216 Park Avenue, Worcester, MA 01609
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$1,199,900
3 Unit
15 Beds
5 Baths
4519 SQFT
0.56 Acre

Property Description

Great opportunity. Tap into the highly profitable rental market with this home located just a five-minute walk to WPI. Centrally located three family dwelling on a half-acre plus lot, across from Price Chopper and Elm Park. The lot has 238 feet of frontage and includes a paved parking lot for at least 10 cars. On park Ave bus line. Excellent rental income. Many Updates and separate utilities including owner's electrical panel, central heating, central Ac, sprinkle system and laundry in the building.. Fully finished lower level. Walking distance to all amenities including schools, markets and local restaurants.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 15
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Other (See Remarks), Park, Private School, Public School, Public Transportation, Shopping, University, Walk/Jog Trails
  • Basement Features: Full
  • Common Interior Features: Tile Floor
  • Common Heating: Central Heat, Electric
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Gross Operating Income: 152580

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73278557
  • Last Updated: 09/06/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/19/2024Active$1,199,900$266MLSPIN
08/15/2024New$1,199,900$266MLSPIN
12/20/2022Sold$640,000$182MLSPIN
11/30/2022Under Agreement$699,900$199MLSPIN
11/21/2022Active$699,900$199MLSPIN
11/17/2022Price Change$699,900$199MLSPIN
10/02/2022Active$719,900$205MLSPIN
09/28/2022Price Change$719,900$205MLSPIN
09/11/2022Active$749,900$213MLSPIN
09/07/2022New$749,900$213MLSPIN

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Seller's Representative: Christina Kelly, ALL CAPITAL REALTY, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-09-06 19:25:00