15/15A King Philip Rd, Worcester, MA 01606
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$1,350,000
6 Unit
12 Beds
6 Baths
6306 SQFT
0.23 Acre

Property Description

Family retiring and selling their portfolio of 2 triple decker properties on one parcel - sold together! 5 of 6 units interiors remodeled. All units occupied-- 2 with leases and allother tenants as TAW. This is one of those rare opportunities to acquire a cash flowing property! 15 has three 3 bed units: 1-$1200/mo; 2-$1400/mo; 3-$1600/mo, and 15A has three 2 bed units: 1-$1500/mo; 2- $1400/mo; 3-$ 1500/mo. All units have upgraded heating systems (as of 11/2024). Front building: #1- gas central heat - furnace in basement; #2 and 3- electric baseboard. Rear building: #1 - gas central heat - furnace in basement; #2 - gas central heat - furnace in apartment kitchen closet; #3 - gas central heat - furnace in attic. 2nd and 3rd floor of #15 have recently replaced kitchen stoves. In details unit 1 is the front building (#15) and unit 2 is the rear (#15A).

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Building Information

  • Total Units: 6
  • Total Floors: 6
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Highway Access, Medical Facility, Public School, Shopping
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower
  • Common Appliances: Range, Refrigerator, Washer Hookup

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 83232
  • Gross Expenses: 41545
  • GSE: 188
  • Electric Expenses: 1434
  • Water/Sewer: 2183
  • INSC: 5209
  • Repairs & Maintenance: 32531
  • Net Operating Income: 41687

Utilities

  • Electric Info: 100 Amps, 220 Volts, At Street, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Electric Oven, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Levels: 3

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Levels: 3

Construction

  • Year Built: 1898
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73327537
  • Last Updated: 01/20/25

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Seller's Representative: Sue Gordon, Castinetti Realty Group
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 2025-01-20 10:07:00