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120 Dorchester St Worcester, MA 01604
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Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,900 sqft
Price per Sqft $85
MLS Listing ID 72360071
Sold Date 10/01/18
Bedrooms 21
Full Baths 9
Year Built 1990
Annual Tax Amount $13,957
Tax Year 2018
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type 5-9 Family
Property Description
Opportunity to purchase this TURN KEY 9 UNIT apartment building bringing in ($7,975/mo + coin opp) with HUGE UPSIDE potential in the hot Worcester rental market. This is a great professionally managed, fully leased investment property with all tenants paying rent. Below market rents for its current condition with ability to increase rents with the building as is. Owner leased units below market to attract better quality tenants. Property offers huge upside potential of $11,000 + ( 3 - 3 Beds x $1,400, 6 - 2 Beds x $1,200) with minimal unit upgrades. The building consist of an original 3 family that is all large 3 bedrooms with a 6 unit addition in 1990 consisting of all 2 bedrooms. All units deleaded when owner purchased the property, owner is missing one certificate. Tons of off street parking and coin opp laundry make this a great investment opportunity. Tenants pay individually metered Gas Heat, Electric an Hot Water.
Location
State MA
County Worcester
Zoning RG-5
Direction Grafton St to Dorchester St or Vernon St to Dorchester St
Rooms
Basement Full
Interior
Interior Features Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Heating Unit 1(Gas), Unit 2(Electric)
Cooling Unit 1(None)
Appliance Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator)
Laundry Laundry Room
Exterior
Total Parking Spaces 16
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Concrete Perimeter, Stone
Sewer Public Sewer
Water Public
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Bought with Robert Budak • Keller Williams Realty Greater Worcester