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Listing Details
- $3,300,000
- MLS# 73496378
- Type Multi Unit - Multiple
- Status Active
Listed By
Agency Name: Douglas Elliman Real Estate - Park Plaza
Agent Name: Brody Murphy Novak Group
Agency Phone: 617-267-3500
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
Home Value Estimate
Description
3-building, 9-unit multifamily bundle in Worcester's WPI District. 59 Dover St (3BR/3BR/3BR + garage, 3,004 SF), 172 Russell St (5BR/5BR/5BR, 4,712 SF), 176 Russell St (4BR/4BR/4BR, 3,972 SF). Combined 11,688 SF, built 1905-1915. Stabilized gross income $333,000/yr with $12,600 in scheduled increases. All units leased at market rent with near-zero vacancy driven by WPI student demand ?? 5,800+ students, only first-years guaranteed housing. 172 & 176 Russell are adjacent, offering management efficiencies. 172 Russell is the highest-income property at $136,800/yr. Most units extensively renovated with updated kitchens and modern finishes. Part...read more
Features
- 5.0 Stories
- $26,363 Taxes
- Public
- Built in 1905
Gallery
Listed By
Agency Name: Douglas Elliman Real Estate - Park Plaza
Agent Name: Brody Murphy Novak Group
Agency Phone: 617-267-3500
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
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