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Closed

246 Millbury St, Worcester MA 01610

$569,900

Estimated $1,440.51/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $189,966.67

Total Rent: 46800/year

Estimated CAP Rate: 7.12%

9 Bedrooms

3 Full Baths

3,596 SqFt

Total Parking: 8

4,882 SqFt

Opportunity knocks with this centrally located decker style 3 family, ideal for investors or owner occupants. All the units have near identical floor plans featuring large bedrooms, well proportioned kitchen/dining area and spacious living rooms. The property has undergone several updates over the years with vinyl siding, replacement windows, dedicated electric panels and separate utilities. The sale comprises two deeds on a large corner lot with abundant parking and a fenced in yard. All this in a prime location in close proximity to several major routes, minutes to commuter rail services, business district, and adjacent to Crompton Park. All tenancies are at will with potential for increased cash flow. Showings commence with the open houses on Jan 14th & 15th.

This home has been viewed 30 times

Last Checked: May 7th, 2024 at 3:16am (Source: MLS PIN #73069883)

Gross Income: $46,800

Gross Expenses: $6,197

Net Income Calc: $40,603

CAP Rate: 7.12%

Annual Expenses for 246 Millbury St, Worcester MA 01610

Total Gross Expenses (Calculated)$6,197/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,197

Annual Income & Unit Breakdown for 246 Millbury St, Worcester MA 01610

Total Gross Income (Calculated)$46,800

Unit 1

Rental Income$1,300

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,300

LeaseN

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,300

LeaseN

Bedrooms3

Bathrooms3 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 246 Millbury St, Worcester MA 01610

Listing ID73069883

Property TypeMulti Family / 3 Family

Price$569,900 ($158.48/SqFt)

Style3 Family - 3 Units Up/down

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,596 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking8

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel, Other, Corner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningBG-3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 246 Millbury St, Worcester MA 01610

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$46,800

Total Net Income By Broker$46,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 246 Millbury St, Worcester MA 01610

Real Estate Taxes$6,197

Tax Year2022

Assessed Value$407,400

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$46,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$46,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.12%

Location Information for 246 Millbury St, Worcester MA 01610

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 246 Millbury St, Worcester MA 01610

Agent

Name: Mony Nhem

Office

Name: Century 21 North East

Phone: 603-893-8230

Team Members

Name: Philip & Hrono Partners

Phone: 978-699-3001

Payment Calculator

, Interest

Property Taxes 516.42

Principal & Interest 3511.54

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Mony Nhem

Agent Phone

Office Phone

(603) 893-8230

Text Agent Call Agent Call Office

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EXIT

Closed

246 Millbury St, Worcester MA 01610

$569,900

Annual Expenses for 246 Millbury St, Worcester MA 01610

Annual Income & Unit Breakdown for 246 Millbury St, Worcester MA 01610

General Information for 246 Millbury St, Worcester MA 01610

Disclosures for 246 Millbury St, Worcester MA 01610

Financial Information for 246 Millbury St, Worcester MA 01610

Location Information for 246 Millbury St, Worcester MA 01610

Contact Information for 246 Millbury St, Worcester MA 01610

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Century 21 North East

Mony Nhem