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26 Catharine St Worcester, MA 01605
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Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $145
MLS Listing ID 72823548
Sold Date 06/14/21
Bedrooms 18
Full Baths 6
Year Built 1920
Annual Tax Amount $5,918
Tax Year 2020
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type 5-9 Family
Property Description
This rare 6-unit multi-family located in one of the best areas of Worcester offers off street parking, fenced in back yard, 3 bedroom units, lead certificates, modern electric service, rubber roof, all separate utilities, gas boilers with radiators in each room, and the building has been fully insulated by MassSave. This well maintained building is walking distance to the UMASS Hospital, WPI, and one block from Grant Square Park. The property has 6 units. 3 units are currently rented to subsidized tenants and generate consistent rental income today with the potential for substantial rent increases. Recent HUD increases in Worcester have paved the way for this property to increase revenue simply by bringing the current subsidized tenants' rent up to the new payment standard. That allows a buyer to enjoy a significant increase in cash flow shortly after purchase. This one won't last! Current rents are below market. Property could gross over $10k/mo.
Location
State MA
County Worcester
Zoning RG-5
Direction 26 Catharine St, Worcester, MA 01605
Rooms
Basement Full, Concrete, Unfinished
Interior
Flooring Vinyl, Carpet, Hardwood
Appliance Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Laundry Washer Hookup
Exterior
Fence Fenced/Enclosed
Community Features Public Transportation, Shopping, Park, Medical Facility, Conservation Area, Highway Access, Public School, University, Sidewalks
Utilities Available for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Roof Type Rubber
Total Parking Spaces 6
Garage No
Building
Story 8
Foundation Stone
Sewer Public Sewer
Water Public
Read Less
Bought with Thiago De Matos • eXp Realty