Address
19 Ward Street, Worcester, MA
Price
$ 1,100,000
Property Attributes
- MLS#73223598
- TypeMulti-Family
- CountyWORCESTER
- CityWorcester
- Zip01610
- Style5-9 Family
- Year Built1900
- Taxes$ 8474
- Price$ 1,100,000
- Bedrooms12
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage5336
- Lot Size3,485 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
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.
| Price History | |
|---|---|
| 4/12/2024 | Listed $1,100,000 |
General Features
| Interior Features | Storage,Mudroom,Kitchen,Family Room |
|---|---|
| Sewer | Public Sewer |
| Heating | Electric,Natural Gas |
| Utilities | for Gas Range,for Electric Range |
| Roof | Shingle |
| Appliances | Range,Dishwasher,Microwave,Refrigerator,Freezer |
| Zoning | multi fam |
| Patio/Porch Features | Porch |
| Construction Materials | Frame |
| Year Built | 1900 |
| Electric | Circuit Breakers |
| Property SubType | 5-9 Family |
| Tax Year | 2023 |
| Gross Income | 112200 |
| Community Features | Public Transportation,Shopping,Medical Facility,Laundromat,Highway Access,Public School,T-Station,University |
| County | Worcester |
| Net Operating Income | 86747 |
| Operating Expense | 25453 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Rent Includes | Unit 1(Water),Unit 2(Water),Unit 3(Water),Unit 4(Water) |
| Total Rooms | 30 |
| Status | Active |
| Directions | Turn right onto Vernon Street off of Rt 290 East. Turn right on Dorcester st,Turn right on Ward st |
| City | Worcester |
| Disclosures | Plenty of street parking. Some current tenants rent parking spaces from the neighboring lot owner. |
| Senior Community Y/N | No |
| Total Units | 6 |
| Lot Size Square Feet | 3484 |
| Waterfront Y/N | No |
| Street Name | Ward Street |
| Year Built Details | Approximate |
| Tax Annual Amount | 8474 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 598400 |
| Tax Lot | 00005 |
| Total Actual Rent | 9350 |
| Compensation Based On | Gross/Full Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Unfinished |
|---|---|
| Flooring | Vinyl,Carpet,Laminate |
| Total Stories | 9 |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Full Baths | 6 |
| Total Bedrooms | 12 |
| Total Baths | 6 |
Exterior Features
| Lot Features | Level |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.08 |
| Foundation Details | Concrete Perimeter |
| Spa | No |
| Building Area Total | 5336 |
| Lot Size Acres | 0.08 |
| Road Surface Type | Paved |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01610
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - 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
