$1,325,000
$1,200,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
11 Ashton St Worcester, MA 01605
12 Beds
6 Baths
5,292 SqFt
Key Details
Sold Price $1,325,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,292 sqft
Price per Sqft $250
MLS Listing ID 73214734
Sold Date 05/20/24
Bedrooms 12
Full Baths 6
Year Built 1920
Annual Tax Amount $9,551
Tax Year 2024
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type 5-9 Family
Property Description
This well-maintained 6-unit property consists of six spacious 2-bedroom/1-bathroom units, totaling 5,292 sq ft of living space. Notably, all units are separately metered for heat, hot water, electricity, and air conditioning. Five of the six units have undergone extensive renovations, featuring granite countertops, stainless steel appliances, new bathrooms, and modern finishes. The property boasts a large parking lot accommodating more than 10 cars comfortably. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $10,000 monthly. The unrenovated unit currently earns well below market rent, and the lease is currently tenant-at-will, allowing for the efficient transition to market rent. Centrally located, it's within a short drive of WPI, Assumption University, and all downtown amenities. Additionally, it's within walking distance from UMass Memorial Hahnemann Family Medical Center. Listed at a 7.74% cap rate.
Location
State MA
County Worcester
Zoning RG-5
Direction Use GPS
Rooms
Basement Full
Interior
Heating Forced Air, Central
Cooling Central Air
Exterior
Community Features Public Transportation, Medical Facility, Highway Access, Public School, University
Total Parking Spaces 12
Garage No
Building
Story 9
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Read Less
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Bought with Daniel DiRoberto • The DiRoberto Group Inc.