$960,000
8
Beds
6
Baths
5,790
Living Area
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Property Description
Overlooking Elm Park this meticulously maintained 5-unit Victorian is a dream investment poised to perform as a turnkey buy and hold, value add, or condo conversion. Enjoy a solid tenant pool and great returns in one of the most desirable areas of the city only .5 miles from WPI or make this your favorite project and turn it into a masterpiece. Victorian features include soaring ceilings, solid maple flooring, stained glass, built-ins, and beautiful wood and metalwork. Units have individual gas furnaces, HWTs, and electrical services while common areas include freshly painted stairwells, a repaved driveway, a walk-up attic, and an immaculate basement with laundry. There's even a 3-car garage! Four units are to be delivered as TAW, or vacant. Top floor-through 4 bed, 2 bath offers in-unit laundry and central a/c - delivered vacant as potential owner's unit. Rents are all well under-market and floor plans could be modified to include an extra bedroom in two of the units. THIS IS THE ONE!
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Highlights
- Has View: Yes
- Property Class: Residential Income
- Total Rooms: 24
- Status: Closed
- Parking Spots: 8
- Property Type: 5-9 Family
- Year Built: 1910
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Additional Details
- Basement: Full
- Exterior Features: Porch, Covered Patio/Deck, Balcony, Screens
- Foundation: Stone
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Details: Actual
- Zoning: Rg-5
- Construction: Frame
- Flooring: Hardwood
- Lot Features: Level
- Roof: Shingle, Slate
- View: Scenic View(s)
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Park, Highway Access, Public School
- Parking Features: Paved Drive, Off Street, Driveway
- Covered Parking Spaces: 3
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $672,800
- Compensation Based On: Gross/Full Sale Price
- Taxes: $9,648
- Buyer Agent Compensation: 2.5%
- Tax Year: 2023
- Total Rent: $7,600
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