RE/MAX Advantage I

148 Millbury St, Worcester, MA 01610

Commercial

$1,199,000
Price

1
Buildings
5+ Residential
Type of Comm.
7,983.00
Lot Size
AMAZING Investment Opportunity to own A Money Maker STEPS TO POLAR PARK @ Kelley Square!! This building consists of 8 Residential units & 1 Oversize Retailed Space with a 25+ Year Establishment (NNN lease responsible for 1/3 taxes) & A Tremendous amount of Paved Driveway Parking! Lots of Renovations Just Complete that include Electrical, Plumbing, Painting, Flooring, Appliances, Windows, New Laundry Room, Security Cameras, Insulation etc...This Building is Fully Rented w/ TONS of Potential for Rental increases to Increase Cash Flow! All utilities are separate and tenants pay their own. Clean & Spacious common areas w/ Exterior Porches w/ Great Views! Group Showing Saturday August 8th from 12-1:30pm!!
Open House
No scheduled Open Houses
Highlights
Lot Size: 7,983.00
Acres: 0.18
List Price: $1,199,000
Type: Commercial
Type of Comm.: 5+ Residential
Status: Active
Restrooms: 10
Stories: 3
Buildings: 1
Total Units: 9
Units: 9
Total Sq. Ft.: 11,500
Year Built: 1920
Approx. GLA: 11,500
MLS#: 72701519
Exterior
Acres: 0.18
Lot Size: 7,983.00
Parking Spaces: 15
Parking Features: Paved Driveway
Site Condition: Level
Location: Downtown, Park, Highway Access, Public Transportation
Utilities: Public Water, Public Sewer
Taxes
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $407,200
Assessed Land Value: $137,300
Exchange: No
Gross Annual Income: $105,789
Taxes: $9,257
Tax Year: 2020
Book/Page: 59852/93
Sublet: No
Total Assesed Value: $544,500
Zone Description: Other (See Remarks)
 
 
Features
Retail Sq. Ft.: 5,000
Retail Units: 1
Residential Sq. Ft.: 6,500
Residential Units: 8
 
 
Additional
Disclosure Declaration: No
For Lease: Yes
Lease Type: Triple Net Lease (NNN)
Space Available: For Sale
The listing office is RE/MAX Advantage 1 and the listing agent is Daniel DiRoberto. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
 
Daniel DiRoberto
Daniel DiRoberto
Team Leader, REALTOR®
RE/MAX Advantage I
UA-48081509-1