Sold
2 Preston St, Worcester, MA
Worcester · MA 01610
- $1,775,000
- Price
- 29
- Beds
- 10
- Baths
- 10170
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1910
Units:
10 Units
Lot size:
3,049 Sq.Ft Lot
Price per square foot:
$196 / Sq.Ft
Parking:
No Parking
About this home
Incredible investment opportunity! 8% cap and over $217,800 in operating income. This well maintained fully occupied 10 unit brick building offers (9) 3-bedroom units and (1) 2-bedroom unit has been updated and well maintained over the years. 9/10 units are lead certified and features hardwood floors, updated kitchens, updated electrical with 100amp panel in each unit, hot water baseboard heating and laundry in unit. The building has undergone replacement of major components, including replacement of rear decks, all new electrical, baseboard heating serviced by (2) Buderus boilers and 2 Superstor Hot Water storage tanks. Building has had air sealing and insulation added to attic space. 7 security cameras with remote operation. All long-term tenants paying great rents.
Neighborhood & Transit
2 Preston St, Worcester · MA 01610
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:
- 1301 days
- Listing Price:
- $1,990,000
- Price per Sq.Ft:
- $196
- Tax Assessment:
- $1,402,200 in 2023
- Taxes:
- $1,676 / Monthly
Home Facts
Interior Features
- Bedrooms
- 29
- Full Bathrooms
- 10
- Half Bathrooms
- 0
- Living Area
- 10,170 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 10170
- Flooring
- Unknown
- Lead paint
- Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers, 100 Amps, Individually Metered
Exterior Features
- Lot Size
- 3,049 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Kimberly Rickman
- Listing office
- OWN IT, A 100% Commission Brokerage
- MLS PIN #
- 73097325
- Disclosure
- List agent also has ownership interest. Unit 4 has not been updated. Lead certs available for 9 units. PCAD for unit 3 indicates some hazards. Sale is subject to seller finding replacement property via 1031 exchange.