Sold
101 Worcester St Unit 0, Southbridge, MA
Southbridge · MA 01550
- $420,000
- Price
- 15
- Beds
- 6
- Baths
- 5460
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1915
Units:
6 Units
Lot size:
0.27 Acre Lot
Price per square foot:
$81 / Sq.Ft
Parking:
12 Off Street Spaces
About this home
THIS IS THE ONE YOU'VE BEEN LOOKING FOR. THIS PROPERTY IS AN INVESTOR'S DEAM WITH A 10 PERCENT NET CAPITALIZATION RATE (NOT TO BE CONFUSED WITH A GROSS CAP RATE). WHAT BANK IN TODAY'S MARKET IS GOING TO PAY YOU 10% RETURN ON YOUR INVESTMENT WITH THE UPSIDE POTENTIAL OF CAPITAL APPRECIATION? ALL SIX UNITS COME FULLY-RENTED WITH SOME TENANTS WHO HAVE BEEN THERE FOR MANY YEARS. THEY LOVE THEIR HOME & WOULD LIKE TO STAY. WITH A YEARLY RENT ROLL OF $63,000 & SEPARATE UTILITIES, IT'S EASY TO SEE WHY THIS PROPERTY IS SO ATTRACTIVE. THAT IS JUST THE BEGINNING, THIS PROPERTY WAS ALSO COMPLETELY UPDATED SO YOU WON'T HAVE TO DO ANY COSTLY REPAIRS OR TIME-CONSUMING UPGRADES. YES, THE PROPERTY WAS GUTTED & REBUILT WITH NICE KITCHENS & BATHROOMS, SHINY FLOORS, INSULATED WINDOWS & DOORS, VINYL SIDING, RUBBER ROOF, NATURAL-GAS WATER-HEATERS, & SEPARATE ELECTRIC METERS. PLENTY OF PARKING IN THE BACK FOR MORE THAN 20 CARS ON THE PAVED & FENCED-IN PARKING LOT. THIS IS THE GOLDEN CASH COW. CALL NOW!!!
Neighborhood & Transit
101 Worcester St, Southbridge · MA 01550
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 2596 days
- Listing Price:
- $440,000
- Price per Sq.Ft:
- $81
- Tax Assessment:
- $263,300 in 2018
- Taxes:
- $455 / Monthly
Home Facts
Interior Features
- Bedrooms
- 15
- Full Bathrooms
- 6
- Half Bathrooms
- 0
- Living Area
- 5,460 Sq.Ft
- Broker Disclosure about Living Area
- The 3 (3-Bedroom) Units are approx. 960 sf each. The 3 (2-Bedroom) Units are approx. 860 sf each.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 11,872 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 12 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- George Goulas
- Listing office
- Keller Williams Realty Greater Worcester
- MLS PIN #
- 72430296
- Disclosure
- The 3 (3-Bedroom) Units are approx. 960 sf each. The 3 (2-Bedroom) Units are approx. 860 sf each.