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OFF-MARKET INVESTMENT OPPORTUNITY

140 Elm St. Worcester, MA $995,000

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ATTENTION INVESTORS! Overlooking Elm Park, in one of the most desirable locations in the city, this outstanding 5-unit property offers a CAP rate of over 8% with room to grow to over 9% or an opportunity for condo conversion. Very well-maintained Victorian features individual gas heating systems and HWTs, separated electrical service, common laundry, a 3-car garage, and a large repaved and sealed driveway. Four units delivered with professional, market rate TAW. Top floor-through 4 bed, 2 bath unit offers in-unit laundry, central a/c, and fantastic park views to be delivered vacant as potential owners unit. Large, clean basement, walk-up attic, gorgeous front stairwell with gorgeous Victorian detail. If you're typically a Boston investor who's curious about cashing in on the *much* higher returns in the Worcester market, definitely check this one out. It's the right property in the right neighborhood for the right price!
Overlooking Elm Park in one of Worcester's most desirable locations, this 5-unit property offers $91,200 AGI with room to grow. Very well-maintained, this property attracts a professional tenant pool while also offering value-added potential and the opportunity for condo conversion. Victorian features including built-ins, beautiful woodwork, and stained glass are found throughout. Individual gas heating systems and HWTs, separated electrical services with owners' meter, common laundry, a 3-car garage, and a repaved/sealed driveway for up to 8 cars add to the appeal of this turn-key investment. Four units can be delivered with market-rate Tenants At Will, or vacant. Penthouse floor-through 4 bed, 2 bath unit offers in-unit laundry, central a/c, and fantastic park views to be delivered vacant as potential owner's unit. Large, clean basement and walk-up attic. This is the right property in the right neighborhood for the right price! Come see how much more you can get in Worcester!
Overlooking Elm Park in one of Worcester's most desirable locations, this 5-unit property offers $91,200 AGI with room to grow. Very well-maintained, this property attracts a professional tenant pool while also offering value-added potential and the opportunity for condo conversion. Victorian features including built-ins, beautiful woodwork, and stained glass are found throughout. Individual gas heating systems and HWTs, separated electrical services with owners' meter, common laundry, a 3-car garage, and a repaved/sealed driveway for up to 8 cars add to the appeal of this turn-key investment. Four units can be delivered with market-rate Tenants At Will, or vacant. Penthouse floor-through 4 bed, 2 bath unit offers in-unit laundry, central a/c, and fantastic park views to be delivered vacant as potential owner's unit. Large, clean basement and walk-up attic. This is the right property in the right neighborhood for the right price! Come see how much more you can get in Worcester!
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1910

1910

Year Built

8

8

Total Bedrooms

6

6

Total Bathrooms

5,760

5,760

Sq.Ft.

Living Space

0.17

0.17

Acres

Lot Size

3

3

Garage Spaces

01

Interior

Total Bedrooms

8

Total Bathrooms

6

Full Bathrooms

6
01

Exterior & Building

Stories

3

Garage Spaces

3
01

Lot & Area

Status

Sold

Living Area

5,760 Sq.Ft.

Lot Size

0.17 Acres

Type

Multi-Family

Year Built

1910
01

Finance

Sales Price

$995,000

Real Estate Taxes

$9,648/yr

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