The Balestracci Group | Sutton Real Estate, Oxford Real Estate, Worcester Real Estate

423-431 Park Ave, Worcester, MA 01610  

Sale Price
Type of Comm.
Lot Size
Mixed Use in prime location. If you are looking to invest in Worcester, here is your chance. Great investment opportunity with potentially over $243K NOI. 8 Retail Storefronts, 10 3-4 bedroom apartments and 1 single family home with ample off-street parking (36 parking spots). Each apartment has a private porch and storage. Delead certificates for all apartments. Near Clark University, Worcester State University and great public schools. Approximately 1.5 miles from downtown Worcester. Long term tenants; historically strong occupancy.
Lot Size: 25,200.00
Acres: 0.58
Sale Price: $2,580,000
Settled Date: 2/20/2020 12:00:00 AM
List Price: $2,640,000
Type: Commercial
Type of Comm.: Commercial
Status: Sold
Restrooms: 19
Stories: 3
Buildings: 4
Total Units: 19
Units: 19
Total Sq. Ft.: 24,633
Year Built: 1920
Approx. GLA: 24,633
MLS#: 72311345
Elevator: No
Acres: 0.58
Lot Size: 25,200.00
Parking Spaces: 36
Parking Features: 21+ Spaces
Construction: Aluminum, Brick, Frame
Roof Material: Rubber
Sprinklers: Yes
Location: Urban, Public Transportation
Utilities: Public Water, Public Sewer, Natural Gas
Short Sale Lender Approval: No
Lender Owned: No
21E On File: Yes
Assessed Building Value: $1,025,000
Condo Assoc.: No
Assessed Land Value: $90,700
Exchange: No
Gross Annual Expenses: $114,376
Gross Annual Income: $357,513
Taxes: $21,098
Tax Year: 2018
Net Operating Income: $243,137
Book/Page: 53355/399
Lease Price Includes: Other (See Remarks)
Sublet: No
Total Assesed Value: $1,115,700
Zone Description: Legal Conforming
Retail Sq. Ft.: 8,000
Retail Units: 8
Residential Sq. Ft.: 16,633
Residential Units: 11
Exclusions: Some appliances belong to the tenants
Disclosure Declaration: Yes
Disclosure: This sale includes 5-A Pembroke St, single family home with 7 rms, 3 bds, 1.5 bths, 1633 sqft living area, This is included in the # of units & sqft. 2 of the 36 parking spots are reserved for the single family. Measurements are approx, buyer/buyer agent to verify. Taxes are for 423-431 Park Ave
For Lease: No
Lease Type: Other (See Remarks)
Space Available: For Sale
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The listing office is Keller Williams Realty Greater Worcester and the listing agent is Elizabeth Cruz. 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.