40-42 Merrifield St Worcester MA 01605 MLS #73304804

40-42 Merrifield St
Worcester, MA, 01605
$980,000
12 Beds
4 Baths
4,770 SqFt
0.21 Acres
$980,000
40-42 Merrifield St
Worcester, MA, 01605
Discover an exceptional investment opportunity with this fully renovated 4-family rental property situated on a desirable corner lot in Worcester! This property boasts modern upgrades throughout, including all new mechanical systems—plumbing, electrical, and heating. Each unit features energy-efficient tankless on-demand hot water heaters, along with stylish quartz countertops and stainless steel appliances, ensuring both comfort and luxury for tenants. Currently, three units are vacant and ready for new tenants, making it ideal for an investor looking to maximize rental income. The top-floor unit is already generating $2,300 per month, providing a strong foundation for your investment. Additional highlights include off-street parking for six cars, a rare convenience in the area. This property is strategically located near Worcester’s largest hospitals and a variety of popular restaurants, making it appealing to potential renters.

Property Details

Price:
$980,000
MLS #:
73304804
Status:
Pending
Beds:
12
Baths:
4
Address:
40-42 Merrifield St
Type:
Multi Family
Subtype:
4 Family – 4 Units Up/Down
City:
Worcester
Listed Date:
Oct 22, 2024
State:
MA
Finished Sq Ft:
4,770
Total Sq Ft:
4,770
ZIP:
01605
Lot Size:
9,294 sqft / 0.21 acres (approx)
Year Built:
2024
Units:
4

Schools

Interior

Bathrooms
4 Full Bathrooms
Flooring
Vinyl
Laundry Features
Electric Dryer Hookup

Exterior

Community Features
Public Transportation, Park, Medical Facility, Highway Access, Public School, Sidewalks
Construction Materials
Frame
Parking Features
Off Street
Parking Spots
6
Roof
Shingle

Financial

Net Operating Income
$114,000
Tax Year
2024
Taxes
$7,261
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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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Courtesy of Gelineau & Associates, R.E.. 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.
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40-42 Merrifield St
Worcester, MA