423-431 Park Ave

    Worcester, MA 01610
    • $2,640,000
    • STATUS: Active
    • MLS #: 72311345
    $2,640,000
    • 0
      BEDS
    • 0.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,633
      SQFT
    • $107
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Elizabeth Cruz of Keller Williams Realty Greater Worcester.

    Description

    Mixed Use in prime location. If you are looking to invest in Worcester, here is your chance. Great investment opportunity with potentially over $243K NOI. 8 Retail Storefronts, 10 3-4 bedroom apartments and 1 single family home with ample off-street parking (36 parking spots). Each apartment has a private porch and storage. Delead certificates for all apartments. Near Clark University, Worcester State University and great public schools. Approximately 1.5 miles from downtown Worcester. Long term tenants; historically strong occupancy.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-12-11T23:47:28.553.
    www.refinderma.com/homes/82738520

    423-431 Park Ave Worcester, MA 01610

    • Price: $2,640,000
    • Status: Active
    • MLS #: 72311345
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.58
    Acres
    24,633
    SQFT
    $107
    $/SQFT
    1920
    Built
    Neighborhood:
    Other
    County:
    Worcester
    Area:
    Other
    Property Description
    Mixed Use in prime location. If you are looking to invest in Worcester, here is your chance. Great investment opportunity with potentially over $243K NOI. 8 Retail Storefronts, 10 3-4 bedroom apartments and 1 single family home with ample off-street parking (36 parking spots). Each apartment has a private porch and storage. Delead certificates for all apartments. Near Clark University, Worcester State University and great public schools. Approximately 1.5 miles from downtown Worcester. Long term tenants; historically strong occupancy.
    Exterior Features

    Construction AluminumBrickFrame Location UrbanPublic Transportation Parking Features 21+ Spaces Parking Spaces 36 Roof Material Rubber Stories 3

    Interior Features

    Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 8000.00 Restrooms 19 Rsf Building Sq Ft 16633.00 Sprinklers Yes Total Building Sq Ft 24633.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 1025000.00 Assessed Value Land 90700.00 Assessed Value Total 1115700.00 Commercial Industrial Type Commercial Condo Association No Disclosure Yes Disclosures This Sale includes 5-A Pembroke StSingle Family Home With 7 Rms3 Bds1.5 Bths1633 Sqft Living AreaThis is included in The # Of Units & Sqft. 2 Of The 36 Parking Spots Are Reserved For The Single Family. Measurements Are ApproxBuyer/Buyer Agent To Verify. Taxes Are For 423-431 Park Ave Exchange No Exclusions Some Appliances Belong To The Tenants Gross Annual Expense 114376.00 Gross Annual Income 357513.00 Lease No Lease Price Includes Other (See Remarks) Lease Type Other (See Remarks) Lender Owned No Mau Units 0 Net Operating Income 243137.00 Ofu Units 0 On File21 E Yes Reu Units 8 Rsu Units 11 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2018 Taxes 21097.89 Total Units 19 Utilities Public WaterPublic SewerNatural Gas Wau Units 0 Year Built Source Ow Zone Description Legal Conforming Zoning Rg-5

    Listing information © 2018 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Elizabeth Cruz of Keller Williams Realty Greater Worcester.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-12-11T23:47:28.553.
     
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    Listing courtesy of Elizabeth Cruz of Keller Williams Realty Greater Worcester.