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Closed

9 Reeves St, Worcester MA 01607

$469,900

Estimated $1,221.19/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $156,633.33

Total Rent: 40500/year

Estimated CAP Rate: 7.45%

6 Bedrooms

3 Full Baths

2,805 SqFt

Total Parking: 6

5,141 SqFt

This three-family home is a great investment opportunity! This property is in great condition with tenants already in place. All are 2 bedroom units and all of the tenants are month to month. 9 Reeves Street features a Detached garage with electricity rented to the 3rd floor and off-street parking for over 6 cars. This property has had many recent updates including a new roof in 2019, rehab in 2014 with new electrical, updated plumbing, new windows, all units painted, wood floors refinished and new flooring throughout. The first floor has a new heating system, and gas heating systems with radiant heat in units 2 and 3. All units have new stoves and fridges and there is a laundry room on premises. Don't miss out on this awesome opportunity! Buyer and/or buyer's agent to do own due diligence.

This home has been viewed 38 times

Last Checked: May 7th, 2024 at 1:01am (Source: MLS PIN #73068153)

Gross Income: $40,500

Gross Expenses: $5,511

Net Income Calc: $34,989

CAP Rate: 7.45%

Annual Expenses for 9 Reeves St, Worcester MA 01607

Total Gross Expenses (Calculated)$5,511/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,511

Annual Income & Unit Breakdown for 9 Reeves St, Worcester MA 01607

Total Gross Income (Calculated)$40,500

Unit 1

Rental Income$1,300

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 3(water)

Unit 2

Rental Income$1,075

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 3(water)

Unit 3

Rental Income$1,000

Lease

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 3(water)

General Information for 9 Reeves St, Worcester MA 01607

Listing ID73068153

Property TypeMulti Family / 3 Family

Price$469,900 ($167.52/SqFt)

Style3 Family

CityWorcester

CountyWorcester

MLS AreaQuinsigamond Valley

Neighborhood(s)

Approximate Living Area Total2,805 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRL-7

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 9 Reeves St, Worcester MA 01607

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$28,500

Total Net Income By Broker$28,500

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation1.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 9 Reeves St, Worcester MA 01607

Real Estate Taxes$5,511

Tax Year2022

Assessed Value$362,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$28,500

BostonRealEstate.com Gross Income

Total Net Income By Broker$28,500

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.45%

Location Information for 9 Reeves St, Worcester MA 01607

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaQuinsigamond Valley

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, University

Contact Information for 9 Reeves St, Worcester MA 01607

Agent

Name: Candor Realty Group

Office

Name: Four Points Real Estate, LLC

Phone: 888-944-5827

Team Members

Name: Andrew Freed

Phone: 781-964-3200

Payment Calculator

, Interest

Property Taxes 459.25

Principal & Interest 2895.37

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Four Points Real Estate, LLC

Candor Realty Group

Agent Phone

Office Phone

(888) 944-5827

Text Agent Call Agent Call Office

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EXIT

Closed

9 Reeves St, Worcester MA 01607

$469,900

Annual Expenses for 9 Reeves St, Worcester MA 01607

Annual Income & Unit Breakdown for 9 Reeves St, Worcester MA 01607

General Information for 9 Reeves St, Worcester MA 01607

Disclosures for 9 Reeves St, Worcester MA 01607

Financial Information for 9 Reeves St, Worcester MA 01607

Location Information for 9 Reeves St, Worcester MA 01607

Contact Information for 9 Reeves St, Worcester MA 01607

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Four Points Real Estate, LLC

Candor Realty Group