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$ 753,000
Est. payment /mo
New
73 Southgate St Worcester, MA 01603
10 Beds
4 Baths
4,087 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,087 sqft
Price per Sqft $184
MLS Listing ID 73567595
Bedrooms 10
Full Baths 4
Year Built 1900
Annual Tax Amount $5,825
Tax Year 2022
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type 4 Family
Property Description
Investment opportunity in Worcester! This mixed-use property currently features 3 residential units plus a former bar/commercial space. Two of the three apartments have been renovated, with current rents including a 3-bedroom at $2,600/month and a 2-bedroom at $1,800/month. The former bar is not currently operating and has undergone recent improvements. Plans are available proposing the conversion of the former bar into two additional 2-bedroom residential units. All projected numbers and future income potential are based on this proposed conversion. Conversion is subject to all required approvals, zoning, and permitting. Buyer/buyer's agent to perform their own due diligence and verify feasibility, plans, rents, expenses, and development potential. Conveniently located near Polar Park, Union Station, Holy Cross, Clark University, I-290, Route 146, and the Mass Pike. Great value-add opportunity with existing rental income and potential for additional residential units.
Location
State MA
County Worcester
Zoning Mixed USe
Direction Cambridge St. to Caterberry st. to Southgate
Exterior
View Y/N Yes
View City View(s)
Total Parking Spaces 4
Garage No
Building
Lot Description Level
Story 3
Foundation Granite
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Lamacchia Realty, Inc.
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