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28 Worcester Rd, Sterling MA 01564

$439,900

Estimated $1,062.55/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $219,950

Total Rent: 9600/year

Estimated CAP Rate: 1.23%

3 Bedrooms

3 Full Baths

2,500 SqFt

Total Parking: 15

32,670 SqFt

Exciting opportunity to acquire a multifamily residence with potential in a commercial zone on Rt12 Sterling. Perfect for a savvy buyer to elevate this property to new heights with some TLC.Key Features include a flat 3/4 corner lot for versatile use, cement slab in the backyard for entertaining, recently replaced roof, newer furnace, renovated back decks, fresh exterior paint job, brand new hardwood flooring on the first floor, improved ceiling height by removing drop ceiling. Property is located in Zoning district C which allows for many different uses including business/professional office, automotive, food, retail and childcare. The property is being sold in its current condition, with the requirement for a buyer to replace the septic system. Buyer also responsible for smoke detector certification. Do not disturb tenants.

This home has been viewed 124 times

Last Checked: October 7th, 2024 at 6:54pm (Source: MLS PIN #73207289)

Gross Income: $9,600

Gross Expenses: $4,191

Net Income Calc: $5,409

CAP Rate: 1.23%

Annual Expenses for 28 Worcester Rd, Sterling MA 01564

Total Gross Expenses (Calculated)$4,191/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,191

Annual Income & Unit Breakdown for 28 Worcester Rd, Sterling MA 01564

Total Gross Income (Calculated)$9,600

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$800

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

General Information for 28 Worcester Rd, Sterling MA 01564

Listing ID73207289

Property TypeMulti Family

Price$439,900 ($175.96/SqFt)

StyleMulti Family

CitySterling

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,500 SqFt

Approximate Lot Size (Acres)0.75 acres

Total Parking15

Garage Parking

Year Built1897

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsNo

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

Zoningmixed use

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 28 Worcester Rd, Sterling MA 01564

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureLiving area sq footage obtained from public record

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$9,600

Total Net Income By Broker$9,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 28 Worcester Rd, Sterling MA 01564

Real Estate Taxes$4,191

Tax Year2024

Assessed Value$314,900

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$9,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$9,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.23%

Location Information for 28 Worcester Rd, Sterling MA 01564

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesNo

Contact Information for 28 Worcester Rd, Sterling MA 01564

Agent

Name: Rickman Realty Team

Office

Name: OWN IT, A 100% Commission Brokerage

Phone: 508-667-4931

Team Members

Name: Kimberly Rickman

Phone: 508-667-4931

Name: Sheryl Tessier

Phone: 774-696-1507

Payment Calculator

, Interest

Property Taxes 349.25

Principal & Interest 2710.52

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

OWN IT, A 100% Commission Brokerage

Rickman Realty Team

Agent Phone

Office Phone

(508) 667-4931

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[water] => Array
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[year_built] => 1897
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)

EXIT