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982 Main Street, Worcester, MA 01603

Multi-Family

$550,000
Price

6
Units
8,376
Approx. GLA
Welcome to this tremendous 6 unit building located in one of Worcester's most predominant university neighborhoods, one block from Clark Campus. This incredible and solid property delivers spacious units with classic character and charm in abundance from the woodwork and built-ins to the hardwoods and ceiling height. The property is amazing and ready for it's new owner to bring all that stunning character back to life. Some units have been updated while others could use the same to maximize on rental income. Four of the six units also have 3 bedroom potential in addition to enclosed front porches. All six units offer pantries, back porches and separate gas / electric meters. This surprisingly spacious back yard will make for a perfect common use entertaining space. Current rents are below market value. Here's your opportunity to be a part of Worcester's Renaissance, while embracing this amazing cash cow opportunity!!
Open House
No scheduled Open Houses
Highlights
Basement Features: Full, Unfinished Basement
List Price: $550,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Active
Beds: 12
Baths: 6
Units: 6
Year Built: 1920
Approx. GLA: 8,376
MLS#: 72575794
 
Interior
Basement: Yes
Electricity Cost: $612
Electric Features: Individually Metered
Flooring: Vinyl, Laminate, Hardwood
Rooms: 30
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.19
Lot Size: 8,371.00
Lot Description: City View(s)
Foundation: Poured Concrete
Parking Features: On Street Permit
Road Type: Public, Publicly Maint.
Construction: Brick, Stone/Concrete
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range
Exterior: Vinyl
Exterior Features: Garden Area, Porch, Porch - Enclosed, Fenced Yard
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $397,100
Taxes: $7,148
Tax Year: 2019
Book/Page: 38125/146
School
Grade School: Goddard Tech
Middle School: University Park
High School: South High
Beach
Beach: No
Expenses
Expenses Source: Estimated
Gross Income: $37,500
Gross Expenses: $12,308
Total Rent: $3,125
Net Income: $25,492
Insurance Cost: $3,700
Management Cost: $9,600
Sewer Cost: $900
Water Cost: $900
Additional
Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, University
Exclusions: Tenants personal property
Disclosure Declaration: No
Disclosure: Seller has never lived in the property. Lead compliance letters issued in 92/93 for 3 of 6 units. Older roof. Buyer/Buyer agent to perform due diligence to confirm accuracy of all information. Property to be delivered "as-is" / not vacant.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 2 0 1 1 0 No 1
Unit 2 5 2 0 1 1 0 No 1 $775
Unit 3 5 2 0 2 1 0 No 1 $800
Unit 4 6 2 0 2 1 0 No 1 $750
Units Extras
Common
Rooms:  Laundry 
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The listing office is Lamacchia Realty, Inc. and the listing agent is Elisha Lynch. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
 
Gillian Bonazoli
Gillian Bonazoli
Coldwell Banker Residential Brokerage