Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

73 Southgate St

Worcester, MA ID #73567595

Property Description

Investment opportunity in Worcester! This mixed-use property currently features 3 residential units plus a former bar/commercial space. Two of the three apartments have been renovated, with current rents including a 3-bedroom at $2,600/month and a 2-bedroom at $1,800/month. The former bar is not currently operating and has undergone recent improvements. Plans are available proposing the conversion of the former bar into two additional 2-bedroom residential units. All projected numbers and future income potential are based on this proposed conversion. Conversion is subject to all required approvals, zoning, and permitting. Buyer/buyer’s agent to perform their own due diligence and verify feasibility, plans, rents, expenses, and development potential. Conveniently located near Polar Park, Union Station, Holy Cross, Clark University, I-290, Route 146, and the Mass Pike. Great value-add opportunity with existing rental income and potential for additional residential units.

Additional Details

  • Status: NEW
  • Type: Multi-Family, Quadruplex
  • Zip Code: 01603
  • Taxes: 5,825
  • Levels: 3
  • Acres: 0.12

Parking

  • Garage Capacity: 4
  • Parking Spaces: 4

Rooms/Dimensions

  • Total Units: 4
  • Total Floors: 3
  • Total Rooms: 15

Location

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73 Southgate St, Worcester, MA

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Mulryan and Maher Group of Lamacchia Realty, Inc.. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.