Description
Exceptional income-producing investment opportunity featuring an approved 12-room lodging house configuration with extensive life-safety and infrastructure upgrades. Currently operated as a 12-room lodging house, the property offers strong income potential, commercial sprinkler protection, addressable fire alarm system with central station monitoring, hardwired smoke and carbon monoxide detection, comprehensive security camera coverage, and coin-operated laundry facilities.Current ownership has invested significantly in the property, including approval for conversion from a three-family to a 12-room lodging house, sprinkler installation, fire alarm upgrades, electrical improvements, plumbing upgrades, deck and porch replacement, and numerous additional capital improvements. The property is configured for efficient operation and has historically generated strong room-rental income.Conveniently located near downtown Worcester, colleges, hospitals, major employers, public transportation, and neighborhood amenities. A unique opportunity for investors seeking a high-income property with substantial capital improvements already completed.Buyer is responsible for conducting all due diligence regarding licensing, approvals, occupancy, and future use. Any permits, licenses, certificates, approvals, or registrations required after transfer of ownership shall be the responsibility of the buyer.
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12BEDS
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0.07ACRES
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3BATHS
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01/2 BATHS
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3,534SQFT
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$255$/SQFT
School Ratings & Info
Description
Exceptional income-producing investment opportunity featuring an approved 12-room lodging house configuration with extensive life-safety and infrastructure upgrades. Currently operated as a 12-room lodging house, the property offers strong income potential, commercial sprinkler protection, addressable fire alarm system with central station monitoring, hardwired smoke and carbon monoxide detection, comprehensive security camera coverage, and coin-operated laundry facilities.Current ownership has invested significantly in the property, including approval for conversion from a three-family to a 12-room lodging house, sprinkler installation, fire alarm upgrades, electrical improvements, plumbing upgrades, deck and porch replacement, and numerous additional capital improvements. The property is configured for efficient operation and has historically generated strong room-rental income.Conveniently located near downtown Worcester, colleges, hospitals, major employers, public transportation, and neighborhood amenities. A unique opportunity for investors seeking a high-income property with substantial capital improvements already completed.Buyer is responsible for conducting all due diligence regarding licensing, approvals, occupancy, and future use. Any permits, licenses, certificates, approvals, or registrations required after transfer of ownership shall be the responsibility of the buyer.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-10-11T19:03:37.75.