Rare five-family investment opportunity featuring two separate buildings on one lot. The front building offers three 2-bedroom units, while the rear building consists of two 1-bedroom units. Extensive improvements have been completed in the rear building (71½ Esther St), including new siding (2024), poured concrete basement floor (2024), replacement water heaters, fully renovated kitchens and bathrooms in both units with new appliances, a new roof (2025), and a replaced sewer line (2023). Units 2 and 3 in the front building have also been updated including new gas stoves and refrigerators. Conveniently located near public parks, a swimming pool, shopping, dining, and major commuter routes, with easy access to highways and the Massachusetts Turnpike. A solid income-producing property with numerous capital improvements already completed.
71 Esther St, Worcester, MA, 01607
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.
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