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Lantern Residential

info@lanternresidential.com +1(617) 207-1974

$ 980,000

Est. payment -/mo

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Pending

40-42 Merrifield St Worcester, MA 01605

12 Beds

4 Baths

4,770 SqFt

UPDATED:

10/30/2024 07:30 AM

Key Details

Property Type Multi-Family

Sub Type 4 Family - 4 Units Up/Down

Listing Status Pending

Purchase Type For Sale

Square Footage 4,770 sqft

Price per Sqft $205

MLS Listing ID 73304804

Bedrooms 12

Full Baths 4

Year Built 2024

Annual Tax Amount $7,261

Tax Year 2024

Lot Size 9,147 Sqft

Acres 0.21

Property Description

Discover an exceptional investment opportunity with this fully renovated 4-family rental property situated on a desirable corner lot in Worcester! This property boasts modern upgrades throughout, including all new mechanical systems—plumbing, electrical, and heating. Each unit features energy-efficient tankless on-demand hot water heaters, along with stylish quartz countertops and stainless steel appliances, ensuring both comfort and luxury for tenants. Currently, three units are vacant and ready for new tenants, making it ideal for an investor looking to maximize rental income. The top-floor unit is already generating $2,300 per month, providing a strong foundation for your investment. Additional highlights include off-street parking for six cars, a rare convenience in the area. This property is strategically located near Worcester's largest hospitals and a variety of popular restaurants, making it appealing to potential renters.

Location

State MA

County Worcester

Zoning RG-5

Direction East of Route 290 located off of Shrewsbury Street

Interior

Flooring Vinyl

Laundry Electric Dryer Hookup

Exterior

Fence Fenced

Community Features Public Transportation, Park, Medical Facility, Highway Access, Public School, Sidewalks

Utilities Available for Gas Range, for Electric Dryer

Waterfront false

View Y/N Yes

View City View(s)

Roof Type Shingle

Parking Type Off Street

Total Parking Spaces 6

Garage No

Building

Lot Description Corner Lot

Story 10

Foundation Block, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Young Realty Group, LLC

Lantern Residential

Brokerage | License ID: 423866

+1(617) 207-1974

Lantern Residential

40-42 Merrifield St Worcester, MA 01605

Key Details

Location

Interior

Exterior

Building

Others

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40-42 Merrifield St