BEDS8
BATHS6 full
SQUARE FEET5,216
MLS#73501042
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
This centrally located value-add 6-unit property at 38 Benefit in Worcester, Massachusetts, consists of four 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, totaling 5,216 sq. ft. of living space on a 0.11-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 benefits from brand new high efficiency Navien hot water heaters. Three of the six units have been recently renovated featuring new kitchens, updated bathrooms, and new flooring. There is an opportunity to dramatically increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units as all units are currently TAW. Listed at a 7.95% cap rate, this property represents a strong investment opportunity in the growing Worcester market.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.11 Acres
Stories: 5.0
Taxes: $6,690
Year Built: 1900
Feature Descriptions
Building Area Total: 5216
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: 3
Dwelling Type: 5-9 Family
Lot Features: Corner Lot
Parcel Number: M:06 B:031 L:00010,1767893
Parking Features: Off Street
Parking Total: 4
Rooms Total: 20
Sewer: Public Sewer
Units: 6
Water: Public
Listed By / Shown By
Listed By
Agency Name: Horvath & Tremblay
Agency Phone: 781-776-4000
Agent Name: Ethan Lazar
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 2,634.22 per month $1,836.09 Principal & Interest $557.50 Property Tax $240.63 Homeowner's Insurance
38 Benefit St | MLS# 73501042
This multi-family property located at 38 Benefit St, Worcester, MA 01610 is currently listed for sale with an asking price of $825,000. Search Worcester real estate on www.masiellogrouprealestate.com today.