143-147 Vernon Street, Worc. Multi-Family FOR SALE


Worcester, MA - Vernon Hill
$2,275,000 USD
508-635-8259
, Worcester, MA for Sale
$2,275,000 USD
Multi-Family - FOR SALE
1/25
null | 5.98% Cap Rate

143-147 Vernon Street, Worc.
Worcester, MA
Vernon Hill


HIGHLIGHTS

  • Mixed-use 8-unit investment portfolio
  • Two 3-unit and one 2-family buildings
  • Three buildings on one 0.55-acre lot
  • Well maintained; same family ownership
  • Updated kitchens and bathrooms in units
  • In-unit washers and dryers in many units

OVERVIEW

Exceptional investment opportunity to acquire a well-maintained mixed-use 8-unit portfolio, proudly held by the same family for two generations. The portfolio includes two three-unit buildings and one two-family, delivering a flexible and desirable unit mix. The property features abundant off-street parking, two parking areas and a three-car garage. Extensive care is evident throughout, with numerous updates to cosmetics, plumbing, electrical systems. Many units have updated kitchens, bathrooms, forced hot air heating systems and are outfitted with in unit washer and dryer to enhance tenant appeal. Rents are currently below market, presenting a compelling value-add opportunity with the ability to increase annual income conservatively by $40,000. Ideally located near major highways, hospitals, and Union Station, this asset offers strong fundamentals, excellent accessibility, and long-term upside.

ASK ABOUT THIS PROPERTY

James KalogeropoulosRE/MAX PartnersMore Info
508-635-8259

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James KalogeropoulosRE/MAX PartnersMore Info
508-635-8259

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.