$465,000 ($137.41 per sqft)

Est. Mortgage $2,230/mo *

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38-40 Morse Ave, Ware, MA, 01082

38-40 Morse Ave, Ware, MA, 01082
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16 rooms

7 beds

4 Full baths

1890

3,384 sqft

This four-family property features three 2-bedroom units and one 1-bedroom unit with a mudroom/three-season room, and all 4 units are currently occupied, providing immediate rental income. Three of the four units offer convenient washer and dryer hookups, adding appeal for tenants. Additional income potential comes from the large, fully rented garage, plus the third floor is currently rented for storage with the possibility of finishing the space for even greater revenue (buyer to perform due diligence). Situated on a dead-end street with sidewalks, off-street parking, and a large yard with perennial flowers and a stream, this property offers an attractive setting for tenants. A rare opportunity to own an income-producing property with multiple avenues for possible growth. The owner pays water/sewer, refuse removal, landscaping, snow removal, and common area electricity. Note: Additional rent is paid by tenants for the garage and 3rd-floor storage space beyond their monthly rent.

Status:

Active

Type:

Multi-family

Laundry Remarks:

Washer Hookup, Dryer Hookup

Units:

4

Zoning:

SR

Garage:

3-car

Heating:

Oil, Electric

Basement:

Full, Interior Entry, Unfinished

Levels:

4

Parking:

11-car, Paved Drive, Shared Driveway, Off Street, Common, Paved

Acreage:

0.35

Est. Taxes:

$4,277

Assessment

$284,000

Construction

Frame

Utilities

Varies per Unit

Lot Description:

Cleared, Gentle Sloping

Amenities:

Public Transportation, Shopping, Medical Facility, Laundromat, House of Worship, Public School, Sidewalks

Appliances:

None, Range, Refrigerator, Washer, Dryer

MLS #:

73543390

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Tracy Larosa, Daisy Hill Real Estate and Rentals 774-364-0856