About This Home

This 6-bedroom, 3-bathroom residential multi family at 3 Ives St in Worcester, MA is listed for $299,900 ($80 per sqft). Built in 1915, the home offers 3,756 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 1915
  • 0.13 acre lot
  • 3 stories
  • 6 parking spaces

Property Details

3 stories
3 full
6 spaces
1915
Listing Description

Investor and contractor opportunity in Worcester!! This three-family home offers over 3,700 sq ft of living space across three 2-bedroom units and needs a complete renovation from top to bottom. The property has been condemned by the city and lacks a formal heating system in all units.

It is a full overhaul, but the bones look solid and the layout is a strong foundation for a value-add project. Features include off-street parking, a full basement, and separate electric meters (no owner's panel). The property is listed on the historic registry; any applicable guidelines or restrictions with the city should be verified.

This could be a productive winter project for an experienced investor or contractor looking to add a multi-family to their portfolio. Sold as-is. Dry inspections only. Due to the property's condition, it will not qualify for most conventional financing; cash or renovation/rehab financing is recommended.

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$87

Estimates only. Actual payments may vary.

Location

3 Ives St

Worcester, MA 01603

Questions & Answers

This 6-bedroom, 3-bathroom residential multi family at 3 Ives St is listed at $299,900 ($80/sqft). The estimated monthly payment is $1,603 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1915, 0.13 acre lot, 3 stories, 6 parking spaces.

This property is listed by Michael Meehan.

MM

Michael Meehan

Agent at RE/MAX BELL PARK REALTY

Listed by RE/MAX BELL PARK REALTY · Broker phone: (860) 774-7600 · View on Broker Site

MLS# 73598697· Source: MLS Property Information Network Inc· 4 days on PropertySimple

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3 Ives St, Worcester, MA 01603

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