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438 Park Ave

Worcester, MA 01608
  • $749,000
  • STATUS: Active
  • MLS #: 72962059
UPDATED: 43 min ago
$749,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,957
    SQFT
  • $189
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Listing courtesy of James Kalogeropoulos of Re/Max Partners.

Description

What an amazing investment opportunity * This mixed-use building has yet to scratch the potential income * Commercial tenant paying $3,000.00 a month gross modified rent * Both residential tenants are tenants at will * Commercial unit has just been renovated by new tenant * Commercial tenant has signed a five-year lease with a five-year option to extend * Third floor apartment has been renovated within the last year * Seller has just recently paved the parking lot in the rear of the building.

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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. Data last updated 2022-07-01T21:09:27.437.
www.northcorners.com/homes/127384394
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438 Park Ave Worcester, MA 01608

  • Price: $749,000
  • Status: Active
  • On Site: Days
  • Updated: 43 min ago
  • MLS #: 72962059
0
Beds
0
Baths
0
½ Baths
0.14
Acres
3,957
SQFT
$189
$/SQFT
1900
Built
Neighborhood:
Other
County:
Worcester
Area:
Other
Property Description
What an amazing investment opportunity * This mixed-use building has yet to scratch the potential income * Commercial tenant paying $3,000.00 a month gross modified rent * Both residential tenants are tenants at will * Commercial unit has just been renovated by new tenant * Commercial tenant has signed a five-year lease with a five-year option to extend * Third floor apartment has been renovated within the last year * Seller has just recently paved the parking lot in the rear of the building.
Exterior Features

Parking Features 1-10 Spaces Parking Spaces 7 Roof Material Shingle Stories 3

Interior Features

Maf Building Sq Ft 0.00 Ref Building Sq Ft 2000.00 Rsf Building Sq Ft 2000.00 Total Building Sq Ft 3957.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 198100.00 Assessed Value Land 73100.00 Assessed Value Total 271200.00 Commercial Industrial Type Commercial Disclosure No Exchange No Gross Annual Expense 8915.00 Gross Annual Income 66900.00 Lease No Lender Owned No Mau Units 0 Net Operating Income 57985.00 Ofu Units 0 On File21 E No Reu Units 1 Rsu Units 2 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2021 Taxes 4415.13 Total Units 3 Utilities Public WaterPublic Sewer Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Bg-3

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of James Kalogeropoulos of Re/Max Partners.


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. Data last updated 2022-07-01T21:09:27.437.
 
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North Corners
80 Foster Street Unit 101
Peabody MA, 01960
Listing courtesy of James Kalogeropoulos of Re/Max Partners.