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Closed

8 Reeves St, Worcester MA 01607

$469,900

Estimated $1,204.02/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $156,633.33

Total Rent: 33300/year

Estimated CAP Rate: 5.96%

6 Bedrooms

3 Full Baths

2,453 SqFt

Total Parking: 4

5,766 SqFt

This three-family home is a great investment opportunity! This property offers three separate 2 bedroom units, each with a gas heating system. The first unit was recently updated in 2019 with new appliances, paint, cabinets and windows. The second unit was updated in 2019 with a new fridge and stove, as well as updated floors in the kitchen and living room. The third unit was updated in 2018 with paint and flooring. This property also features a newer roof from 2017, off street parking for 4 cars, laundry on premises, replaced water line, and 3 FHW heat systems. The tenants of the first and second units are TaW and the third unit is currently vacant. Perfect for an owner occupied purchase. Don't miss out on this well maintained investment property! Buyer and/or buyer's agent to do own due diligence.

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 1:01am (Source: MLS PIN #73068154)

Gross Income: $33,300

Gross Expenses: $5,305

Net Income Calc: $27,995

CAP Rate: 5.96%

Annual Expenses for 8 Reeves St, Worcester MA 01607

Total Gross Expenses (Calculated)$5,305/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,305

Annual Income & Unit Breakdown for 8 Reeves St, Worcester MA 01607

Total Gross Income (Calculated)$33,300

Unit 1

Rental Income$1,200

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$1,575

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 8 Reeves St, Worcester MA 01607

Listing ID73068154

Property TypeMulti Family / 3 Family

Price$469,900 ($191.56/SqFt)

Style3 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,453 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking4

Garage Parking

Year Built1890

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 8 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$33,300

Total Net Income By Broker$33,300

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 8 Reeves St, Worcester MA 01607

Real Estate Taxes$5,305

Tax Year2022

Assessed Value$348,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$33,300

BostonRealEstate.com Gross Income

Total Net Income By Broker$33,300

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.96%

Location Information for 8 Reeves St, Worcester MA 01607

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHouse Of Worship, Public School, Shopping, Medical Facility, Public Transportation, T-station, Pool, University, Sidewalks

Contact Information for 8 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 442.08

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

8 Reeves St, Worcester MA 01607

$469,900

Annual Expenses for 8 Reeves St, Worcester MA 01607

Annual Income & Unit Breakdown for 8 Reeves St, Worcester MA 01607

General Information for 8 Reeves St, Worcester MA 01607

Disclosures for 8 Reeves St, Worcester MA 01607

Financial Information for 8 Reeves St, Worcester MA 01607

Location Information for 8 Reeves St, Worcester MA 01607

Contact Information for 8 Reeves St, Worcester MA 01607

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Four Points Real Estate, LLC

Candor Realty Group