Unit Information
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/buyer’s 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.
- Additional Details
- Status: NEW
- Type: Multi-Family, Quadruplex
- Zip Code: 01603
- Levels: 3
- Parking
- Garage Capacity: 4
- Parking Spaces: 4
- Rooms and Dimensions
- Total Units: 4
- Total Floors: 3
- Total Rooms: 15
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$753,000
- Status: New
- Listing ID: 73567595
- Bedrooms: 10
- Full Baths: 4
- Living Area: 4,087 sqft Convert
- Lot Size: 5,105 sqft Convert
- Acres: 0.12
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |