
Taxes: $9,771
Year Built: 1887
Feature Descriptions
Building Area Total: 3652
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: 30
Dwelling Type: 5-9 Family
GarageY/N: Yes
Open Parking Y/N: Yes
Parcel Number: M:07 B:036 L:24+31,1769405
Parking Features: Paved Drive, Off Street
Parking Total: 10
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
$ 3,205.62 per month $2,114.29 Principal & Interest $814.25 Property Tax $277.08 Homeowner's Insurance
3 Chelsea St | MLS# 73516009
This multi-family property located at 3 Chelsea St, Worcester, MA 01610 is currently listed for sale with an asking price of $950,000. Search Worcester real estate on www.masiellogrouprealestate.com today.