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78 Downing St
Worcester, MA 01610

$1,300,000

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Listing Details

  • $1,300,000
  • MLS# 73469808
  • Type Multi Unit - Multiple
  • Status Pending
  • 15
    Bedrooms
  • 6 full
    Bathrooms
  • 5,861
    Square Feet
  • 0.219 acres
    Lot Size
  • 1920
    Year Built

Listed By

Agency Name: Property Investors & Advisors, LLC
Agent Name: Brian Allen
Agency Phone: 774-413-0272

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

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Home Value Estimate


Description

Superb opportunity to acquire a stabilized 6-family directly across from Clark University, generating $11,550/month in rental income and a strong $106,100 NOI. Additional revenue comes from coin-op laundry and a heated basement storage/workshop. The property offers a desirable mix of three 2 bed/1 bath units and three 3 bed/1 bath units, plus a fully leased 4-car garage. All apartments are renovated with modern layouts that attract quality tenants. The building is sprinklered, fully insulated, separately metered with tenant-paid electric, and five units are deleaded. In a prime walk-to-campus location with consistent rental demand, this asset...read more

Features

  • 5.0 Stories
  • $15,126 Taxes
  • Public
  • Built in 1920

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