Listed by Worcester Multi
$1,850,000
Worcester North Street 9
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,852
Net Rentable (SqFt) 6,852
Units 9
Cap Rate 8.21%
NOI $164,193
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.88%
Pro-Forma NOI $164,193
Price per SqFt $270
Class B
Year Built 1910
Year Renovated 2023
Buildings 3
Stories 3
Zoning RG5
Parking Spaces 10 spaces
Parking Per SqFt 1.46
Investment Type Stabilized
Multifamily | 9 Units | $205,556/unit
Marketing description
9 Units contained within 3 separately deeded 3 unit buildings on adjacent lots. Ample Parking on a flat lot. Units were renovated in 2023 with new flooring, paint, kitchens, bathrooms and appliances. Each unit is currently rented for $1850/month
Listing Contacts
Listed by Worcester Multi
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$164,193.00
$13,682.75/mo
Valuation Metrics
0
DSCR
8.88%
Cap Rate
8.88%
ROI
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