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20 Loudon Street

Worcester, MA 01610
  • $750,000
  • STATUS: Active
  • MLS #: 72965869
UPDATED: 34 min ago
$750,000
  • 5
    BEDS
  • 0.18
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 5,943
    SQFT
  • $126
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:
Area:

School Ratings & Info

Listing courtesy of Matthew Pierce of Marcus & Millichap Real Estate Investment Services.

Description

20 Loudon Street is a five-unit apartment building next to Clark University that features all one-bed/one-bath apartments. The units feature oak cabinets, tile, carpet and hardwood flooring, and white/gas appliances. The building has gas-fired boiler steam heat. All utilities are included in the rents. Off-street parking and coin-op laundry are available for tenants. New boiler and newer roof. The current owner operates their business out of the barn/office and plan to become the 6th tenant where separate electric and gas utilities are available. Buyers have the ability to acquire a fully occupied and stabilized asset with significant upside to increase rents due to long term tenancy. Loudon Street is located on the edge of Clark University where off-campus housing is highly demanded and presents an opportunity for buyers to capitalize on significantly higher than average market rents.

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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 2022-06-25T12:10:02.48.
www.revrealtyma.com/homes/127627452
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20 Loudon Street Worcester, MA 01610

  • Price: $750,000
  • Status: Active
  • On Site: Days
  • Updated: 34 min ago
  • MLS #: 72965869
5
Beds
5
Baths
0
½ Baths
0.18
Acres
5,943
SQFT
$126
$/SQFT
1890
Built
Neighborhood:
Other
County:
Worcester
Area:
Other
Property Description
20 Loudon Street is a five-unit apartment building next to Clark University that features all one-bed/one-bath apartments. The units feature oak cabinets, tile, carpet and hardwood flooring, and white/gas appliances. The building has gas-fired boiler steam heat. All utilities are included in the rents. Off-street parking and coin-op laundry are available for tenants. New boiler and newer roof. The current owner operates their business out of the barn/office and plan to become the 6th tenant where separate electric and gas utilities are available. Buyers have the ability to acquire a fully occupied and stabilized asset with significant upside to increase rents due to long term tenancy. Loudon Street is located on the edge of Clark University where off-campus housing is highly demanded and presents an opportunity for buyers to capitalize on significantly higher than average market rents.
Exterior Features

Beachfront No Construction Frame Exterior Clapboard Exterior Features PorchDeckBarn/Stable Foundation Poured ConcreteFieldstone Lot Description Paved Drive Parking Features Off-Street Parking Spaces 5 Road Type Public Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No Waterview Flag No

Interior Features

Appliances Common WasherDryer Basement Yes Basement Features Full Bedrooms Unit1 1 Bedrooms Unit2 1 Bedrooms Unit3 1 Bedrooms Unit4 1 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring WoodTile Floors Unit1 1 Floors Unit2 2 Floors Unit3 2 Floors Unit4 1 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Units 1 Hot Water Natural Gas Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 20 Rooms Unit1 4 Rooms Unit2 4 Rooms Unit3 4 Rooms Unit4 4

Property Features

Amenities Public TransportationShoppingParkLaundromatHighway AccessPrivate SchoolT-Station Apod Available Yes Assessments 405800.00 Disclosure Yes Disclosures Seller Plans To Rent Barn/Office From New Owner As Sixth Tenant. Expenses Source Owner Provided Expenses Year End 12/21 Gross Operating Income 67147 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lease Unit4 Y Lender Owned No Multifamily Type 5-9 Family Net Operating Income 46881 Rent Unit1 1050 Rent Unit2 1075 Rent Unit3 1050 Rent Unit4 1000 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Does Not include Barn/Office Sf Sq Ft Includes Basement No Sq Ft Source Public Record Tax Year 2021 Taxes 5437.00 Water City/Town Water Year Built Description Actual Year Built Source Public Record Zoning Rg-5

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Matthew Pierce of Marcus & Millichap Real Estate Investment Services.


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 2022-06-25T12:10:02.48.
 
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Revolution Realty
90 Canal Street, 4th Floor
Boston MA, 02114
Listing courtesy of Matthew Pierce of Marcus & Millichap Real Estate Investment Services.