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Home Massachusetts Worcester Multi-Family Homes for Sale

19 Ward Street Worcester, MA 01610

30 Days on Boston Pads
14 Photos
$1,100,000
6 Unit
12 Beds
6 Baths
5336 SQFT
0.08 Acre
19 Ward Street
Worcester, MA 01610

Property Description

Welcome to this incredible multi-family investment opportunity. Being just steps outside of Kelley Square and Downtown Worcester, the location of this property is everything. This area of Worcester is one of the fastest developing in Massachusetts. Hundreds of residential rentals are being developed within a mile of these units. Stand on the front porch and see the potential it has to offer in real time. 19 Ward Street is made up of 6 two-bedroom/1 bath units. Three units have been beautifully renovated, and rent has been stabilized. The other three units are in good condition but not renovated, creating an opportunity for an investor to add value and increase gross rental income. Clark University, Holy Cross and WPI are a few of the multiple colleges within 2-3 miles of the property. Polar Park is a newer addition the area which has brought entertainment, retail, restaurants and jobs to the area. New security camera system.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Highway Access, Laundromat, Medical Facility, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Unfinished Basement
  • Common Rooms: Family Room, Kitchen, Mudroom
  • Common Interior Features: Storage
  • Common Appliances: Dishwasher, Freezer, Microwave, Range, Refrigerator
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Heat Pump, Space Heater

Financial

  • APOD Available: No
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 112200
  • Gross Expenses: 25453
  • Net Operating Income: 86747

Utilities

  • Heat Zones: 6
  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Vinyl, Wall to Wall Carpet
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73223598
  • Last Updated: 04/16/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/16/2024Active$1,100,000$206MLSPIN
04/12/2024New$1,100,000$206MLSPIN

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Map & Resources

Seller's Representative: Melanie Zaharias, Zaharias Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 1%
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-04-16 15:20:00