12 Channing Street

Worcester, MA, 01605

$3,600,000

$172 per ft²
$3,600,000
$172 per ft²
Active
Active
 - For Sale
beds
46 Beds
baths
21 Baths
carpenters-square
20,877 ft²
property_type
Multi-family
calendar
Built 1900
6-building / 20-apartment portfolio located in Worcester, Massachusetts. The portfolio contains (5) 3-unit properties, and (1) 5 Unit property with the entirety of the buildings being rented to Section-8 tenants. The properties have an attractive unit mix of studio, one, two, three and four bedrooms. All properties but 12 Channing St contain full lead compliance letters as well as recent renovated kitchens, baths, plumping and electrical throughout. In addition, all the roofs on the properties are 15 years old or newer. Each building has separate high-efficiency utilities responsible by the tenants, off-street parking and laundry. Investors can expect a net income of over $260k+ and a 7.39% cap rate based on the current in place income with 100% occupancy. Properties can be bought with 2nd portfolio at MLS 73015439 or individually.
MLS® ID:
73008464
Listed:
6/13/22
Updated:
10/2/22
Mathieu Newton Sotheby's International Realty
Maria Romero Vagnini

Interior Features

Total Bedrooms
46
Full Bathrooms
21
Laundry Description
Laundry Room

Exterior/Building Features

Lot Size
1.06 acres lot
Sewer
Public Sewer

Other Property Details

Taxes
$30303
Tax Frequency
per YEAR
HOA Amenities
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, University
Garage
No
Parking
Paved Drive, Off Street
Parking Total
20.0
View
N
County
Worcester
Water Source
Public, Individual Meter
Pool
No
Total Stories
4
Zoning
RG-5

Property History

Date
Event
Price
Value
8/31/22
Price Change
$3,600,000
-9%
7/21/22
Price Change
$3,997,000
-49%

 

Courtesy of Matthew Pierce, Marcus & Millichap Real Estate Investment Services

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Data last updated 4:41 PM UTC, 10/2/22

Mathieu Newton Sotheby's International Realty
Maria Romero Vagnini
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