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  • $1,070,000

    5 Palm St, Worcester, MA 01604

    8beds
    5,600sqft
    5-9 Family
    Built in 1925
    -- sqft lot
    $1,093,900 Zestimate®
    $191/sqft
    $-- HOA

    What's special

    Incredible investment opportunity! Rare, well maintained 7 unit property with just under an 8% cap rate and a monthly rent roll of $9,900 with room for growth. (4) 1-bedroom units, (2) 2-bedroom units, (1) 2 story 2-bedroom cottage 9230 square feet on .26 acre lot. All units are separately metered and tenants pay their own utilities. The location is hard to beat being minutes to all major highways, the train station, airport, restaurants, shopping, hospitals, colleges/universities and Polar Park making it an ideal location for all tenants and for APPRECIATION! Group showing Sunday June 4th 11am-2pm. Investors, you won’t want to miss this!** View Offer Memorandum in attached documents for further details.

    Zillow last checked: 7 hours ago

    Listing updated: August 05, 2023 at 12:10pm

    Listed by:

    Benjamin Carbone,

    Byrnes Real Estate Group LLC,

    Brooke Packard

    Bought with:

    George Bahnan

    Top View Realty

    Source: MLS PIN,MLS#: 73115091

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    • Full bathrooms: 7
    • 1/2 bathrooms: 1
    Appliances
    • Laundry: Washer Hookup
    Features
    • Flooring: Wood, Vinyl
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 5,600
    • Total interior livable area: 5,600 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Enclosed
    • Exterior features: Storage
    Lot
    • Size: 0.26 Acres
    • Features: Corner Lot
    Details
    • Parcel number: M:18 B:003 L:00196,1780074
    • Zoning: RG-5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5-9 Family
    Materials
    • Frame
    • Foundation: Stone
    • Roof: Shingle
    Condition
    • Year built: 1925

    Utilities & green energy

    • Electric: Varies per Unit
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: for Gas Range, Washer Hookup, Varies per Unit

    Community & neighborhood

    Community
    • Community features: Public Transportation, Shopping, Golf, Medical Facility, Highway Access, Private School, Public School, University
    Location
    • Region: Worcester

    HOA & financial

    Other financial information
    • Total actual rent: 9900
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,093,900

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,093,900