Overview Property Details Payment Calculator Walkability

Expired

1002-1008 Main, Worcester MA 01610

$8,000,000

Estimated $19,457.54/month Calculator

Multi Family

Total Units: 47

Price Per Unit: $170,212.77

Total Rent: 37200/year

Estimated CAP Rate: -0.51%

80 Bedrooms

47 Full, 1 Half Baths

46,836 SqFt

Total Parking: 0

31,287 SqFt

Longfellow Manor is a desirable four-story brick apartment building that consists of forty-seven (47) total units, comprised of seventeen (17), 1-Bedroom/1-Bathroom units, twenty-seven (27), 2-Bedroom/1-Bathroom units, one (1), 2-Bedroom/2-Bathroom unit, one (1), 3-Bedroom/1...

This home has been viewed 24 times

Last Checked: May 7th, 2024 at 1:01am (Source: MLS PIN #73076582)

Gross Income: $37,200

Gross Expenses: $77,827

Net Income Calc: $40,627

CAP Rate: -0.51%

Annual Expenses for 1002-1008 Main, Worcester MA 01610

Total Gross Expenses (Calculated)$77,827/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$77,827

Annual Income & Unit Breakdown for 1002-1008 Main, Worcester MA 01610

Total Gross Income (Calculated)$37,200

Unit 1

Rental Income$1,450

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms3

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms4

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 1002-1008 Main, Worcester MA 01610

Listing ID73076582

Property TypeMulti Family

Price$8,000,000 ($170.81/SqFt)

Style5+ Family - 5+ Units Up/down

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total46,836 SqFt

Approximate Lot Size (Acres)0.72 acres

Total Parking0

Garage Parking

Year Built1925

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRG-5

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1002-1008 Main, Worcester MA 01610

Lead Paint

UFFI

Living Area Includes BasementYes

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$743,088

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 1002-1008 Main, Worcester MA 01610

Real Estate Taxes$77,827

Tax Year2023

Assessed Value$5,427,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$743,088

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.51%

Location Information for 1002-1008 Main, Worcester MA 01610

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Private School, University

Contact Information for 1002-1008 Main, Worcester MA 01610

Agent

Name: Ryan Benton

MLS ID: CN235128

Office ID: AN2723

Address: 87 Barstow Avenue

City: Norwell

State: MA

Zip: 02061

Office

Name: Horvath & Tremblay

MLS Office ID: AN2723

Phone: 781-776-4000

Team Members

Name: William Peck

MLS ID: CN231742

Office ID: AN2723

Phone: 207-712-6402

City: Somerville

State: MA

Payment Calculator

$55,779.04 per month

30 Years Fixed, 6.75% Interest

Property Taxes $6,485.58

Principal & Interest $49,293.46

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Ryan Benton

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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    [description] => Longfellow Manor is a desirable four-story brick apartment building that consists of forty-seven (47) total units, comprised of seventeen (17), 1-Bedroom/1-Bathroom units, twenty-seven (27), 2-Bedroom/1-Bathroom units, one (1), 2-Bedroom/2-Bathroom unit, one (1), 3-Bedroom/1-Bathroom unit, and one (1) 4-Bedroom/1-Bathroom unit with 46800 square feet of living area. The Property has tremendous curb appeal with a brick exterior and an inviting central courtyard. Recent capital improvements include upgrades to several kitchens, baths, floors, heating systems, and hot water tanks - as well as a brand new electrical system. Each unit is separately metered for electricity and gas (heat and hot water), which the tenants pay directly. The rents for currently occupied units are significantly below market. The opportunity exists to increase rents to market rates via programmatic updates to the units in a highly sought after and supply constrained urban infill residential market.
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[perc_test_date] => Unknown
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[year_built] => 1925
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EXIT

Expired

1002-1008 Main, Worcester MA 01610

$8,000,000

Annual Expenses for 1002-1008 Main, Worcester MA 01610

Annual Income & Unit Breakdown for 1002-1008 Main, Worcester MA 01610

General Information for 1002-1008 Main, Worcester MA 01610

Disclosures for 1002-1008 Main, Worcester MA 01610

Financial Information for 1002-1008 Main, Worcester MA 01610

Location Information for 1002-1008 Main, Worcester MA 01610

Contact Information for 1002-1008 Main, Worcester MA 01610

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