Kim D'Elia - EXIT Realty Partners

50 Kingsbury St, Worcester, MA 01610

Multi-Family

$449,900
Price

10
Units
12,000
Approx. GLA
Investors take notice! Tremendous housing opportunity located near area colleges and university. Conversions plans of 15 units on hand. However, 10 units can possibly be created without adding to the existing structure. This property consists of two attached building along with a flat 5,000 sq ft empty lot for additional parking. The main red brick building consists of 3 floors with freight elevator access. The main floor is spacious and open with 2 egresses and garage bay. Can be easily converted to residential units or coin-op laundry room/storage. The second floor is currently utilized as office space including 5 large offices, restroom and equipped with central heating and AC and separate egress. The impressive third floor boasts a loft style open floor plan with hardwood floors, large windows and brick faced walls. This property has the potential of being a huge moneymaker. Call for a private showing today.
Open House
No scheduled Open Houses
Highlights
Basement Features: Full, Walk Out, Interior Access, Garage Access, Concrete Floor, Unfinished Basement
List Price: $449,900
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Active
Beds: 20
Baths: 10
Units: 10
Year Built: 1900
Approx. GLA: 12,000
MLS#: 72259455
 
Interior
Basement: Yes
Electric Features: 200 Amps
Flooring: Wood, Vinyl, Concrete, Varies Per Unit, Hardwood
Hot Water: Natural Gas
Rooms: 40
Lead Paint: Unknown
Total Floors: 3
UFFI: Unknown
Exterior
Water: No
Acres: 0.29
Lot Size: 12,500.00
Lot Description: Corner
Foundation: Granite, Slab
Garage Spaces: 1
Parking Spaces: 20
Parking Features: Off-Street
Road Type: Public, Paved, Publicly Maint., Sidewalk
Color: Red / Grey
Construction: Brick, Stone/Concrete, Block
Roof Material: Rubber
Utility: for Gas Range, for Electric Range
Exterior: Brick
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $298,300
Taxes: $9,823
Tax Year: 2017
Book/Page: 55260/365
Beach
Beach: No
Expenses
Gross Income: $24,000
Net Income: $24,000
 
Additional
Disclosure Declaration: Yes
Disclosure: Potential for residential conversion. units not in place. Rents are estimated. Plans available for conversion project. Property zoned mixed use. commercial financing needed.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 No 1 $1,100
Unit 2 4 2 0 1 1 0 No 1 $1,100
Map
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The listing office is Exit Realty Partners and the listing agent is Luis A. Garcia. 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 12/15/2017 4:05:00 PM.
 
Kim D’Elia
Kim D’Elia
Broker, Short Sale Specialist
EXIT Realty Partners