THIS IS THE ONE YOU'VE BEEN LOOKING FOR. THIS PROPERTY IS AN INVESTOR'S DEAM WITH A 10 PERCENT NET CAPITALIZATION RATE (NOT TO BE CONFUSED WITH A GROSS CAP RATE). WHAT BANK IN TODAY'S MARKET IS GOING TO PAY YOU 10% RETURN ON YOUR INVESTMENT WITH THE UPSIDE POTENTIAL OF CAPITAL APPRECIATION? ALL SIX UNITS COME FULLY-RENTED WITH SOME TENANTS WHO HAVE BEEN THERE FOR MANY YEARS. THEY LOVE THEIR HOME & WOULD LIKE TO STAY. WITH A YEARLY RENT ROLL OF $63,000 & SEPARATE UTILITIES, IT'S EASY TO SEE WHY THIS PROPERTY IS SO ATTRACTIVE. THAT IS JUST THE BEGINNING, THIS PROPERTY WAS ALSO COMPLETELY UPDATED SO YOU WON'T HAVE TO DO ANY COSTLY REPAIRS OR TIME-CONSUMING UPGRADES. YES, THE PROPERTY WAS GUTTED & REBUILT WITH NICE KITCHENS & BATHROOMS, SHINY FLOORS, INSULATED WINDOWS & DOORS, VINYL SIDING, RUBBER ROOF, NATURAL-GAS WATER-HEATERS, & SEPARATE ELECTRIC METERS. PLENTY OF PARKING IN THE BACK FOR MORE THAN 20 CARS ON THE PAVED & FENCED-IN PARKING LOT. THIS IS THE GOLDEN CASH COW. CALL NOW!!!
Off market
$704,000
101 Worcester St, Southbridge, MA 01550
15beds
5,460sqft
SingleFamily
Built in 1915
0.27 Acres Lot
$704,000 Zestimate®
$129/sqft
$2,507 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 6
- Full bathrooms: 6
Features
- Flooring: Linoleum / Vinyl
Interior area
- Total interior livable area: 5,460 sqft
Property
Lot
- Size: 0.27 Acres
Details
- Parcel number: 3977179
Construction
Type & style
- Home type: SingleFamily
Condition
- Year built: 1915
Community & neighborhood
Location
- Region: Southbridge
Other
Other facts
- roof_types: Unknown
- architectural_style: Other
- parking: Assigned,Driveway
- taxes_annual: 5463
- grade_school: Southbridge
- original_listhub_key: 3yd-MLSPIN-72430296
Services availability

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