Incredible investment opportunity! 8% cap and over $217,800 in operating income. This well maintained fully occupied 10 unit brick building offers (9) 3-bedroom units and (1) 2-bedroom unit has been updated and well maintained over the years. 9/10 units are lead certified and features hardwood floors, updated kitchens, updated electrical with 100amp panel in each unit, hot water baseboard heating and laundry in unit. The building has undergone replacement of major components, including replacement of rear decks, all new electrical, baseboard heating serviced by (2) Buderus boilers and 2 Superstor Hot Water storage tanks. Building has had air sealing and insulation added to attic space. 7 security cameras with remote operation. All long-term tenants paying great rents.
Sold for $1,775,000 on 06/09/23
$1,775,000
2 Preston St, Worcester, MA 01610
29beds
10,170sqft
5+ Family - 5+ Units Up/Down
Built in 1910
-- sqft lot
$-- Zestimate®
$175/sqft
$2,877 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,877/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 10, 2023 at 04:52am
Listed by:
Kimberly Rickman 508-667-4931,
OWN IT, A 100% Commission Brokerage 508-667-4931
Bought with:
Brooke Coughlin
Byrnes Real Estate Group LLC
Source: MLS PIN,MLS#: 73097325
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 29
- Bathrooms: 10
- Full bathrooms: 10
Heating
- Natural Gas
Cooling
- None
Features
- Living Room, Kitchen, Laundry Room
- Flooring: Laminate, Hardwood
- Basement: Full,Interior Entry,Dirt Floor
- Has fireplace: No
Interior area
- Total structure area: 10,170
- Total interior livable area: 10,170 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
Lot
- Size: 3,049 sqft
- Features: Corner Lot
Details
- Parcel number: M:06 B:17C L:00044,1768374
- Zoning: RG-5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Brick
- Foundation: Block, Brick/Mortar
- Roof: Rubber
Condition
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Location
- Region: Worcester
HOA & financial
Other financial information
- Total actual rent: 18150
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2023 | Sold | $1,775,000-10.8%$175/sqft |
Source: MLS PIN #73097325 | ||
| 4/20/2023 | Listed for sale | $1,990,000$196/sqft |
Source: MLS PIN #73097325 | ||
| 4/18/2023 | Contingent | $1,990,000$196/sqft |
Source: MLS PIN #73097325 | ||
| 4/11/2023 | Listed for sale | $1,990,000+261.8%$196/sqft |
Source: MLS PIN #73097325 | ||
| 2/1/2017 | Sold | $550,000$54/sqft |
Source: Agent Provided | ||
Public tax history
Tax history is unavailable.
Neighborhood: 01610
Nearby schools
GreatSchools rating
- 5/10Jacob Hiatt Magnet SchoolGrades: PK-6Distance: 0 mi
- 4/10University Pk Campus SchoolGrades: 7-12Distance: 1 mi
- 3/10Doherty Memorial High SchoolGrades: 9-12Distance: 1 mi
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