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Closed

246 Vernon St, Worcester MA 01607

$566,000

Estimated $1,433.77/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $188,666.67

Total Rent: 30000/year

Estimated CAP Rate: 4.21%

9 Bedrooms

3 Full Baths

3,521 SqFt

Total Parking: 6

6,045 SqFt

**** Please note - OFFER DEADLINE has been set for Sunday, 1/15/2023 at 6pm.******** Terrific opportunity for an owner-occupied money maker or easy investment. Stately Worcester 3 decker conveniently located at the very end of Vernon St. Each floor features 3 bedrooms and a panty. The 1st floor is vacant and just renovated – new kitchen cabinets & appliances, new bathroom, fresh paint, and gleaming pine floors. 2nd and 3rd floors are TAW. Both units recently renovated (available to see with an accepted offer). FHA by gas on the 1st and 3rd floors. Gas/Gas on 2nd floor. Current rents are well below market rate. Plenty of off-street parking. The basement is very clean and includes storage and Coin-Op laundry. Updated electric with owner’s box. The roof is 10-15 years old. All three have de-lead letters. Showings start immediately.

This home has been viewed 37 times

Last Checked: May 7th, 2024 at 1:46am (Source: MLS PIN #73069681)

Gross Income: $30,000

Gross Expenses: $6,192

Net Income Calc: $23,808

CAP Rate: 4.21%

Annual Expenses for 246 Vernon St, Worcester MA 01607

Total Gross Expenses (Calculated)$6,192/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,192

Annual Income & Unit Breakdown for 246 Vernon St, Worcester MA 01607

Total Gross Income (Calculated)$30,000

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,350

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,150

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 246 Vernon St, Worcester MA 01607

Listing ID73069681

Property TypeMulti Family / 3 Family

Price$566,000 ($160.75/SqFt)

Style3 Family - 3 Units Up/down

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,521 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningBG-2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 246 Vernon St, Worcester MA 01607

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureOver 1,000 sq ft on each floor

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner, Other (see Remarks)

Total Gross Expenses By Broker$8,050

Total Gross Income By Broker$30,000

Total Net Income By Broker$30,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 246 Vernon St, Worcester MA 01607

Real Estate Taxes$6,192

Tax Year2022

Assessed Value$407,100

Financial Data SourceOwner, Other (see Remarks)

Total Gross Expenses By Broker$8,050

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$30,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$30,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.21%

Location Information for 246 Vernon St, Worcester MA 01607

Elementary SchoolPer Boe

Middle SchoolPer Boe

High SchoolPer Boe

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 246 Vernon St, Worcester MA 01607

Agent

Name: Stacey M. Hamel

Office

Name: ERA Key Realty Services- Auburn

Phone: 508-832-5831

Payment Calculator

, Interest

Property Taxes 516

Principal & Interest 3487.51

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

ERA Key Realty Services- Auburn

Stacey M. Hamel

Agent Phone

Office Phone

(508) 832-5831

Text Agent Call Agent Call Office

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    [description] => **** Please note - OFFER DEADLINE has been set for Sunday, 1/15/2023 at 6pm.******** Terrific opportunity for an owner-occupied money maker or easy investment. Stately Worcester 3 decker conveniently located at the very end of Vernon St.   Each floor features 3 bedrooms and a panty.   The 1st floor is vacant and just renovated – new kitchen cabinets & appliances, new bathroom, fresh paint, and gleaming pine floors.  2nd and 3rd floors are TAW. Both units recently renovated (available to see with an accepted offer).  FHA by gas on the 1st and 3rd floors.  Gas/Gas on 2nd floor.  Current rents are well below market rate. Plenty of off-street parking.  The basement is very clean and includes storage and Coin-Op laundry. Updated electric with owner’s box.  The roof is 10-15 years old. All three have de-lead letters.  Showings start immediately.
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[perc_test_date] => Unknown
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[terms] => Array
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[unit_1_bathrooms] => 1 Full
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EXIT

Closed

246 Vernon St, Worcester MA 01607

$566,000

Annual Expenses for 246 Vernon St, Worcester MA 01607

Annual Income & Unit Breakdown for 246 Vernon St, Worcester MA 01607

General Information for 246 Vernon St, Worcester MA 01607

Disclosures for 246 Vernon St, Worcester MA 01607

Financial Information for 246 Vernon St, Worcester MA 01607

Location Information for 246 Vernon St, Worcester MA 01607

Contact Information for 246 Vernon St, Worcester MA 01607

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Exclusive Listing Agent

ERA Key Realty Services- Auburn

Stacey M. Hamel