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Expired

1002-1008 Main, Worcester MA 01610

$8,000,000

Estimated $19,458/month Calculator

Multi Family

Total Units: 47

Price Per Unit: $170,212.77

Total Rent: 37200/year

Estimated CAP Rate:

80 Bedrooms

Baths

46836

Total Parking: 0

31,287 (0.72)

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.

This home has been viewed 44 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

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 Tax77827

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

Total Gross Income (Calculated)$37,200

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms3

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms4

Bathrooms

Rent Includes

General Information for 1002-1008 Main, Worcester MA 01610

Listing ID73076582

Property TypeMulti Family

Price8000000 ($170.81/SqFt)

Style5+ Family - 5+ Units Up/down

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total46836

Approximate Lot Size (Acres)0.72

Total Parking0

Garage Parking0

Year Built1925

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRG-5

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 1002-1008 Main, Worcester MA 01610

Lead Paint

UFFI

Living Area Includes BasementYes

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 Compensation1.5

Facilitator Compensation1

Compensation Based OnGross/full Sale Price

Financial Information for 1002-1008 Main, Worcester MA 01610

Real Estate Taxes77827

Tax Year2023

Assessed Value$5,427,300

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 1002-1008 Main, Worcester MA 01610

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 1002-1008 Main, Worcester MA 01610

Agent

Name: Ryan Benton

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 6485.58

Principal & Interest 49293.46

HOA Dues

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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EXIT

19 More Photos

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

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Ryan Benton