5 Massasoit Rd, Worcester, MA 01604
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$599,900
3 Unit
4 Beds
3 Baths
4112 SQFT
0.09 Acre

Property Description

**BACK ON MARKET; previous buyer unable to secure financing giving you a second chance at this great property!** Entrepreneurs and investors, this one's for you! This mixed-use building in the heart of Worcester is a dynamic blend of commercial and residential space. A newly vacant commercial unit is a blank canvas; transform the space to suit your specific needs. Formerly utilized for food service so can be easily revamped for the same or redesigned into countless possibilities for a new venture. Bring your business plans to fruition while having the added bonus of an additional $3,575 revenue from the residential units above. Well-maintained, spacious 2 bedroom units have in-unit laundry and separate utilities. Location is second to none within close proximity to highway access, Polar Park, and colleges. Now is the time to seize this opportunity and make your mark!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Tile Floor
  • Common Appliances: Dryer, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Electric, Extra Flue, Forced Air, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Oil, Space Heater
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated
  • Gross Operating Income: 72900
  • Gross Expenses: 9738
  • Electric Expenses: 240
  • Repairs & Maintenance: 720
  • Management Fee: 2376
  • Net Operating Income: 63162

Utilities

  • Heat Zones: 3
  • Cooling Zones: 1
  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Dryer, for Gas Oven, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73266036
  • Last Updated: 11/19/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/19/2024Extended$599,900$146MLSPIN
11/19/2024Active$599,900$146MLSPIN
11/15/2024Back on Market$599,900$146MLSPIN
09/23/2024Under Agreement$599,900$146MLSPIN
09/09/2024Contingent$599,900$146MLSPIN
09/07/2024Active$599,900$146MLSPIN
09/03/2024Back on Market$599,900$146MLSPIN
08/23/2024Under Agreement$599,900$146MLSPIN
08/06/2024Active$599,900$146MLSPIN
08/02/2024Back on Market$599,900$146MLSPIN
07/22/2024Under Agreement$599,900$146MLSPIN
07/21/2024Active$599,900$146MLSPIN
07/17/2024New$599,900$146MLSPIN
08/26/2022Sold$470,400$103MLSPIN
02/02/2021Under Agreement$499,999$110MLSPIN
02/02/2021Reactivated$499,999$110MLSPIN
01/16/2021Expired$499,999$110MLSPIN
01/11/2021Contingent$499,999$110MLSPIN
07/29/2020Active$529,000$116MLSPIN
07/29/2020Active$499,999$110MLSPIN

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Seller's Representative: Jim Black Group, Real Broker MA, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-11-19 13:59:00

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