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Adam Dow

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

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73 Southgate St , Worcester, MA 01603
$753,000
Est. Payment: $1,673.33/mo
10 Bed
4 Bath
4087 Sqft
Status: Active | Days on site: 23
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AN8507 - TM351553
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House Description

Investment opportunity in Worcester! This mixed-use property currently features 3 residential units plus a former bar/commercial space. Two of the three apartments have been renovated, with current rents including a 3-bedroom at $2,600/month and a 2-bedroom at $1,800/month. The former bar is not currently operating and has undergone recent improvements. Plans are available proposing the conversion of the former bar into two additional 2-bedroom residential units. All projected numbers and future income potential are based on this proposed conversion. Conversion is subject to all required approvals, zoning, and permitting. Buyer/buyer’s agent to perform their own due diligence and verify feasibility, plans, rents, expenses, and development potential. Conveniently located near Polar Park, Union Station, Holy Cross, Clark University, I-290, Route 146, and the Mass Pike. Great value-add opportunity with existing rental income and potential for additional residential units.

Highlights

Listed by Mulryan and Maher Group , 508-713-2212 Lamacchia Realty, Inc. , 508-832-5324.

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1900

County

Worcester

Listing ID

73567595

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:4
  • Full Bathrooms:4
Water:Public

Exterior Features

Lot:Level
Garage Capacity:4
Zoning:Mixed USe
Sewer:Public Sewer
Parking Features:Parking Spaces: 4
Principal Interest
$1,673
Taxes
$485

Home Price

$753,000

Loan Details

30 yrs
%

Down Payment

20%
$150,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,673.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,673.33 $485.42 $0.00 $2,158.75
Yearly $20,080.00 $5,825.00 $0.00 $25,905.00
Total $602,400.00 $174,750.00 $0.00 $777,150.00

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.