5 Palm Street
5 Palm Street
$1,070,000
8
7
1
5,600
5,600
$191
Sold 8/4/23
Description
Incredible investment opportunity! Rare, well maintained 7 unit property with just under an 8% cap rate and a monthly rent roll of $9,900 with room for growth. (4) 1-bedroom units, (2) 2-bedroom units, (1) 2 story 2-bedroom cottage 9230 square feet on .26 acre lot. All units are separately metered and tenants pay their own utilities. The location is hard to beat being minutes to all major highways, the train station, airport, restaurants, shopping, hospitals, colleges/universities and Polar Park...Incredible investment opportunity! Rare, well maintained 7 unit property with just under an 8% cap rate and a monthly rent roll of $9,900 with room for growth. (4) 1-bedroom units, (2) 2-bedroom units, (1) 2 story 2-bedroom cottage 9230 square feet on .26 acre lot. All units are separately metered and tenants pay their own utilities. The location is hard to beat being minutes to all major highways, the train station, airport, restaurants, shopping, hospitals, colleges/universities and Polar Park making it an ideal location for all tenants and for APPRECIATION! Group showing Sunday June 4th 11am-2pm. Investors, you won’t want to miss this! View Offer Memorandum in attached documents for further details.
- Listed by Benjamin Carbone • Byrnes Real Estate Group LLC
- Listed by Brooke Packard • Byrnes Real Estate Group LLC
Property Details for 5 Palm Street
Town
Worcester
AreaMA-Worcester
Garage Spaces0
Parking Spaces2.00
Parking Spaces Total2
Location
LISTING UPDATED: 08/05/2023 03:10 PM
Property Details for 5 Palm Street
Status | Sold |
---|---|
MLS # | 73115091 |
Days on Market | 8 |
Taxes | $11,423 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5-9 Family |
Year Built | 1925 |
County | Worcester County |
Location
Building Information for 5 Palm Street
Stories3Residences7Year Built1925Building Size-Lot Size0.26 AC / 11,357 SF
Payment Calculator
$6,791 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5 Palm Street
Property History for 5 Palm Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5 Palm Street
Taxable ValueLand$29,600Additions$767,000Total$796,600
Tax Record2023$11,423 ($952 / month)
Home Facts
Baths7.5Total Finished SqFt5,600 SqFtAbove Grade Finished SqFt5,600 SqFtUnfinished Basement SqFt2,226 SqFtStories3Lot Size11,357 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningRG-5CountyWORCESTERAPNWORC M:18 B:003 L:00196
Schools near 5 Palm Street
This home is within Worcester School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | PK to 6 | |||
Public - | K to 6 | |||
Public - | 7 to 8 |
Rating | School | Distance |
---|---|---|
Jacob Hiatt Magnet PublicPK to 6 | ||
Chandler Magnet PublicPK to 6 | ||
Union Hill School PublicK to 6 | ||
Worcester East Middle School Public7 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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