65 Water Street

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65 Water Street

Worcester, MA 01604
Asking Price
$2.35M
Asset Type
Mixed-use
Class
Class B

What's Special

Canal District Value-Add | Stabilized Income + Upside Potential <ul><li>​Approximately $55,500 in current annual income from in-place tenancy and billboard revenue</li><li>​Majority of building (~61%-64%) delivered in clean shell condition</li><li>​New Carlisle roofing system w/ 25 year warranty and two HVAC systems installed post-loss</li><li>​Two-building configuration separating stabilized income and value-add component</li><li>​Rear lower-level (~1,300 SF) substantially built out and suitable for occupancy</li><li>​Approximately 18-22 on-site surface par

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NOI
$80,000
Cap Rate
3.40%
DSCR
0.57
Underwater
Cash-on-Cash
-8.44%
Monthly Payment
$11,626.518
Annual Cash Flow
$-59,518.214

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