Property Description

19 Elizabeth St is a centrally located property in Worcester’s Bell Hill neighborhood. The property is a three-story building with five (5) residential units, comprised of two (2) 1-Bedroom/1-Bathroom units, one (1) 2-Bedroom/1-Bathroom unit, and two (2) 3-Bedroom/1-Bathroom units. It contains 4,965 square feet of living area within 8,222 square feet of gross area, situated on a 0.11-acre parcel. The units are separately metered for heat (gas and electric), hot water (gas), and electricity, which tenants pay directly. The landlord is responsible for Unit 3’s electric bill, which includes electric heat. Three of the five units have been recently renovated. There is a value-add opportunity to significantly increase the current rent roll to market rents and potentially convert the 3-bedroom units into 4-bedroom units.