$1,000,000
19 Ward St
Worcester, MA, 01610
This well-located 6-unit property at 19 Ward Street in Worcester, Massachusetts, consists of six 2-bedroom/1-bathroom units, totaling 5,328 sq. ft. of living space on a 0.08-acre parcel. Each unit is separately metered for heat, hot water, and electricity, with all utilities paid directly by the tenants. The property also benefits from a roof that is less than five years old and has lead certificates for all units.Three of the six units have been extensively renovated, featuring new kitchens with granite countertops and stainless steel appliances, updated bathrooms, and new flooring. There is an opportunity to increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units to a property already boasting a monthly rent roll of $9,350. Listed at an 8.13% cap rate, this property represents a strong investment opportunity in the growing Worcester market.
Property Details
Price:
$1,000,000
MLS #:
73308996
Status:
Active
Beds:
6
Baths:
6
Address:
19 Ward St
Type:
Multi Family
Subtype:
5-9 Family
City:
Worcester
Listed Date:
Nov 1, 2024
State:
MA
Finished Sq Ft:
5,328
Total Sq Ft:
5,328
ZIP:
01610
Lot Size:
3,577 sqft / 0.08 acres (approx)
Year Built:
1900
Units:
6
Schools
Interior
Bathrooms
6 Full Bathrooms
Exterior
Financial
Tax Year
2024
Taxes
$8,228
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Horvath & Tremblay. The property listing data and information 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 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 set forth herein.
19 Ward St
Worcester, MA
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