687 Millbury, South WorcesterWorcester, MA 01607MLS Number 72237035

  • Sale Price: $1,250,000
  • 248 Days Since Sale
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Federal 30-year interest rate: 4.85% last updated on Oct 18, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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  • 0.33Acreage
  • 2007Year Built
  • 10725Square Feet

Long term tenants in this 10 Unit Mixed Use Building in prime location. Built in 2007. Great investment opportunity with potentially over $120K NOI. 5 Retail Storefronts, 5 3bedroom apartments with 2 bath ample off-street parking (12+ commercial parking spots). Large 5000 SF open basement not included in living sf. Near Holy Cross College and Across the street from the new Blackstone Heritage Corridor Visitor Center to be completed in July 2018. great public schools. Approximately 1.5 miles from downtown Worcester. Potential additional income from future coin-op machines see attached budget.

Listed by Charbel Najem of Cedar Wood Realty Group

Listing Sold by Green Star Realty

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More Info

Parking

  • Parking Spaces12
  • Parking FeatureOpen, Street,11-20 Spaces, Paved Driveway, On Site

Building

  • Year Built2007
  • ConstructionFrame
  • Total Units10
  • Total Bldg Sf10725
  • No Units10
  • Rsu Units5
  • Reu Units5
  • No Buildings1
  • No Of Restrooms15
  • No Stories2
  • SprinklersYes
  • Sub DividableUnknown
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg608900
  • Undrgrnd TankNo

Auction

  • Special FinancingNo

Photos

  • Photo Date2017-10-04T20:43:00
  • Number of Photos13

Other

  • Modification Date2018-02-20T14:07:00
  • Property TypeCommercial
  • Listing AlertNo
  • EasementsNo
  • Year Built SourcePublic Record
  • DisclosureYes
  • DisclosuresSeller's relative occupies the nail salon, proposed $1400/mos rent is included in the rent roll
  • Book39926
  • Listing AgreementExclusive Right to Sell
  • Rsf Bldg Sf5720
  • Ref Bldg Sf5050
  • ExchangeNo
  • Firm Rmk1Please respect the tenants privacy especially the retail tenants, thank you, Agent will provide financial details with offers, please download the non-disclosure form, fill it out and email. Its best for both the buyer and buyer's agent to sign it.
  • Page109
  • Sale Date02/15/2018
  • View Count1

Basic Information

  • StatusSLD
  • MLS Number72237035
  • Prop TypeCI
  • Status Date2018-02-20T14:07:00
  • Date Listed10/02/2017
  • List Price$1,450,000
  • Sale Price$1,250,000
  • Price Per Square Foot$117
  • LeaseYes
  • Direction146 N or S to Millbury Street

Interior

  • Ceiling Height8

Exterior

  • Railroad SidingNo
  • Roof MaterialAsphalt/Composition Shingles

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas, 220 Volts

Location

  • Building Number687
  • Street No687
  • StreetMillbury
  • TownWorcester
  • StateMA
  • Zip01607
  • CountyWorcester
  • NeighborhoodSouth Worcester
  • LocationDowntown, Strip, Free Standing, Highway Access, Corner Lot

Property

  • Acreage0.33
  • Net Operating Inc120520
  • Space AvailableFor Sale
  • Site ConditionDry, Level, Improved
  • Square Feet10725
  • SubletNo
  • Gross Annual Exp30080
  • Lot Size14474
  • Frontage180
  • Gross Annual Income150600
  • Handicap AccessYes
  • Condo AssociationNo
  • Assessed Value Land149200
  • Main SoAN2406
  • Main LoAN0475

Your Local Office

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Leominster, MA 01453

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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