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1 West Lake Street, Worcester MA 01604

$430,000

Estimated $1,118/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $143,333.33

Total Rent: 64800/year

Estimated CAP Rate:

6 Bedrooms

Baths

3378

Total Parking: 0

2,911 (0.07)

Solid up and running three family with recent renovations. Quiet side street in Webster Square area. On street parking. Layout for each apartment is the same and consists of a Kitchen with pantry, living room with separate office or sitting area, dining room, two bedrooms and a full bath (5 rooms, 2 bedrooms 1 bath). The great thing about this property is with minimal effort the apartments could be converted to five room, three bedroom one bath apartments (5-3-1)by reconfiguring the front apartment entrances and converting the front living room to a main bedroom closet combo. Lots of hardwood flooring, many recently refinished. Woodwork and character. Other updates include new electrical service and rewiring of the 1st and 2nd floor apartments and repairs to the foundation. This multi will not last!! Great for owner occupant or investor.

This home has been viewed 48 times

Last Checked: May 7th, 2024 at 12:46am (Source: MLS PIN #73066458)

Gross Income: $64,800

Gross Expenses: $5,054

Net Income Calc: $59,746

Water Views

Annual Expenses for 1 West Lake Street, Worcester MA 01604

Total Gross Expenses (Calculated)$5,054/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5054.28

Annual Income & Unit Breakdown for 1 West Lake Street, Worcester MA 01604

Total Gross Income (Calculated)$64,800

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 1 West Lake Street, Worcester MA 01604

Listing ID73066458

Property TypeMulti Family / 3 Family

Price430000 ($127.29/SqFt)

Style3 Family - 3 Units Up/down

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3378

Approximate Lot Size (Acres)0.07

Total Parking0

Garage Parking0

Year Built1890

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRL-7

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 1 West Lake Street, Worcester MA 01604

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation0.0

Compensation Based OnNet Sale Price

Financial Information for 1 West Lake Street, Worcester MA 01604

Real Estate Taxes5054.28

Tax Year2022

Assessed Value$332,300

Financial Data Source

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 1 West Lake Street, Worcester MA 01604

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 1 West Lake Street, Worcester MA 01604

Agent

Name: Michael C. Deluca

Office

Name: Coldwell Banker Realty - Worcester

Phone: 508-795-7500

Payment Calculator

, Interest

Property Taxes 421.19

Principal & Interest 2649.52

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Worcester

Michael C. Deluca

Agent Phone

Office Phone

(508) 795-7500

Text Agent Call Agent Call Office

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    [unparsed] => 1 West Lake Street, Worcester MA 01604
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EXIT

39 More Photos

Closed

1 West Lake Street, Worcester MA 01604

$430,000

Annual Expenses for 1 West Lake Street, Worcester MA 01604

Annual Income & Unit Breakdown for 1 West Lake Street, Worcester MA 01604

General Information for 1 West Lake Street, Worcester MA 01604

Disclosures for 1 West Lake Street, Worcester MA 01604

Financial Information for 1 West Lake Street, Worcester MA 01604

Location Information for 1 West Lake Street, Worcester MA 01604

Contact Information for 1 West Lake Street, Worcester MA 01604

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Worcester

Michael C. Deluca