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8 Grove St, Upton MA 01568

$750,000

Estimated $1,829.62/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $187,500

Total Rent: 57600/year

Estimated CAP Rate: 6.70%

7 Bedrooms

5 Full Baths

2,035 SqFt

Total Parking: 15

20,038 SqFt

Be a part of the shared vision for Upton's downtown business district! Centrally located, this mixed-use property is the site of a successful brewery, and one existing multi and single family home. Ideal for an builder/developer. Bring your ingenuity, opportunity to potentially build out additional residential and retail units and fulfill this property's highest and best use. See town website and attachments for more about the Upton Center Visioning Project and rezoning. Support your carrying costs, as the brewery will transfer with a 5-year lease in place. Business is not for sale.

This home has been viewed 129 times

Last Checked: December 6th, 2024 at 5:19am (Source: MLS PIN #73217948)

Gross Income: $57,600

Gross Expenses: $7,362

Net Income Calc: $50,238

CAP Rate: 6.70%

Water Views

Annual Expenses for 8 Grove St, Upton MA 01568

Total Gross Expenses (Calculated)$7,362/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,362

Annual Income & Unit Breakdown for 8 Grove St, Upton MA 01568

Total Gross Income (Calculated)$57,600

Unit 1

Rental Income$800

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,100

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$2,900

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 8 Grove St, Upton MA 01568

Listing ID73217948

Property TypeMulti Family / 4 Family

Price$750,000 ($368.55/SqFt)

Style4 Family

CityUpton

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,035 SqFt

Approximate Lot Size (Acres)0.46 acres

Total Parking15

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningUCBD

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesRiver, Waterfront

Energy Features

Terms

Disclosures for 8 Grove St, Upton MA 01568

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$57,600

Total Net Income By Broker$57,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 8 Grove St, Upton MA 01568

Real Estate Taxes$7,362

Tax Year2023

Assessed Value$530,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$57,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$57,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.70%

Location Information for 8 Grove St, Upton MA 01568

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Shopping, Park, Public Transportation, Stable(s)

Contact Information for 8 Grove St, Upton MA 01568

Agent

Name: SBS Group

Office

Name: KW Pinnacle Central

Phone: 508-754-3020

Team Members

Name: Sheila Brady-Savard

Phone: 508-243-8044

Payment Calculator

, Interest

Property Taxes 613.5

Principal & Interest 4621.26

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

KW Pinnacle Central

SBS Group

Agent Phone

Office Phone

(508) 754-3020

Text Agent Call Agent Call Office

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                    [created] => 2024-12-06 05:19:15
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)

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8 Grove St, Upton MA 01568

$750,000

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