RE/MAX Vision
Mary (Vigliatura) Stolarczyk, RE/MAX VisionPhone: (508) 612-1382
Email: [email protected]
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listing
1 of 18
MultifamilyFor Sale
$3,600,000
12 Channing Street
Worcester, MA 01605
Listed by: Matthew Pierce from Marcus & Millichap Real Estate Investment Services, (781) 718-9268
MLS Property Information Network
46Beds
21Baths
20,877Sq Ft
Est. Mortgage
$18,683/mo

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.

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Information courtesy of Marcus & Millichap Real Estate Investment Services is subject to verification and is not guaranteed.
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