BEDS10
BATHS4 full
SQUARE FEET4,087
MLS#73567595
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Investment opportunity in Worcester! This mixed-use property currently features 3 residential units plus a former bar/commercial space. Two of the three apartments have been renovated, with current rents including a 3-bedroom at $2,600/month and a 2-bedroom at $1,800/month. The former bar is not currently operating and has undergone recent improvements. Plans are available proposing the conversion of the former bar into two additional 2-bedroom residential units. All projected numbers and future income potential are based on this proposed conversion. Conversion is subject to all required approvals, zoning, and permitting. Buyer/buyers agent to perform their own due diligence and verify feasibility, plans, rents, expenses, and development potential. Conveniently located near Polar Park, Union Station, Holy Cross, Clark University, I-290, Route 146, and the Mass Pike. Great value-add opportunity with existing rental income and potential for additional residential units.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.12 Acres
Stories: 3.0
Taxes: $5,825
Year Built: 1900
Feature Descriptions
Building Area Total: 4087
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: 19
Dwelling Type: 4 Family
Lot Features: Level
Parcel Number: M:07 B:023 L:00001,1769149
Parking Total: 4
Rooms Total: 15
Sewer: Public Sewer
Special View Info: City View(s)
Units: 4
Water: Public
Listed By / Shown By
Listed By
Agency Name: Lamacchia Realty, Inc.
Agent Name: Mulryan and Maher Group
Agency Phone: 508-832-5324
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 2,380.89 per month $1,675.85 Principal & Interest $485.42 Property Tax $219.63 Homeowner's Insurance
73 Southgate St | MLS# 73567595
This multi-family property located at 73 Southgate St, Worcester, MA 01603 is currently listed for sale with an asking price of $753,000. Search Worcester real estate on www.masiellogrouprealestate.com today.