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1 Cheney Street, Worcester MA 01610

$619,000

Estimated $1,478/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $206,333.33

Total Rent: 67200/year

Estimated CAP Rate:

12 Bedrooms

Baths

4368

Total Parking: 5

4,818 (0.11)

***INVESTMENT OPPORTUNITY*** PRIME LOCATION STEPS TO CLARK U in tuition free zone. Prized 6 room | 4 bedroom layout with nearly 1,500 sqft in each unit! Modernized units with contemporary flooring, kitchens, bathrooms and in-unit laundry hookups. Paved driveway with parking for 7 vehicles. Updated heating system with hot water baseboard in each unit. Individually metered gas boilers and electric water heaters, approx 10 years old. Individually metered electric with separate owner's panel. Recent vinyl windows and soffits. De-lead cert for 2nd floor unit. Fully rented with impressive long-term gross monthlies. 1st & 2nd floor are 7 & 10-year tenants with guaranteed payment through RCAP. 3rd floor is TAW. Building orientation and size may allow for future solar roof or additional bathrooms subject to permitting and approvals. Full breakdown of rents available upon request. Owner will consider delivering U3 vacant. *VR tour link* https://musee.xitotech.com/e/index.html?tour=257o259

This home has been viewed 50 times

Last Checked: May 7th, 2024 at 1:36am (Source: MLS PIN #73062664)

Gross Income: $67,200

Gross Expenses: $5,696

Net Income Calc: $61,504

Water Views

Annual Expenses for 1 Cheney Street, Worcester MA 01610

Total Gross Expenses (Calculated)$5,696/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5696

Annual Income & Unit Breakdown for 1 Cheney Street, Worcester MA 01610

Total Gross Income (Calculated)$67,200

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 1 Cheney Street, Worcester MA 01610

Listing ID73062664

Property TypeMulti Family / 3 Family

Price619000 ($141.71/SqFt)

Style3 Family

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total4368

Approximate Lot Size (Acres)0.11

Total Parking5

Garage Parking0

Year Built1915

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRG-5

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 1 Cheney Street, Worcester MA 01610

Lead Paint

UFFI

Living Area Includes BasementNo

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 Compensation2.25

Facilitator Compensation2.25

Compensation Based OnNet Sale Price

Financial Information for 1 Cheney Street, Worcester MA 01610

Real Estate Taxes5696

Tax Year2022

Assessed Value$374,500

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 1 Cheney Street, Worcester MA 01610

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 1 Cheney Street, Worcester MA 01610

Agent

Name: Erika Hall

Office

Name: Keller Williams Realty Greater Worcester

Phone: 508-754-3020

Payment Calculator

, Interest

Property Taxes 474.67

Principal & Interest 3814.08

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty Greater Worcester

Erika Hall

Agent Phone

Office Phone

(508) 754-3020

Text Agent Call Agent Call Office

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EXIT

13 More Photos

Closed

1 Cheney Street, Worcester MA 01610

$619,000

Annual Expenses for 1 Cheney Street, Worcester MA 01610

Annual Income & Unit Breakdown for 1 Cheney Street, Worcester MA 01610

General Information for 1 Cheney Street, Worcester MA 01610

Disclosures for 1 Cheney Street, Worcester MA 01610

Financial Information for 1 Cheney Street, Worcester MA 01610

Location Information for 1 Cheney Street, Worcester MA 01610

Contact Information for 1 Cheney Street, Worcester MA 01610

Agent

Office

Payment Calculator

Exclusive Listing Agent

Keller Williams Realty Greater Worcester

Erika Hall