148 Millbury StreetWorcester, MA 01610MLS Number 72322697

  • Price: $720,000
  • Est. Mortgage of $/month
  • 20 Days on Market
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$
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$/month over payments
Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
* 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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  • 8Bedrooms
  • 0.18Acreage
  • 10Bathroom
  • 1920Year Built

The large mixed-use building located on the popular Millbury Street near Kelley Square. Building is comprised of 8 apartments, including 6 one-bedrooms and 2 studios, and a popular restaurant/sports bar on the first floor that is on a 7-year triple-net lease which covers half the taxes, snow plowing, building maintenance, and the trash costs with the apartments. The building is approximately 12,000 sf and includes a nearly 5,000 sf parking lot off the back of the building for tenants, which is rare for Worcester. Laundry is located on the third floor and provides great additional income. Buyers have the ability to acquire a fully occupied, minimal management, cash-flowing building, with a strong rental history and a commercial tenant on a new triple-net lease that has been there for over 30 years. With half the expenses being taken over by sports bar, the upside is huge for buyers, significantly increasing the net income and resulting in over 20% return on investment!

Listed by Matthew Pierce of Marcus & Millichap Real Estate Investment Services

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Basic Information

  • MLS Number72322697
  • StatusACT
  • Date Listed05/08/2018
  • List Price$720,000
  • Lot DescriptionCorner
  • Status Date2018-05-08T12:07:00
  • Year Built DescrpActual

Interior

  • Basement FeatureFull
  • F Bths 21
  • F Bths 11
  • Flrs 12
  • Flrs 22

Exterior

  • Roof MaterialAsphalt/Fiberglass Shingles
  • ExteriorVinyl
  • Exterior FeaturesBalcony, City View(s)

Utilities

  • Elec600
  • SewerCity/Town Sewer
  • WaterCity/Town Water

Water Body

  • WaterfrontNo
  • BeachfrontNo

Photos

  • Number of Photos16
  • Photo Date2018-05-08T12:07:00
  • Prop TypeMF

Location

  • StreetMillbury Street
  • Street No148-152
  • TownWorcester
  • Building Number148
  • StateMA
  • Zip01610
  • CountyWorcester

Property

  • Acreage0.18
  • Square Feet8147
  • Lot Size7840
  • Lease 1N
  • Lease 2N
  • Year Built1920
  • Rent2800
  • Rent1800
  • Road TypePublic
  • Garage Spaces
  • Parking Spaces12
  • Parking DescriptionOff-Street
  • Assessments500000
  • Total Rent7200
  • Main LoAN1252

Building

  • Bathroom10
  • Full Baths8
  • Bedrooms8
  • Total Brs8
  • Half Baths2
  • Total Fbh8
  • Total Half Baths2
  • Total Flrs4
  • Lead PaintUnknown
  • Levels 21
  • Levels 11
  • Levels3
  • Rms 13
  • Rms 23
  • Rms CommonLaundry
  • No Units9
  • No Rooms6
  • ConstructionFrame
  • BasementYes
  • Bedrms 21
  • Bedrms 11
  • Total Rooms6
  • Total Levels2
  • Total Rms24
  • FoundationPoured Concrete, Fieldstone
  • DirectionCorner of Sigel and Millbury Street

Other

  • Wse2300
  • Apod AvailableYes
  • Insc5400
  • Rme4000
  • Noi57240
  • Mgf4174
  • Property Type5-9 Family

Your Local Office

Foster-Healey Leominster Office

50 Central Street,
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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