21 Dix Street

Worcester, MA, 01609

$3,335,000

$149 per ft²
$3,335,000
$149 per ft²
Active
Active
 - For Sale
beds
42 Beds
baths
21 Baths
carpenters-square
22,302 ft²
property_type
Multi-family
calendar
Built 1900
4-building / 11-apartment portfolio located in Worcester, Massachusetts. The portfolio contains (3) 3-unit properties and (1) 2-unit property. The entirety of the portfolio is a five minute walk to WPI's campus and are currently rented out by WPI undergrad/grad students. All four properties have a recently updated kitchens and bathrooms as well as newer roofs and siding that are less than 10 years old. The entirety of the portfolio contains gas heating with individual high efficiency heating systems in two of the four properties with all separate utilities responsible by the tenant with off-street parking and laundry available. Investors can expect a net income over $200k and a 6+% cap rate based on the in-place income with 100% occupancy in a highly demanded area of Worcester. Properties can be bought with 2nd portfolio listed at MLS 73008464 or can be bought individually.
MLS® ID:
73015439
Listed:
7/20/22
Updated:
10/2/22
Mathieu Newton Sotheby's International Realty
Maria Romero Vagnini

Interior Features

Kitchen Appliances
Gas Water Heater
Total Bedrooms
42
Full Bathrooms
21

Exterior/Building Features

Lot Size
0.46 acres lot
Sewer
Public Sewer

Other Property Details

Taxes
$22120
Tax Frequency
per YEAR
HOA Amenities
Public Transportation, Park, Walk/Jog Trails, Laundromat, Highway Access, Private School, Public School, University
Garage
No
Parking
Paved Drive
Parking Total
11.0
View
N
County
Worcester
Water Source
Public
Pool
No
Total Stories
3
Zoning
RG-5

 

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

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Data last updated 3:55 PM UTC, 10/2/22

Mathieu Newton Sotheby's International Realty
Maria Romero Vagnini
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