73 Southgate St

Taxes: $5,825 (2022)

About this home

Investment opportunity in Worcester! This mixed-use property currently features 3 residential units plus a former bar/commercial space. Two of the three apartments have been renovated, with current rents including a 3-bedroom at $2,600/month and a 2-bedroom at $1,800/month. The former bar is not currently operating and has undergone recent improvements. Plans are available proposing the conversion of the former bar into two additional 2-bedroom residential units. All projected numbers and future income potential are based on this proposed conversion. Conversion is subject to all required approvals, zoning, and permitting. Buyer/buyer’s agent to perform their own due diligence and verify feasibility, plans, rents, expenses, and development potential. Conveniently located near Polar Park, Union Station, Holy Cross, Clark University, I-290, Route 146, and the Mass Pike. Great value-add opportunity with existing rental income and potential for additional residential units.