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Closed

1319 Main St, Worcester MA 01603

$850,000

Estimated $2,058.02/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $141,666.67

Total Rent: 10800/year

Estimated CAP Rate: 0.31%

18 Bedrooms

6 Full Baths

6,714 SqFt

Total Parking: 6

14,537 SqFt

Price Reduced! This 3-story, multifamily walkup consists of 6 three-bedroom apartments. The first floor has also been used as one large six-bedroom apartment. The building is a massive 9,960 square feet, and sits on a mostly level 14,537 square foot lot that provides off-street parking. The front of the building offers shared balconies on the 2nd and 3rd floors, while the back of the building offers private sunrooms for each unit. The units are separately metered for gas and electric and each has its own hot water tank. It is zoned by the city as BL-1.0, potentially giving the property alternative uses. Conveniently located near bus stops for the 19 and 33 service lines. Close to Clark University, College of the Holy Cross, Worcester State University, Worcester Polytechnic Institute, Coes Park and Worcester Regional Airport. The property is in need of numerous repairs and offers buyers a value-add opportunity.

This home has been viewed 41 times

Last Checked: May 7th, 2024 at 1:51am (Source: MLS PIN #73065987)

Gross Income: $10,800

Gross Expenses: $8,157

Net Income Calc: $2,643

CAP Rate: 0.31%

Annual Expenses for 1319 Main St, Worcester MA 01603

Total Gross Expenses (Calculated)$8,157/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,157

Annual Income & Unit Breakdown for 1319 Main St, Worcester MA 01603

Total Gross Income (Calculated)$10,800

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$900

Lease

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

General Information for 1319 Main St, Worcester MA 01603

Listing ID73065987

Property TypeMulti Family / 5+ Family

Price$850,000 ($126.6/SqFt)

Style5-9 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total6,714 SqFt

Approximate Lot Size (Acres)0.33 acres

Total Parking6

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningBL-1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1319 Main St, Worcester MA 01603

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureBuyer and buyer agent to verify

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$24,000

Total Net Income By Broker$24,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 1319 Main St, Worcester MA 01603

Real Estate Taxes$8,157

Tax Year2022

Assessed Value$536,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$24,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$24,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.31%

Location Information for 1319 Main St, Worcester MA 01603

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

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

Contact Information for 1319 Main St, Worcester MA 01603

Agent

Name: Ben Hicks

Office

Name: Bridgemont Realty LLC

Phone: 617-529-0751

Payment Calculator

, Interest

Property Taxes 679.75

Principal & Interest 5237.43

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Bridgemont Realty LLC

Ben Hicks

Agent Phone

Office Phone

(617) 529-0751

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[terms] => Array
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EXIT

Closed

1319 Main St, Worcester MA 01603

$850,000

Annual Expenses for 1319 Main St, Worcester MA 01603

Annual Income & Unit Breakdown for 1319 Main St, Worcester MA 01603

General Information for 1319 Main St, Worcester MA 01603

Disclosures for 1319 Main St, Worcester MA 01603

Financial Information for 1319 Main St, Worcester MA 01603

Location Information for 1319 Main St, Worcester MA 01603

Contact Information for 1319 Main St, Worcester MA 01603

Agent

Office

Payment Calculator

Exclusive Listing Agent

Bridgemont Realty LLC

Ben Hicks