Located at the corner of Chandler Street and Park Avenue, this prime mixed-use property offers an exceptional investment opportunity. The first floor is currently used as a spacious church, with potential for various commercial uses. The second and third floors are successfully rented out on Airbnb, generating over $200K in income. The second floor features four bedrooms and two bathrooms, while the third floor offers five bedrooms and two bathrooms, both well-maintained and furnished for maximum guest comfort. This property is ideally situated in the heart of the city, offering easy access to shops, restaurants, and public transportation. With a thriving business on the first floor and lucrative short-term rentals on the upper floors, this property presents a cash cow investment with immense potential. Whether you're an investor or entrepreneur, this versatile property is a fantastic opportunity to generate income in a high demand location
227 Chandler St, Worcester, MA, 01609
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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