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$ 2,950,000
Est. payment | /mo
33 Beds
13 Baths
15,075 SqFt
$ 2,950,000
Est. payment | /mo
33 Beds
13 Baths
15,075 SqFt
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 15,075 sqft
Price per Sqft $195
MLS Listing ID 73315510
Bedrooms 33
Full Baths 13
Year Built 1900
Annual Tax Amount $21,475
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Description
Henchman & Moen, consists of three adjoining multi-family investment properties located at 2 & 2 ½ Henchman Street and 8 Moen Street in Worcester, MA (the“Property”). This well-maintained 13-unit property consists of six 2-bedroom/1-bathroom units and seven 3-bedroom/1-bathroom units, totaling 15,075 sq. ft. of living space on a 0.26-acre parcel. 11 of the 13 units have been extensively renovated with new kitchens, bathrooms, and flooring. All units have lead certificates and are separately metered for heat, hot water, and electricity, which are paid directly by the tenants. The property also features an on-site laundry facility and three parking spaces. The opportunity exists to increase rents in the renovated units and implement programmatic upgrades to the remaining two unrenovated units to maximize rental income. The property is steps from Downtown Worcester, WPI and UMass Memorial Medical Center. This is an excellent investment opportunity in one of MA’s most dynamic markets.
Location
State MA
County Worcester
Zoning RG-5
Direction Use GPS
Exterior
Total Parking Spaces 3
Garage No
Building
Lot Description Corner Lot
Story 8
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Horvath & Tremblay