$819,900

House for sale Worcester
Property photo number 1 of 16 Photos for Property. File  105191343_29_e8ed58013351dfafbcb1b0da2e921759.jpeg

Overview

SUMMARY: Discover an opportunity with this Worcester house for sale and available for $819,900. This could be your next ideal home or a smart investment. More details await.
Exceptional Worcester investment opportunity offering strong existing income and future value-add potential! Generating approximately **$108,000 in annual gross income, including income from the detached garage**, this substantial multifamily offers more than **3,600 sq. ft.
of living area**, 5 baths and a flexible layout providing multiple income-producing spaces. The detached two-car garage is currently rented for **$500 per month**, contributing to the property's overall income. Converted from oil to **natural gas**, the property also offers an impressive **9 off-street parking spaces**-a valuable feature for a multifamily investment. Situated on an oversized **15,026+/- sq. ft. lot bordering two streets**, the property may offer intriguing possibilities for future expansion, subdivision or other value-add opportunities, subject to buyer due diligence and all required municipal approvals. Additional features include a full basement with workshop and storage space, two enclosed three-season porches offering additional usable space, hardwood flooring in portions of the property, and a generously sized backyard. Located in Worcester's **Webster Square area**, the property is conveniently situated **near Coes Pond and its recreational amenities**, while also providing easy access to shopping, restaurants, parks, public transportation and major commuter routes. With strong current income, abundant parking, a substantial lot and opportunities to further enhance the property over time, this is an outstanding opportunity for an investor looking to add an income-producing Worcester multifamily to their portfolio. **Invest now, generate income today, and explore the possibilities for tomorrow!**
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Details

  • Beds: 9
  • Baths: 5
  • Price: $819,900
  • Reference No.: 95244361
  • Area: 3,632 sqft

Location

Marketed by:

  • Nina Desmond
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