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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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106 Mill St , Worcester, MA 01603
$819,900
Est. Payment: $1,822.00/mo
9 Bed
5 Bath
3632 Sqft
Status: Active | Days on site: 61
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AN3002 - K9502176
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House Description

Exceptional Worcester investment opportunity offering strong existing income and future value-add potential! Generating approximately **$108,000 in annual gross income, including income from the detached garage**, this substantial multifamily offers more than **3,600 sq. ft. of living area**, 5 baths and a flexible layout providing multiple income-producing spaces. The detached two-car garage is currently rented for **$500 per month**, contributing to the property's overall income. Converted from oil to **natural gas**, the property also offers an impressive **9 off-street parking spaces**—a valuable feature for a multifamily investment. Situated on an oversized **15,026± sq. ft. lot bordering two streets**, the property may offer intriguing possibilities for future expansion, subdivision or other value-add opportunities, subject to buyer due diligence and all required municipal approvals. Additional features include a full basement with workshop and storage space, two enclosed three-season porches offering additional usable space, hardwood flooring in portions of the property, and a generously sized backyard. Located in Worcester's **Webster Square area**, the property is conveniently situated **near Coes Pond and its recreational amenities**, while also providing easy access to shopping, restaurants, parks, public transportation and major commuter routes. With strong current income, abundant parking, a substantial lot and opportunities to further enhance the property over time, this is an outstanding opportunity for an investor looking to add an income-producing Worcester multifamily to their portfolio. **Invest now, generate income today, and explore the possibilities for tomorrow!**

Highlights

Listed by Carlena Desmond , 508-685-0223 Lamacchia Realty, Inc. , 508-425-7372.

Property Type

Multi-Family

Lot/Acreage
0.34

Year Built

1920

County

Worcester

Area

Webster Square

Listing ID

73551599

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:5
  • Full Bathrooms:5
Floor:Wood,Vinyl,Laminate
Water:Public

Exterior Features

Lot:Level
Garage Capacity:9
Zoning:RL-7
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved Drive,Off Street,Parking Spaces: 9
Principal Interest
$1,822
Taxes
$702

Home Price

$819,900

Loan Details

30 yrs
%

Down Payment

20%
$163,980
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Monthly Price:
$1,822.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,822.00 $701.58 $0.00 $2,523.58
Yearly $21,864.00 $8,419.00 $0.00 $30,283.00
Total $655,920.00 $252,570.00 $0.00 $908,490.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Worcester, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.