47 Blackstone River Rd,  Worcester MA, 01607 (Residential Income)

9 beds , 5 Full baths
Status: Active
MLS#: 72346268
1of
Full Screen Photos
Photos
Map
Last Updated: 12/17/2018 12:39 PM
Description for 47 Blackstone River Rd Worcester, MA 01607
9.31% cap rate! Over 15% cash-on-cash returns! - 47 Blackstone River Road is located in the North Quinsigamond Village area of Worcester, Massachusetts. The 6 unit mixed-use building is comprised of 4 apartments, including a (1) 3-bedroom 2-bath and (3) 2-bedroom 1-bath apartments, along with a long-term restaurant and office space. The building is nearly 5000 square feet on just and includes many improvements including a new roof, gutters, windows, plumbing and electrical. Additionally, off street parking is available for tenants. Buyers have the ability to acquire a cash-flowing, turn-key asset that requires minimal management at 8.5% cap rate with double-digit returns and significant upside. The large lot has the potential to expand the building and add additional units and converting office into an apartment; still allowing enough space for parking. In addition, the owner is selling the 26,000 square foot lot next door (37 Blackstone River Rd).
Price
$525,000
Worcester
9
5 Full
72346268
Active
Description
9.31% cap rate! Over 15% cash-on-cash returns! - 47 Blackstone River Road is located in the North Quinsigamond Village area of Worcester, Massachusetts. The 6 unit mixed-use building is comprised of 4 apartments, including a (1) 3-bedroom 2-bath and (3) 2-bedroom 1-bath apartments, along with a long-term restaurant and office space. The building is nearly 5000 square feet on just and includes many improvements including a new roof, gutters, windows, plumbing and electrical. Additionally, off street parking is available for tenants. Buyers have the ability to acquire a cash-flowing, turn-key asset that requires minimal management at 8.5% cap rate with double-digit returns and significant upside. The large lot has the potential to expand the building and add additional units and converting office into an apartment; still allowing enough space for parking. In addition, the owner is selling the 26,000 square foot lot next door (37 Blackstone River Rd).
Listing Information
Property Type: Multi-Family, 3+ Story
9 5 Full
15 1900 5
6 Total
Neighborhood
Room Information
Bathrooms
5
Interior Features
Basement
3
Exterior / Lot Features
6
Financial Considerations
$7,900
2017
Listing Price History

Worcester Real Estate

Worcester is located in Massachusetts. Worcester, Massachusetts 01607 has a population of 184,815.

The median household income in Worcester, Massachusetts 01607 is $46,105. The median household income for the surrounding county is $65,453 compared to the national median of $53,482. The median age of people living in Worcester 01607 is 33.5 years.

Loading nearby sales and history ...
Courtesy: Marcus & Millichap Real Estate Investment Services
This content last refreshed on 12/17/2018 12:39 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
My Drive Time
Enter your work address to view actual drive times with traffic for this property

No    Yes

Calculate & Save Calculating ...
Calculating ...
Here is the weekday INRIX Drive Time from this property to .

When you register, you will receive ...

Weekday drive times
Plus all these great features

  • Drive Time calculations that inform you about traffic conditions from the property you are interested in to your place of work, along with driving directions.
  • Automatic Drive Time calculations for every property. Simply enter your work address to start.
  • Access to INRIX Drive Time data that is used by Garmin, Pioneer, Toyota, and many other well-known companies.
  • Other benefits from being a registered user including: saved properties, saved searches, price alerts, notes, direct access to your agent and much more!

Register or login today to take advantage of Drive Time
Nearby homes for sale
Recent sales nearby