SoldNov 27, 2018

Listed and Bought with Jaclyn Painchaud

Source: MLS Property Information Network Inc #72409932

576 Franklin St, Worcester, MA, 01604

$240,000

9
3
6
3402 sq. ft.
11051 sq. ft.

Other

19 days on the market

Sold: Nov 27, 2018

What's around 576 Franklin St

About this property

Looking for a winter project? Fantastic location w/ tons of parking & great views of Shrewsbury St & moments to UMASS (main campus). Lots of work has been started but there is LOTS left to do. The foundation was recently completely rebuilt to correct structural issues. The 1st & 2nd floors were started & feature all new wood look flooring, beautiful shaker cabinets, new drywall, & an open floor plan. Some new drywall was done to the 3rd floor but it still needs a kitchen, bathroom & flooring. All units need heating systems. This property is sold strictly as-is / where-is. Buyer is strongly encouraged to do their due diligence. Buyer responsible for all permits. ARV could easily be $425k w/ projected rents being easily $1500 per floor. This is a great opportunity for a contractor / experienced investor to finish this project and reap the benefits. Great long term hold or a flip. Cash offers preferred, rehab loans considered. Best place in the city to watch the 4th of July fireworks!

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