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$825,000
Est. payment /mo
8 Beds
6 Baths
5,216 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,216 sqft
Price per Sqft $158
MLS Listing ID 73501042
Bedrooms 8
Full Baths 6
Year Built 1900
Annual Tax Amount $6,690
Tax Year 2026
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type 5-9 Family
Property Description
This centrally located value-add 6-unit property at 38 Benefit in Worcester, Massachusetts, consists of four 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, totaling 5,216 sq. ft. of living space on a 0.11-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property benefits from brand new high efficiency Navien hot water heaters. Three of the six units have been recently renovated featuring new kitchens, updated bathrooms, and new flooring. There is an opportunity to dramatically increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units as all units are currently TAW. Listed at a 7.95% cap rate, this property represents a strong investment opportunity in the growing Worcester market.
Location
State MA
County Worcester
Zoning RG-5
Direction Use GPS
Exterior
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot
Story 5
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Horvath & Tremblay
Nearby Locations
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Sherry Stallings
Broker Associate | License ID: 9572159
Broker Associate License ID: 9572159