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$2,010,000
28
Beds
12
Baths
8,228
Living Area
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Property Description
Prime Investment Opportunity – 12 de-leaded residential units a in Worcester’s desirable Poet Hill neighborhood. Just 0.2 miles from Trolley Yard, minutes to downtown, and under 10 minutes to 8 colleges and 4 major hospitals. Features strong in-place income ($18,250/month), with upside potential and rent growth($24,992/month proforma). With a 9% Proforma CAP Rate. Efficient management and turnkey appeal for both local and out-of-town investors. Ideal location in one of Worcester’s hottest rental markets.
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Highlights
- Levels: 2
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 52
- Status: Closed
- Property Class: Residential Income
- Stories: 2
- Year Built: 1905
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Additional Details
- Exclusions: Tenant's Personal Property
- Lot Features: Other
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Rg-5
- Foundation: Irregular
- Roof: Shingle
- Total Number of Units: 12
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,626,700
- Taxes: $21,456
- Tax Year: 2025
- Total Rent: $18,200
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