12 Channing StreetWorcester, MA 01605MLS Number 73008464

  • Price: $3,600,000
  • Est. Mortgage of $/month
  • 81 Days on Market
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Federal 30-year interest rate: 6.29% last updated on Sep 22, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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12 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 0160512 Channing Street Worcester MA 01605
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  • 46Bedrooms
  • 1.06Acreage
  • 21Bathrooms
  • 1900Year Built
6-building / 20-apartment portfolio located in Worcester, Massachusetts. The portfolio contains (5) 3-unit properties, and (1) 5 Unit property with the entirety of the buildings being rented to Section-8 tenants. The properties have an attractive unit mix of studio, one, two, three and four bedrooms. All properties but 12 Channing St contain full lead compliance letters as well as recent renovated kitchens, baths, plumping and electrical throughout. In addition, all the roofs on the properties are 15 years old or newer. Each building has separate high-efficiency utilities responsible by the tenants, off-street parking and laundry. Investors can expect a net income of over $260k+ and a 7.39% cap rate based on the current in place income with 100% occupancy. Properties can be bought with 2nd portfolio at MLS 73015439 or individually.
Listed by Matthew Pierce of Marcus & Millichap Real Estate Investment Services

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More Info

Basic Information

  • Gross Income $370,956
  • Mls StatusActive
  • Parcel Number 1762206

Basic Information

  • List Price$3,600,000
  • MLS Number73008464
  • Modification Date09/04/2022
  • Property SubType5+ Family - 5+ Units Side by Side

Property

  • Acreage1.06

Property Information

  • Building Area Source Public Records
  • Living Area 20,877
  • Lot Size Square Feet 46,173
  • Lot Size Units Acres
  • Square Feet20,877

Tax Information

  • Tax Assessed Value $999,999
  • Tax Year 2021
  • Taxes$30,303

Rooms

  • Bathroom21
  • Bathrooms Total Decimal 21
  • Bedrooms46
  • Full Bath21

Building

  • Basement
    • Bulkhead
    • Crawl Space
    • Finished
    • Full
    • Partial
    • Partially Finished
    • Walk-Out Access
  • Building Area Units Square Feet
  • FoundationConcrete Perimeter, Stone
  • Garage Spaces
  • Rooms99
  • Stories4
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces20

Location

  • Address12 Channing Street
  • Building Number12
  • CountyWorcester
  • StateMA
  • StreetChanning Street
  • TownWorcester
  • Zip01605

Utilities

  • Sewer Public Sewer
  • Water Source Public, Individual Meter

Amenities

  • Amenities
    • Highway Access
    • Laundromat
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • University
  • Other AmenitiesBasement

Other

  • Buyer Agency Compensation1.5
  • Date Listed07/07/2022
  • Farm Land Area Units Square Feet
  • View Count9

Your Local Office

Foster-Healey Real Estate, Inc. (Leominster Office)

Foster-Healey Real Estate, Inc. (Leominster Office)

50 Central Street,
Leominster, MA 01453

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