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23 Millbury Street
Worcester, MA 01610
Asking Price
Contact for price
Asset Type
Storefront Retail
Class
Class B
What's Special
Retail | 18,000 SqFt <ul><li>Strong in-place cash flow with rent-to-market upside — (2) retail storefronts, (4) four-bedroom apartments, and (5) three-bedroom apartments — fully cash-flowing today with additional upside through increasing residential and retail rents to market levels.</li><li>Minimal landlord expenses — Tenants are responsible for their own electric, gas heat, and hot water. Laundry hookups in all units, and the roofs were replaced in the past year.</li><li>Adjacent parking income opportunity — O
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
