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399 Lake Ave Worcester MA 01604 | 73101567

There are multiple listings for this address:
Rare opportunity to own a five unit building in the sought-after Lake Park Area* Two studio units* Three 2 bedroom units* One studio unit just updated with fresh paint and new LVP flooring * three others updated within the last 10 years* Separate utilities* Water Views from all units* Great income and rental history with potential for increases* Potential 8 cap at market rents* 2 miles to UMASS Med School* Short walk to Quinsigamond State Park and beach* Quick access to schools, shopping, and major routes

Property Details

Price:
$950,000
MLS #:
73101567
Status:
Active
Beds:
8
Baths:
5
Address:
399 Lake Ave
Type:
Multi Family
City:
Worcester
Listed Date:
Apr 21, 2023
State:
MA
Finished Sq Ft:
3,225
ZIP:
01604
Subdivision:
Lot Size:
2,996 sqft / 0.07 acres (approx)
Year Built:
1920

Schools

Interior

Appliances
Unit 1( Range, Refrigerator), Unit 2( Range, Refrigerator), Unit 3( Range, Refrigerator), Unit 4( Range, Refrigerator)
Cooling
Unit 1( Window A C), Unit 3( Window A C), Unit 4( Window A C)
Flooring
Wood, Varies Per Unit
Heating
Unit 1( Forced Air, Gas), Unit 2( Gas), Unit 3( Forced Air), Unit 4( Forced Air, Gas)
Bathrooms
5 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, Marina, Private School, Public School, T- Station, University, Sidewalks
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Roof
Shingle

Financial

Buyer Agent Compensation
2%
Net Operating Income
$59,441
Tax Year
2023
Taxes
$5,663

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399 Lake Ave
Worcester, MA
Rare opportunity to own a five unit building in the sought-after Lake Park Area* Two studio units* Three 2 bedroom units* One studio unit just updated with fresh paint and new LVP flooring * three others updated within the last 10 years* Separate utilities* Water Views from all units* Great income and rental history with potential for increases* Potential 8 cap at market rents* 2 miles to UMASS Med School* Short walk to Quinsigamond State Park and beach* Quick access to schools, shopping, and major routes

Property Details

Price:
$950,000
MLS #:
73101587
Status:
Active
Beds:
0
Baths:
0
Address:
399 Lake Ave
Type:
Commercial
City:
Worcester
Listed Date:
Apr 21, 2023
State:
MA
Finished Sq Ft:
3,225
ZIP:
01604
Subdivision:
Lot Size:
2,996 sqft / 0.07 acres (approx)
Year Built:
1920

Schools

Interior

Appliances
Unit 1( Range, Refrigerator), Unit 2( Range, Refrigerator), Unit 3( Range, Refrigerator), Unit 4( Range, Refrigerator)
Cooling
Unit 1( Window A C), Unit 3( Window A C), Unit 4( Window A C)
Flooring
Wood, Varies Per Unit
Heating
Unit 1( Forced Air, Gas), Unit 2( Gas), Unit 3( Forced Air), Unit 4( Forced Air, Gas)
Bathrooms
5 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, Marina, Private School, Public School, T- Station, University, Sidewalks
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Roof
Shingle

Financial

Buyer Agent Compensation
2%
Net Operating Income
$59,441
Tax Year
2023
Taxes
$5,663

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby