Stabilized, turn-key investment with optional, transferable professional property management in place. Three-unit building featuring oversized 4 bed / 2 bath units. Two units are leased and one is occupied tenant-at-will, offering flexibility for rent growth or potential owner occupancy. The property underwent a full gut renovation in 2019, including updated systems, kitchens, baths, and comprehensive insulation with an emphasis on energy efficiency. Each unit offers a highly functional layout with strong rental demand in the Worcester market. The site includes a detached two-car garage and additional off-street parking. Conveniently located on Worcester’s East Side with easy access to Shrewsbury Street, I-290, and UMass Memorial Medical Center, supporting long-term tenant demand and stability.
Basement:
Full, Partially Finished, Interior Entry, Concrete, Unfinished
Parking:
5-car, Paved Drive, Off Street
56 Cohasset St, Worcester, MA, 01604
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
