Sold

5 Claremont Street, Worcester, MA

Worcester · MA 01610

$1,170,000
Price
16
Beds
4
Baths
13025
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1896
Units: 16 Units
Lot size: 0.68 Acre Lot
Price per square foot: $92 / Sq.Ft
Parking: 12 Off Street Spaces

About this home

The Claremont House is an international student housing building located in Worcester, MA. The 13,000+ square foot historic building is located across the street from Claremont Academy on a double-corner lot of .68 acres with parking for approximately twelve vehicles. The building provides tenants two full-kitchens on the first and third floor, four full bathrooms, living and dining areas, along with coin-op laundry. Investors have the ability to acquire a one-of-a-kind asset located in a highly demanded location on the edge of Clark University with close proximity to College of Holy Cross, WPI, downtown, Polar Park and other local restaurants and amenities. Building to be sold fully furnished. As the second largest city in New England, accompanied by nearly 20% appreciation over the past two years, investors have the ability to acquire a cash flowing asset with significant upside to accomplish double digit cash on cash returns.

Neighborhood & Transit

5 Claremont Street, 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:
1467 days
Listing Price:
$1,200,000
Price per Sq.Ft:
$92
Tax Assessment:
$748,700 in 8734
Taxes:
$168 / Monthly

Home Facts

Interior Features

Bedrooms
16
Full Bathrooms
4
Half Bathrooms
0
Living Area
13,025 Sq.Ft
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
220 Volts

Exterior Features

Lot Size
29,620 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
Matthew Pierce
Listing office
Marcus & Millichap Real Estate Investment Services
MLS PIN #
72967100