19 Ward St Worcester MA 01610 MLS #73308996

19 Ward St
Worcester, MA, 01610
$1,000,000
6 Beds
6 Baths
5,328 SqFt
0.08 Acres
$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

Net Operating Income
$81,332
Tax Year
2024
Taxes
$8,228
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

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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