423 Park AvenueWorcester, MA 01610MLS Number 72311345

  • Price: $2,640,000
  • 35 Days on Market
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Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
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  • 0.58Acreage
  • 1920Year Built
  • 24633Square Feet

Mixed Use in prime location. If you are looking to invest in Worcester, here is your chance. Great investment opportunity with potentially over $190K NOI. 8 Retail Storefronts, 10 3-4 bedroom apartments and 1 single family home with ample off-street parking (36 parking spots). Each apartment has a private porch and storage. Delead certificates for all apartments. Near Clark University, Worcester State University and great public schools. Approximately 1.5 miles from downtown Worcester. Long term tenants; historically strong occupancy.

Listed by Elizabeth Cruz of Keller Williams Realty Greater Worcester

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More Info

Basic Information

  • List Price$2,640,000
  • StatusACT
  • Year Built SourceOwner
  • Year Built1920
  • Lease TypeOther (See Remarks)
  • Lease Price IncludesOther (See Remarks)
  • LeaseNo
  • Date Listed04/19/2018
  • DirectionPark Ave across the street from KFC, Fire department
  • MLS Number72311345
  • Status Date2018-04-19T02:26:00

Exterior

  • ConstructionAluminum, Brick, Frame
  • Roof MaterialRubber

Photos

  • Photo Date2018-04-19T02:26:00
  • Number of Photos6

Other

  • Modification Date2018-05-01T22:20:00
  • Property TypeCommercial
  • Listing AlertNo
  • DisclosureYes
  • DisclosuresThis sale includes 5-A Pembroke St, single family home with 7 rms, 3 bds, 1.5 bths, 1633 sqft living area, This is included in the # of units & sqft. 2 of the 36 parking spots are reserved for the single family. Measurements are approx, buyer/buyer age
  • Book53355
  • Listing AgreementExclusive Right to Sell
  • Rsf Bldg Sf16633
  • Prop TypeCI
  • Ref Bldg Sf8000
  • ExclusionsSome appliances belong to the tenants
  • ExchangeNo
  • Firm Rmk1Please do not approach any of the tenants, especially retail tenants, thank you. If you need more financial details please download the non-disclosure form, fill it out and email it to ecrealtor1@gmail.com. Its best for both the buyer and buyer's agent
  • Page399
  • View Count4

Location

  • Street No423-431
  • Building Number423
  • StreetPark Avenue
  • Zip01610
  • StateMA
  • CountyWorcester
  • LocationUrban, Public Transportation
  • TownWorcester

Property

  • Acreage0.58
  • Net Operating Inc238000
  • Parking Spaces36
  • Space AvailableFor Sale
  • SubletNo
  • Gross Annual Exp115000
  • Gross Annual Income354000
  • Condo AssociationNo
  • Lot Size25200
  • Assessed Value Land90700
  • Main LoK95491
  • Square Feet24633

Building

  • No Units19
  • No Buildings4
  • No Of Restrooms19
  • No Stories3
  • Parking Feature21+ Spaces
  • SprinklersYes
  • Total Units19
  • Total Bldg Sf24633
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg1025000
  • Rsu Units11
  • Reu Units8

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas

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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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