An amazing opportunity to own a well maintained, updated 3 family home in Clark University tuition free zone. All units have the same living area. Updates are vinyl windows, bathrooms, kitchens, electrical service, plumbing, force air furnaces for all 3 units, lead compliance for all 3 units. It has a large fence in yard and 3 off-street tandem parking spaces. Rents for unit 2 and 3 are under market value. Need at least 24 hour notice for an appointment. Offer deadline is at 2pm Tuesday 2/21/2023.
This home has been viewed 60 times
Last Checked: May 7th, 2024 at 2:36am (Source: MLS PIN #73078488)
Gross Income: $60,000
Gross Expenses: $5,816
Net Income Calc: $54,184
CAP Rate: 8.67%
Annual Expenses for 45 Freeland St, Worcester MA 01603
Total Gross Expenses (Calculated)$5,816/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,816
Annual Income & Unit Breakdown for 45 Freeland St, Worcester MA 01603
Total Gross Income (Calculated)$60,000
Unit 1
Rental Income$2,200
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 2
Rental Income$1,500
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 3
Rental Income$1,300
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
General Information for 45 Freeland St, Worcester MA 01603
Listing ID73078488
Property TypeMulti Family / 3 Family
Price$625,000 ($184.53/SqFt)
Style3 Family
CityWorcester
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total3,387 SqFt
Approximate Lot Size (Acres)0.12 acres
Total Parking3
Garage Parking
Year Built1917
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningRG-5
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 45 Freeland St, Worcester MA 01603
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureUnit 1 and 3 have 3 bedrooms. Unit 2 has 2 bedroom
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$0
Total Gross Income By Broker$60,000
Total Net Income By Broker$60,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.5
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 45 Freeland St, Worcester MA 01603
Real Estate Taxes$5,816
Tax Year2022
Assessed Value$382,400
Financial Data SourceOwner
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$60,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$60,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)8.67%
Location Information for 45 Freeland St, Worcester MA 01603
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Medical Facility, Laundromat, Public Transportation, T-station, Private School, University, Sidewalks
Contact Information for 45 Freeland St, Worcester MA 01603