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Closed

27 Shelby St, Worcester MA 01605

$599,900

Estimated $1,676.73/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $149,975

Total Rent: 61800/year

Estimated CAP Rate: 8.89%

11 Bedrooms

4 Full Baths

5,261 SqFt

Total Parking: 5 (1 Garage)

5,311 SqFt

***OFFER DEADLINE IS 5pm MONDAY 1/9***Investors take notice! RARE Cash Cow 4 Unit opportunity! Two 4 bedroom units (1st and 2nd floor) - One 1 bedroom (basement unit) & 3rd floor unit is a 2 bedroom. Market Value rents will make this rent roll over $6,000/month! 3 of the 4 units are occupied but tenant at will. 1st floor 4 bedroom to be delivered vacant ~This unit has a big deck and sunroom attached- updated kitchen & bath-.beautiful hardwoods and high ceilings. Big driveway and detached garage. Many updates throughout the property. Each unit has their own laundry hookups. Spacious bedrooms. Lots of potential! Great mortgage helper for first time buyer! Convenient location to Umass Memorial Hospita & MCPHS- l/Rt-9/290 & Mass Pike! FIRST Showings at OPEN HOUSE Sunday 1/8 12pm-2pm!

This home has been viewed 54 times

Last Checked: May 7th, 2024 at 1:31am (Source: MLS PIN #73067523)

Gross Income: $61,800

Gross Expenses: $8,448

Net Income Calc: $53,352

CAP Rate: 8.89%

Beach Front

Annual Expenses for 27 Shelby St, Worcester MA 01605

Total Gross Expenses (Calculated)$8,448/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,448

Annual Income & Unit Breakdown for 27 Shelby St, Worcester MA 01605

Total Gross Income (Calculated)$61,800

Unit 1

Rental Income$950

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water), Unit 1(heat, Water), Unit 4(water)

Unit 2

Rental Income$2,000

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water), Unit 1(heat, Water), Unit 4(water)

Unit 3

Rental Income$1,100

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water), Unit 1(heat, Water), Unit 4(water)

Unit 4

Rental Income$1,100

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water), Unit 1(heat, Water), Unit 4(water)

General Information for 27 Shelby St, Worcester MA 01605

Listing ID73067523

Property TypeMulti Family / 4 Family

Price$599,900 ($114.03/SqFt)

Style4 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total5,261 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking5 (1 Garage)

Garage Parking1 / Detached

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningRG-5

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, Beach Ownership(public), Lake/pond, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 27 Shelby St, Worcester MA 01605

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$37,800

Total Net Income By Broker$61,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 27 Shelby St, Worcester MA 01605

Real Estate Taxes$8,448

Tax Year2022

Assessed Value$555,400

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$37,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$61,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.89%

Location Information for 27 Shelby St, Worcester MA 01605

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Private School, University

Contact Information for 27 Shelby St, Worcester MA 01605

Agent

Name: Stephen Minor

Office

Name: RE/MAX Advantage 1

Phone: 508-757-4200

Payment Calculator

, Interest

Property Taxes 704

Principal & Interest 3696.39

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Advantage 1

Stephen Minor

Agent Phone

Office Phone

(508) 757-4200

Text Agent Call Agent Call Office

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EXIT

Closed

27 Shelby St, Worcester MA 01605

$599,900

Annual Expenses for 27 Shelby St, Worcester MA 01605

Annual Income & Unit Breakdown for 27 Shelby St, Worcester MA 01605

General Information for 27 Shelby St, Worcester MA 01605

Disclosures for 27 Shelby St, Worcester MA 01605

Financial Information for 27 Shelby St, Worcester MA 01605

Location Information for 27 Shelby St, Worcester MA 01605

Contact Information for 27 Shelby St, Worcester MA 01605

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Stephen Minor