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19 Ward Street, Worcester MA 01610

$1,100,000

Estimated $2,490/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $183,333.33

Total Rent: 81000/year

Estimated CAP Rate:

12 Bedrooms

Baths

5336

Total Parking: 0

3,484 (0.08)

Welcome to this incredible multi-family investment opportunity. Being just steps outside of Kelley Square and Downtown Worcester, the location of this property is everything. This area of Worcester is one of the fastest developing in Massachusetts. Hundreds of residential rentals are being developed within a mile of these units. Stand on the front porch and see the potential it has to offer in real time. 19 Ward Street is made up of 6 two-bedroom/1 bath units. Three units have been beautifully renovated, and rent has been stabilized. The other three units are in good condition but not renovated, creating an opportunity for an investor to add value and increase gross rental income. Clark University, Holy Cross and WPI are a few of the multiple colleges within 2-3 miles of the property. Polar Park is a newer addition the area which has brought entertainment, retail, restaurants and jobs to the area. New security camera system.

This home has been viewed 134 times

Last Checked: October 7th, 2024 at 4:14pm (Source: MLS PIN #73223598)

Gross Income: $81,000

Gross Expenses: $8,474

Net Income Calc: $72,526

Annual Expenses for 19 Ward Street, Worcester MA 01610

Total Gross Expenses (Calculated)$8,474/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8474

Annual Income & Unit Breakdown for 19 Ward Street, Worcester MA 01610

Total Gross Income (Calculated)$81,000

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 19 Ward Street, Worcester MA 01610

Listing ID73223598

Property TypeMulti Family / 5+ Family

Price1100000 ($206.15/SqFt)

Style5-9 Family

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total5336

Approximate Lot Size (Acres)0.08

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

Zoningmulti fam

Water Views

Water Views FeaturesBay

Waterfront FeaturesRiver

Terms

Disclosures for 19 Ward Street, Worcester MA 01610

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsNelson Pendant Lamp In Third Floor Bedroom/Office.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)Lender Owned

Buyer Agent Compensation2%

Facilitator Compensation1%

Compensation Based OnGross/full Sale Price

Financial Information for 19 Ward Street, Worcester MA 01610

Real Estate Taxes8474

Tax Year2023

Assessed Value$598,400

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 19 Ward Street, Worcester MA 01610

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 19 Ward Street, Worcester MA 01610

Agent

Name: Melanie Zaharias

Office

Name: Zaharias Real Estate, LLC

Phone: 603-880-3059

Payment Calculator

, Interest

Property Taxes 706.17

Principal & Interest 6777.85

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Zaharias Real Estate, LLC

Melanie Zaharias

Agent Phone

Office Phone

(603) 880-3059

Text Agent Call Agent Call Office

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EXIT

11 More Photos

Withdrawn

19 Ward Street, Worcester MA 01610

$1,100,000

Annual Expenses for 19 Ward Street, Worcester MA 01610

Annual Income & Unit Breakdown for 19 Ward Street, Worcester MA 01610

General Information for 19 Ward Street, Worcester MA 01610

Disclosures for 19 Ward Street, Worcester MA 01610

Financial Information for 19 Ward Street, Worcester MA 01610

Location Information for 19 Ward Street, Worcester MA 01610

Contact Information for 19 Ward Street, Worcester MA 01610

Agent

Office

Payment Calculator

Exclusive Listing Agent

Zaharias Real Estate, LLC

Melanie Zaharias