AnaSofia Hansen
REALTOR®
BEDS10
BATHS5 full
SQUARE FEET3,254
MLS#73561773
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
The multi-story building contains five (5) 2-Bedroom/1-Bathroom units with 3,254 square feet of gross living area in 5,526 square feet of gross area. The Property is situated upon a 0.16-acre parcel and has on-street parking. All five units were recently renovated. Renovations include brand new kitchens, new flooring, and new bathrooms. Several of the units were also upgraded with brand new mini split air conditioning units. The Property is currently fully occupied at slightly below market rents offering upside to the purchaser with little to no additional expenditure needed. Net operating income is further improved by separately metered heat, hot water, and electricity which the tenants pay directly. The owner is only responsible for domestic water & sewer. 22 Florence Street is well-positioned in Worcester's established Vernon Hill neighborhood just steps from Clark University. This offers convenient access to downtown Worcester, neighborhood retail corridors, and surrounding residential communities. The opportunity exists to acquire a well maintained and recently improved asset in a desirable urban market. Listed at an 8.34% cap rate.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Ductless
Heating: Natural Gas, Electric
Lot Size: 0.16 Acres
Roof Type: Shingle
Stories: 5.0
Taxes: $7,635
Year Built: 1890
Feature Descriptions
Building Area Total: 3254
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 30
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: Individually Metered
HeatingY/N: 1
Lot Features: Other
Open Parking Y/N: Yes
Parcel Number: 1768167
Parking Features: On Street
Parking Total: 0
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Rooms Total: 20
Sewer: Public Sewer
Units: 5
Water: Public
Listed By / Shown By
Listed By
Agency Name: Horvath & Tremblay
Agent Name: Ethan Lazar
Agency Phone: 781-776-4000
Shown By
Agent Name: AnaSofia Hansen
Agent Phone: (207) 460-8930
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 3,153.48 per month $2,225.57 Principal & Interest $636.25 Property Tax $291.67 Homeowner's Insurance
22 Florence St | MLS# 73561773
This multi-family property located at 22 Florence St, Worcester, MA 01610 is currently listed for sale with an asking price of $1,000,000. Search Worcester real estate on anasofia.masiellogrouprealestate.com today.