5 Palm St, Worcester, MA 01604

$1,070,000
8
BD
8
BA
5,600
SqFt
Sold Price
$1,070,000
List Price
$1,200,000
Status
SOLD
MLS#
73115091
Closing Date
Aug 04, 2023
Year Built
1925
Bedrooms
8
Bathrooms
8
Acres
0.26
Living Area
5,600

Property Description

Incredible investment opportunity! Rare, well maintained 7 unit property with just under an 8% cap rate and a monthly rent roll of $9,900 with room for growth. (4) 1-bedroom units, (2) 2-bedroom units, (1) 2 story 2-bedroom cottage 9230 square feet on .26 acre lot. All units are separately metered and tenants pay their own utilities. The location is hard to beat being minutes to all major highways, the train station, airport, restaurants, shopping, hospitals, colleges/universities and Polar Park making it an ideal location for all tenants and for APPRECIATION! Group showing Sunday June 4th 11am-2pm. Investors, you won’t want to miss this!** View Offer Memorandum in attached documents for further details.

Additional Information

Taxes
$11,423
Lot Desc
Corner Lot
Lot Size
11,357
Flooring
Wood,Vinyl
Sewer
Public Sewer
Water Source
Public
Appliances
Gas Water Heater, Utility Connections for Gas Range, Utility Connections Varies per Unit
Exterior
Frame
Exterior Features
Storage
Parking Spaces
2

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: from Listing Office: .

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