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$899,900
Est. payment /mo
12 Beds
3 Baths
3,534 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,534 sqft
Price per Sqft $254
MLS Listing ID 73586316
Bedrooms 12
Full Baths 3
Year Built 1890
Annual Tax Amount $7,348
Tax Year 2026
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type 3 Family
Property Description
Exceptional income-producing investment opportunity featuring an approved 12-room lodging house configuration with extensive life-safety and infrastructure upgrades. Currently operated as a 12-room lodging house, the property offers strong income potential, commercial sprinkler protection, addressable fire alarm system with central station monitoring, hardwired smoke and carbon monoxide detection, comprehensive security camera coverage, and coin-operated laundry facilities.Current ownership has invested significantly in the property, including approval for conversion from a three-family to a 12-room lodging house, sprinkler installation, fire alarm upgrades, electrical improvements, plumbing upgrades, deck and porch replacement, and numerous additional capital improvements. The property is configured for efficient operation and has historically generated strong room-rental income.Conveniently located near downtown Worcester, colleges, hospitals, major employers, public transportation, and neighborhood amenities. A unique opportunity for investors seeking a high-income property with substantial capital improvements already completed.Buyer is responsible for conducting all due diligence regarding licensing, approvals, occupancy, and future use. Any permits, licenses, certificates, approvals, or registrations required after transfer of ownership shall be the responsibility of the buyer.
Location
State MA
County Worcester
Zoning RG-5
Direction To
Rooms
Basement Full, Interior Entry, Concrete
Interior
Interior Features Kitchen
Appliance Range, Refrigerator, Washer, Dryer
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Public School
Garage No
Building
Lot Description Other
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Coldwell Banker Realty - Worcester
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
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