101 Worcester Street

Estimated Monthly Payment: $2,462/mo 101 Worcester Street, Southbridge, MA 01550 MLS# 72430296 Multi-family Listing Status: Contingent
15
6
5,460 sqft
10
2
0
0

REMARKS:

THIS IS THE ONE YOU'VE BEEN LOOKING FOR. THIS PROPERTY IS AN INVESTOR'S DEAM WITH A 10 PERCENT NET CAPITALIZATION RATE (NOT TO BE CONFUSED WITH A GROSS CAP RATE). WHAT BANK IN TODAY'S MARKET IS GOING TO PAY YOU 10% RETURN ON YOUR INVESTMENT WITH THE UPSIDE POTENTIAL OF CAPITAL APPRECIATION? ALL SIX UNITS COME FULLY-RENTED WITH SOME TENANTS WHO HAVE BEEN THERE FOR MANY YEARS. THEY LOVE THEIR HOME & WOULD LIKE TO STAY. WITH A YEARLY RENT ROLL OF $63,000 & SEPARATE UTILITIES, IT'S EASY TO SEE WHY THIS PROPERTY IS SO ATTRACTIVE. THAT IS JUST THE BEGINNING, THIS PROPERTY WAS ALSO COMPLETELY UPDATED SO YOU WON'T HAVE TO DO ANY COSTLY REPAIRS OR TIME-CONSUMING UPGRADES. YES, THE PROPERTY WAS GUTTED & REBUILT WITH NICE KITCHENS & BATHROOMS, SHINY FLOORS, INSULATED WINDOWS & DOORS, VINYL SIDING, RUBBER ROOF, NATURAL-GAS WATER-HEATERS, & SEPARATE ELECTRIC METERS. PLENTY OF PARKING IN THE BACK FOR MORE THAN 20 CARS ON THE PAVED & FENCED-IN PARKING LOT. THIS IS THE GOLDEN CASH COW. CALL NOW!!!

OVERVIEW:

Multi-family
5-9 Family
Contingent
1915
5460
0.27
Vinyl
Rubber
Fieldstone
Off-Street, Assigned, Improved Driveway
Off-Street, Assigned, Improved Driveway
Public, Paved, Publicly Maint., Sidewalk
Paved Drive, Easements, Level
City/Town Water
City/Town Sewer

FEATURES:

Deck, Covered Patio/Deck, Gutters, Screens
Vinyl

ROOM INFO:

Y
Full, Bulkhead, Concrete Floor
23

SCHOOLS:

Southbridge
Southbridge
Southbridge

FINANCIAL:

$440,000
$5,463
2018

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of , Keller Williams Realty Greater Worcester

 

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