Investment Analysis — 15 Sigel St

You won’t want to miss this fantastic oversized three-family in Worcester’s up and coming Kelly Square. 4,416 sq ft, 18 rooms, roughly 1,470 sq ft per floor. These apartments live like houses! Wide-plank pine floors throughout. Original wide common stair hall with stained newel post, turned balusters, wainscot paneling and tall baseboards. Light on multiple exposures. Renovated baths with stone-top vanities, tiled floors, and recessed lighting. Eat-in kitchens with gas cooking and room for a full-sized table, plus a large dining room AND a spacious living room (which could be a 4th bedroom). Built-in pantry shelving plus a second prep area with double sink and full cabinet run. Fresh paint throughout. Brand new porches on all three levels; that is new decking, new rails, and new posts, completely replaced front decks makes for each level having their private outdoor space. Updated double pane windows, most recent window replacement was in 2023 in unit 2. Off street parking for 4-6 cars (plus the snow plow in the shed stays for your convenience!). One unit delivered vacant, so an owner-occupant can move right in or an investor can reset rent for full market rent, $2500. Crompton Park is two blocks away with a city pool, basketball, tennis, a skate park, and a playground. Polar Park and the WooSox are a twelve-minute walk, with the Canal District restaurants on Water, Green, and Millbury right behind it. Route 146 starts at the end of the block with a straight shot to Mass Pike Exit 94. I-290 at Kelley Square is a half mile. Union Station commuter rail is about a mile. Boston is roughly 45 minutes. Live in one and let two carry the note. House three generations under one roof, each with their own kitchen and their own porch. Or just hold it. Nobody is building 1,400 sq ft apartments in this market, and that is exactly what protects the rents. Low-down-payment owner-occupant financing available. Bring your inspector and your calculator. This one holds up to both.