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64 Highland St / 4 Dean St

Worcester, MA 01609
  • $2,300,000
  • STATUS: Active
  • MLS #: 72989015
UPDATED: 67 min ago
$2,300,000
  • 5
    BEDS
  • 0.16
    ACRES
  • 5
    BATHS
  • 1
    1/2 BATHS
  • 5,191
    SQFT
  • $443
    $/SQFT
Neighborhood:
Wpi
Type:
Multi-Family
Built:
1914
County:
Area:
Wpi

School Information

High School:
Listing courtesy of Karynsue Marchione-Reilly of Park Place Realty Enterprises.

Description

High Revenue Generated Income Property! This Rare Commercial/Residential Mixed Use Property is in the WPI Location and close to WSU, Assumption College, MCPH, (College Central), Courthouse and Union Station-Train Station. All Major Rtes. 290, 190, Rte 20, 146 &122 as well as Worcester Airport operated by Mass Port. A very well maintained 4 unit- the property currently generates $120,792.00 with an additional income available from a finished office space in lower level that is carpeted, HVAC, plastered walls and full tiled bathroom. The Commercial unit is leased by a Dental Office on 64 Highland Street with 3 yrs. remaining on the lease and an option to renew the Dental Office Lease. All 3 apartments are leased (TAW) and have wonderful tenants. Location is on the corner of Highland and Dean Street, Location is everything!!!Lead Paint Certificates available on all units! Dentist is triple net rent!

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-12-02T00:05:40.377.
www.welchmanrealestate.com/homes/129315858
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64 Highland St / 4 Dean St Worcester, MA 01609

  • Price: $2,300,000
  • Status: Active
  • On Site: Days
  • Updated: 67 min ago
  • MLS #: 72989015
5
Beds
5
Baths
1
½ Baths
0.16
Acres
5,191
SQFT
$443
$/SQFT
1914
Built
Neighborhood:
Wpi
County:
Worcester
Area:
Wpi
High School:
Doherty High
Property Description
High Revenue Generated Income Property! This Rare Commercial/Residential Mixed Use Property is in the WPI Location and close to WSU, Assumption College, MCPH, (College Central), Courthouse and Union Station-Train Station. All Major Rtes. 290, 190, Rte 20, 146 &122 as well as Worcester Airport operated by Mass Port. A very well maintained 4 unit- the property currently generates $120,792.00 with an additional income available from a finished office space in lower level that is carpeted, HVAC, plastered walls and full tiled bathroom. The Commercial unit is leased by a Dental Office on 64 Highland Street with 3 yrs. remaining on the lease and an option to renew the Dental Office Lease. All 3 apartments are leased (TAW) and have wonderful tenants. Location is on the corner of Highland and Dean Street, Location is everything!!!Lead Paint Certificates available on all units! Dentist is triple net rent!
Exterior Features

Color Graze Construction Materials Frame Covered Spaces 0 Exterior Features Professional Landscaping Frontage Length 150.00 Garage YN No Lot Features Corner LotLevel Open Parking YN Yes Parking Features Off StreetOn StreetDrivewayPaved Parking Total 8 Road Responsibility Public Maintained Road Road Surface Type Paved Roof Shingle View City View(S)Scenic View(S) View YN Yes Waterfront YN No

Interior Features

Appliances WasherDryerUnit 2(RangeDishwasherDisposalRefrigerator)Unit 3(RangeDisposalMicrowaveRefrigerator)Unit 4(RangeDishwasherDisposalRefrigerator)Electric Water HeaterTank Water HeaterUtility Connections For Electric RangeUtility Connections For Electric OvenUtility Connections For Electric Dryer Basement FinishedWalk-Out AccessInterior EntryConcrete Building Area Total 5191 Cooling Unit 1(Central Air)Unit 3(Central Air) Cooling Units 3 Cooling YN Yes Cooling Zones 3 Door Features Insulated Doors Fireplace YN No Fireplaces Total 0 Flooring TileCarpetHardwoodTile FloorHardwood FloorsStone/Ceramic Tile FloorUnit 1(Undefined)Unit 2(Tile FloorHardwood FloorsWall To Wall CarpetStone/Ceramic Tile Floor)Unit 3(Hardwood FloorsWall To Wall CarpetStone/Ceramic Tile Floor)Unit 4(Hardwood FloorsWall To Wall CarpetStone/Ceramic Tile Floor) Foundation Details Stone Heat Units 5 Heat Zones 5 Heating Unit 1(Forced AirGas)Unit 2(Forced AirHot Water BaseboardGas)Unit 3(Hydro Air)Unit 4(Forced AirGas) Heating YN Yes Interior Features Unit 1(Lead Certification Available)Unit 2(Lead Certification AvailableCrown MoldingUpgraded CabinetsUpgraded CountertopsBathroom With Tub & ShowerOpen Floor PlanInternet Available - Unknown)Unit 3(Ceiling FansCathedral/Vaulted CeilingsLead Certification AvailableUpgraded CabinetsUpgraded CountertopsBathroom With Tub & Shower)Unit 4(Ceiling FansCathedral/Vaulted CeilingsLead Certification AvailableUpgraded CabinetsUpgraded CountertopsBathroom With Tub & ShowerOpen Floor Plan) Laundry Features Laundry Room Lead Paint NoneCertified Treated Rooms Total 26 Window Features Insulated WindowsScreens

Property Features

Accessibility Features Handicap AccessUnit 1 Handicapped Equipped Buyer Agency Compensation 2 Community Features Public TransportationShoppingParkHighway AccessPrivate SchoolPublic SchoolT-StationUniversity Electric Circuit Breakers100 Amp Service200+ Amp Service Electric Expense 2400 Gross Income 119592 Home Warranty YN No Insurance Expense 3000 Listing Terms Seller W/Participate Net Operating Income 105540 Operating Expense 14052 Property Sub Type 4 Family - 4 Units Up/Down Rent Includes Unit 1(Water)Unit 2(Water)Unit 3(Water)Unit 4(Water) Senior Community YN No Sewer Public Sewer Tax Annual Amount 7775 Tax Year 2022 Total Actual Rent 9966 Transaction Broker Compensation 1 Utilities For Electric RangeFor Electric OvenFor Electric Dryer Water Sewer Expense 900 Water Source Public Year Built Details Renovated Since Year Round Yes Zoning Bl-1

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Karynsue Marchione-Reilly of Park Place Realty Enterprises: 508-450-0030.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-12-02T00:05:40.377.
 
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Listing courtesy of Karynsue Marchione-Reilly of Park Place Realty Enterprises.