$2,950,000 ($195.69 per sqft)

Est. Mortgage $14,531/mo *

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2 Henchman St, Worcester, MA, 01605

2 Henchman St, Worcester, MA, 01605

59 rooms

33 beds

13 Full baths

1900

15,075 sqft

Henchman & Moen, consists of three adjoining multi-family investment properties located at 2 & 2 ½ Henchman Street and 8 Moen Street in Worcester, MA (the“Property”). This well-maintained 13-unit property consists of six 2-bedroom/1-bathroom units and seven 3-bedroom/1-bathroom units, totaling 15,075 sq. ft. of living space on a 0.26-acre parcel. 11 of the 13 units have been extensively renovated with new kitchens, bathrooms, and flooring. All units have lead certificates and are separately metered for heat, hot water, and electricity, which are paid directly by the tenants. The property also features an on-site laundry facility and three parking spaces. The opportunity exists to increase rents in the renovated units and implement programmatic upgrades to the remaining two unrenovated units to maximize rental income. The property is steps from Downtown Worcester, WPI and UMass Memorial Medical Center. This is an excellent investment opportunity in one of MA’s most dynamic markets.


Status:

Active

Type:

Multi-family

Units:

13

Zoning:

RG-5

Levels:

8

Parking:

3-car

Acreage:

0.26

Est. Taxes:

$21,475

Assessment

$1,561,800

Lot Description:

Corner Lot

MLS #:

73315510

Compensation Based On:

Net Sale Price

Sub-Agency Relationship Offered:

No


Community Info

School Info

Walk Score

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Listing courtesy of Ethan Lazar, Horvath & Tremblay Phone: 781-776-4000