447-451 State St.
$249,900, 8 Beds 5 Baths 7,143 Sqft .08 Acres
About This Property
Huge Price Drop!! Seller to review offers on 10/6/2019. Potential to earn $5,800+ monthly rental income! Undervalued 6 unit building consisting of 2 retail storefronts and 4 residential units under $250K! Steady long-term rental income from 2 storefront units leased until 6/2025 by pizza store at current monthly rent of $2,400 w/ annual rent increases. Pizza store has additional 5-year renewal option (from 6/2025 – 6/2030) at monthly rent from $2,700 - $2,900. The 4 residential units are empty and after renovations can be rented at $850+ per unit, adding $3,400 of rental income for combined $5,800+ of monthly rental income. Custom renovate the 4 apartments and earn almost $6K per month of rental income making this undervalued building a cash cow!
Keller Williams Realty Greater Worcester
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