This Property is No Longer Available
108 Pilgrim Ave, Worcester, MA 01604
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$685,000
*Sale Price
3 Unit
7 Beds
3 Baths
2808 SQFT
0.14 Acre

Property Description

Location! Location! Location! A fantastic investment opportunity. Each of the 3 units is equipped with a new hot water tank, and the property currently generates a solid $5,400 monthly rental income, with potential for higher returns. Set on a 6,000 sq.ft. lot with 2,208 sq.ft. of living space, it provides ample room for tenants. With plenty of parking on a quiet one-way street and a solid condition.making it perfect for investors looking to maximize cash flow. The generous number of rooms and bedrooms allows for flexible rental options, increasing potential rental income. This property is low-maintenance and ready for new ownership. The size and layout make it perfect for families or groups, further enhancing its rental appeal. Whether you're an experienced investor or new to real estate, this property presents a fantastic opportunity to build wealth through cash flow and property appreciation. Don’t miss out on securing an investment in a thriving area with solid growth potential!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Basement Features: Garage Access, Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 64800
  • Gross Expenses: 4100
  • Water/Sewer: 1500
  • INSC: 2600
  • Net Operating Income: 60700

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows, Storm Windows
  • Utility Connections: for Electric Range
  • 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: No
  • Floors: 2

Unit 3 Description

  • Under Lease: No
  • Floors: 3

Construction

  • Year Built: 1965
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73292311
  • Last Updated: 11/06/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/06/2024Sold$685,000$244MLSPIN
10/08/2024Under Agreement$649,000$231MLSPIN
09/23/2024Active$649,000$231MLSPIN
09/19/2024New$649,000$231MLSPIN

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Map

Seller's Representative: Zhichao Chen, Space Realty
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 2024-11-06 12:06:00

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