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47 Blackstone River Rd, Worcester, MA 01607

9 Bed, 5 Bath Multi-Family Home For Sale

47 Blackstone River Rd, Worcester, MA 01607 House For Sale - MLS #72346268
Off the Market
$525,000
9
5
Multi-Family
5+ Family
6

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Property Description for 47 Blackstone River Rd, Worcester, MA 01607

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).

Interior Details

4,950 sq. ft.
$106.06/sq. ft.

Exterior Details

0.00 acres
1 sq. ft.
6

Other Details

72346268
1900

Units Description

Unit #1
Rooms: 8      Bedrooms: 3      Full / Half Baths: 2      Levels: 1      Floor: 2      Rent: $1,250     

Unit #2
Rooms: 7      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 3      Rent: $1,150     

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Town Description

Known as the "Heart of the Commonwealth," Worcester, Massachusetts with a population of 170,000 remains today what it has been for decades, New England's second largest city and site of a diverse and...

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