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249 Lincoln St
Worcester, MA 01605
Asking Price
$1.30M
Cap Rate
9%
Asset Type
Storefront Retail
Class
Class B
What's Special
Retail | 9.00% CAP | 7,135 SqFt <p><strong>RECENTLY RENOVATED & STRONG RENTS</strong></p><p>There are currently strong in-place rents for both the residential and commercial units and features over three years of term remaining on both commercial leases. The residential units feature recent renovations that drive income and minimize future capital expenditures.</p><p></p><p><strong>STRONG LOCATION</strong></p><p>249 Lincoln Street is situated on one of the area’s primary commercial corridors and is less than a block from the U
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NOI
$80,000
Cap Rate
6.15%
DSCR
1.04
Tight
Cash-on-Cash
0.72%
Monthly Payment
$6,431.691
Annual Cash Flow
$2,819.712
