This beautifully updated two-family home is move-in ready and waiting for its new owner. The first-floor unit is vacant and features three bedrooms and one bathroom, with an updated kitchen and bathroom. The unit boasts recently refinished hardwood floors and updated vinyl flooring, along with a gas heating system installed in 2019. The second unit spans two levels and offers four spacious bedrooms and one bathroom, providing ample living space. Additional highlights include a two-car garage with plenty of off-street parking, a newer roof, and complete electrical rewiring done in 2019. The home's exterior was updated with new siding in the same year. This property is a fantastic opportunity, with all types of financing accepted. Don't miss your chance to make it yours!
This home has been viewed 5 times
Last Updated: March 31st, 2025 at 4:18pm
Gross Income: $52,800
Gross Expenses: $4,276
Net Income Calc: $48,524
CAP Rate: 8.84%
Annual Expenses for 122 Southgate St, Worcester MA 01603
Total Gross Expenses (Calculated)$4,276/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$4,276
Annual Income & Unit Breakdown for 122 Southgate St, Worcester MA 01603
Total Gross Income (Calculated)$52,800
Unit 1
Rental Income2100
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 2(water)
Unit 2
Rental Income2300
LeaseN
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingYes
Rent IncludesUnit 2(water)
General Information for 122 Southgate St, Worcester MA 01603
Listing ID73351400
Property TypeMulti Family
Price$549,000 ($276.44/SqFt)
Style
CityWorcester
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total1,986 SqFt
Approximate Lot Size (Acres)0.13 acres
Total Parking8
Garage Parking2 / Detached
Year Built1875
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpaceEnclosed
ZoningRG-5
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 122 Southgate St, Worcester MA 01603
Disclosures for 122 Southgate St, Worcester MA 01603
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureAll info from sources deemed reliable altho no war
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$45,000
Total Net Income By Broker$45,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnCompensation Not Offered
Location Information for 122 Southgate St, Worcester MA 01603
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Medical Facility, Laundromat, Public Transportation, T-station, University, Other
Contact Information for 122 Southgate St, Worcester MA 01603