Rare opportunity in Worcester! 11 Unit investment property with ample parking space! Unit mix consists of five studios, five 1br and one 2br. All tenants at will and have opportunity to bring up to market rent. Studios have PTAC heating and cooling system, while the other units have electric baseboard heating and window AC cooling.**Option to purchase this property along with 4 Allen St. directly to the right of this property.**3D Tour of every unit attached. Seller will entertain offers with buyer concessions.
Recently renovated 6 family consists of three 1br and three 2br with updated kitchens and bathrooms. Hydronic gas heating system and window AC for cooling. Tenants are all at will! 9 spaces available for parking along with an over-sized garage behind the main building for additional storage. Coin operated laundry in the basement generates an additional source of income for the property. This property will not stay on the market long! **Option to purchase 8-10 Allen St. next door to maximize parking utilization**3D Tour of every unit attached. Seller will entertain offers with buyer concessions.
**BACK ON MARKET; previous buyer unable to secure financing giving you a second chance at this great property!** Entrepreneurs and investors, this one's for you! This mixed-use building in the heart of Worcester is a dynamic blend of commercial and residential space. A newly vacant commercial unit is a blank canvas; transform the space to suit your specific needs. Formerly utilized for food service so can be easily revamped for the same or redesigned into countless possibilities for a new venture. Bring your business plans to fruition while having the added bonus of an additional $3,575 revenue from the residential units above. Well-maintained, spacious 2 bedroom units have in-unit laundry and separate utilities. Location is second to none within close proximity to highway access, Polar Park, and colleges. Now is the time to seize this opportunity and make your mark!
***NEW PRICE-PROJECTED TO BE A CASH COW***Be a part of the revitalization of downtown Worcester! This is an amazing opportunity to own one of the few mixed-use properties available in the heart of the city. Downtown is exploding and small businesses will lead the way. Five minutes to and from Main St makes this a most desirable location for living and working. This building offers two storefronts and three residential units and has the potential to be a huge earner. As this city continues to grow, it will benefit anyone in at ground-level. Well, we've passed that, and the money is here for a ready investor. The city's population is expanding; housing is in high demand and business is prospering: this building is guaranteed to generate income. All tenants-at-will but long-term and in good standing. Separate utilities for all units. Group showings only on weekends.
Unlock the potential of this well-maintained 3-unit property in the heart of Worcester. Featuring a first-floor bar, a spacious 3-bedroom apartment on the second floor, and a comfortable 2-bedroom apartment on the third floor, this building is great for investors or owner-occupiers – 3rd Floor residential unit will be vacant at closing. Windows, siding, roof, fire escape, and driveway were all updated in 2016, and this property is ready for the future. Off-street parking accommodates 6 vehicles. Located near Polar Park with easy access to Routes 146 and 290. Don't miss this exceptional investment opportunity! Rents below market.
Excellent investment opportunity. Perfect for you and your family, plenty of parking with paved driveway and 10+ off street parking. Close to the new Polar park, Clark University, Restaurants, Shopping and Highways. Both buildings with laundry and dryer in each unit except mid unit in 3 decker, The buildings are located on a corner lot with a one way street going out to Cambridge street. Only serious offers. Easy to show.
Worcester is located in Massachusetts. Worcester, Massachusetts has a population of 203,867. Worcester is less family-centric than the surrounding county with 25.57% of the households containing married families with children. The county average for households married with children is 31.47%.
The median household income in Worcester, Massachusetts is $56,746. The median household income for the surrounding county is $81,660 compared to the national median of $69,021. The median age of people living in Worcester is 34.4 years.
The average high temperature in July is 80.2 degrees, with an average low temperature in January of 14.1 degrees. The average rainfall is approximately 48.3 inches per year, with 50.5 inches of snow per year.
