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Closed

29 Arlington Street, Worcester MA 01604

$625,000

Estimated $1,630.83/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $208,333.33

Total Rent: 12000/year

Estimated CAP Rate: 0.73%

9 Bedrooms

3 Full, 1 Half Baths

4,353 SqFt

Total Parking: 4

4,500 SqFt

SUBSTANTIAL PRICE REDUCTION! Premier Worcester east side property. Long time family occupied. Check out this well maintained three family home located in the Vernon Street area. Vinyl sided exterior on corner lot. Each unit features three bedrooms with kitchen, living room and dining room. First floor unit includes an additional half bath, kitchen granite counter top, three season sun porch and newer gas boiler. Hardwood floors throughout the property. Roof is approximately 10-20 years old. Replacement windows throughout. Updated electrics with 100 amp circuit breakers for each unit. Public transportation nearby. Approximately 1 mile to T-Station and Polar Park. Easy access to UMASS Medical Center, routes 290 and the Mass Turnpike. Current rental income is below market price. Potential for four bedrooms in all units. Excellent investment opportunity, large rooms with lots of natural light. Off street parking for three vehicles with potential for four. All offers considered.

This home has been viewed 36 times

Last Checked: May 7th, 2024 at 3:06am (Source: MLS PIN #73093749)

Gross Income: $12,000

Gross Expenses: $7,408

Net Income Calc: $4,592

CAP Rate: 0.73%

Annual Expenses for 29 Arlington Street, Worcester MA 01604

Total Gross Expenses (Calculated)$7,408/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,408.79

Annual Income & Unit Breakdown for 29 Arlington Street, Worcester MA 01604

Total Gross Income (Calculated)$12,000

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water)

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water)

Unit 3

Rental Income$1,000

Lease

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water)

General Information for 29 Arlington Street, Worcester MA 01604

Listing ID73093749

Property TypeMulti Family / 3 Family

Price$625,000 ($143.58/SqFt)

Style3 Family - 3 Units Up/down

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total4,353 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking4

Garage Parking

Year Built1915

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot

Foundation Area1200

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRG-5

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 29 Arlington Street, Worcester MA 01604

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureYear built per public record is 1890. Seller stat

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNot Available

Total Gross Expenses By Broker$0

Total Gross Income By Broker$12,000

Total Net Income By Broker$12,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 29 Arlington Street, Worcester MA 01604

Real Estate Taxes$7,408.79

Tax Year2022

Assessed Value$487,100

Financial Data SourceNot Available

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$12,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$12,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.73%

Location Information for 29 Arlington Street, Worcester MA 01604

Elementary SchoolUnion Hill

Middle SchoolEast Middle

High SchoolNorth

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Park, Public Transportation, Private School

Contact Information for 29 Arlington Street, Worcester MA 01604

Agent

Name: Joseph Sama

Office

Name: The O'Rourke Group Real Estate Professionals

Phone: 774-312-6615

Payment Calculator

, Interest

Property Taxes 617.4

Principal & Interest 3851.05

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

The O'Rourke Group Real Estate Professionals

Joseph Sama

Agent Phone

Office Phone

(774) 312-6615

Text Agent Call Agent Call Office

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[perc_test] => Array
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EXIT

Closed

29 Arlington Street, Worcester MA 01604

$625,000

Annual Expenses for 29 Arlington Street, Worcester MA 01604

Annual Income & Unit Breakdown for 29 Arlington Street, Worcester MA 01604

General Information for 29 Arlington Street, Worcester MA 01604

Disclosures for 29 Arlington Street, Worcester MA 01604

Financial Information for 29 Arlington Street, Worcester MA 01604

Location Information for 29 Arlington Street, Worcester MA 01604

Contact Information for 29 Arlington Street, Worcester MA 01604

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Exclusive Listing Agent

The O'Rourke Group Real Estate Professionals

Joseph Sama