MA
Worcester
Warren
01083
723 Main ST
723 Main ST, Warren, MA 01083
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Listing Type
Multi Family
Listing Status
Active
24
$450,000

Home Details for 723 Main ST

Price
$450,000
Type
Residential Income
Bedrooms
6
Total Bathrooms
3
Full Bathrooms
3
Square feet
3348
Year built
1897
Lot size acres
0.18
County
Worcester
Total rooms
18
Basement
Full, Dirt Floor, Concrete, Unfinished
MLS Listing#
73579253
Property Description

Excellent opportunity for an investor or owner-occupant with this well-maintained three-family property in Warren. The property offers a strong combination of existing income and immediate rental upside, with two units recently renovated, cleaned, and intentionally left vacant, giving the new owner the flexibility to select their own tenants, establish current market rents, or occupy one of the units.The third unit is currently rented for $1,300 per month, slightly below the estimated market rent of approximately $1,450 per month. The two vacant units are also projected at approximately $1,450 per month each, creating the potential for approximately $4,350 per month / $52,200 annually in gross rental income if all three units were rented at the stated market rent.The available units feature bright, clean interiors, updated kitchens and baths, neutral finishes, and spacious living areas. The property has been prepared for its next owner, allowing for a relatively straightforward transition into leasing the vacant units.Whether you're looking to house hack by living in one unit while collecting rent from the others or add a three-family property with value-add rental potential to your portfolio, 723 Main Street offers multiple options from day one.Two renovated units are vacant and ready for occupancy or new tenants. One unit is currently income-producing at $1,300/month. A great opportunity to acquire a multi-family property with both existing cash flow and room to increase income.

Property Features
  • Basement
    • Full
    • Dirt Floor
    • Concrete
    • Unfinished
  • Water Features
    • Public
  • Parking
    • Off Street
Listing Courtesy: Boardwalk Properties - 617-566-5333
Presented by: Elias Kassis
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT NEW OPTIONS REAL ESTATE
12 Main Street, Leominster, MA 01453
Office
888 363 3948
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