This rare 6-unit multi-family located in one of the best areas of Worcester offers off street parking, fenced in back yard, 3 bedroom units, lead certificates, modern electric service, rubber roof, all separate utilities, gas boilers with radiators in each room, and the building has been fully insulated by MassSave. This well maintained building is walking distance to the UMASS Hospital, WPI, and one block from Grant Square Park with 1.7 acres of recreation facilities and only 2.2 miles to the new Red Sox Stadium and retail stores coming next year. The property has 3 of the 6 units currently rented to subsidized tenants and generates consistent rental income today with the potential for substantial rent increases. Recent HUD increases in Worcester have paved the way for this property to increase revenue simply by bringing the current subsidized tenants’ rent up to the new payment standard. That allows a buyer to enjoy a significant increase in cash flow shortly after purchase simply by doing a little paperwork. Owner is retiring. Current rents are below market. Property could gross over $10k per month if all rents were increased to market. For more info, Call 781-342-0446 or email: eaglecapitalgroupinc@gmail.com
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
