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Closed

76 Fairhaven Rd, Worcester MA 01606

$690,000

Estimated $1,650.58/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $230,000

Total Rent: 69600/year

Estimated CAP Rate: 9.16%

6 Bedrooms

3 Full Baths

3,576 SqFt

Total Parking: 14 (4 Garage)

6,090 SqFt

Big 2 Lot 3-Family in the Greendale Area w/ Oversized Lot, Paved Driveway & 4 Car Garage!! This property has equity potential. Replacement Windows, Vinyl Siding, Gas Heating. Units consist of 2 Big Bedrooms, Eat-in Kitchen, Living/Dining Room w/ Hardwood Flooring, High Ceilings. 1st floor are tenancy at will and are under market value. Units need a little updating and can generate at least $2,000 per floor with cosmetic repairs. Each garage has the potential to generate $150 per bay. All showings begin at the Open House Saturday 2/18 & Sunday 2/19 From 12:00 - 1:30 PM

This home has been viewed 24 times

Last Checked: May 7th, 2024 at 3:16am (Source: MLS PIN #73079641)

Gross Income: $69,600

Gross Expenses: $6,381

Net Income Calc: $63,219

CAP Rate: 9.16%

Annual Expenses for 76 Fairhaven Rd, Worcester MA 01606

Total Gross Expenses (Calculated)$6,381/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,381

Annual Income & Unit Breakdown for 76 Fairhaven Rd, Worcester MA 01606

Total Gross Income (Calculated)$69,600

Unit 1

Rental Income$1,800

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

Unit 3

Rental Income$2,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit3

HeatingNo

Rent Includes

General Information for 76 Fairhaven Rd, Worcester MA 01606

Listing ID73079641

Property TypeMulti Family / 3 Family

Price$690,000 ($192.95/SqFt)

Style3 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,576 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking14 (4 Garage)

Garage Parking4 / Detached

Year Built1913

Year Built SourcePublic Records

Year Renovated

Year Built DetailsCertified Historic

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRL-7

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 76 Fairhaven Rd, Worcester MA 01606

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$69,600

Total Net Income By Broker$69,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 76 Fairhaven Rd, Worcester MA 01606

Real Estate Taxes$6,381

Tax Year2022

Assessed Value$419,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$69,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$69,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.16%

Location Information for 76 Fairhaven Rd, Worcester MA 01606

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Golf, Park, Medical Facility, Bike Path, Public Transportation, T-station, University

Contact Information for 76 Fairhaven Rd, Worcester MA 01606

Agent

Name: Jesse Freire

Office

Name: Coldwell Banker Realty - Beverly

Phone: 978-927-1111

Payment Calculator

, Interest

Property Taxes 531.75

Principal & Interest 4251.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Beverly

Jesse Freire

Agent Phone

Office Phone

(978) 927-1111

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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[year_built] => 1913
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    [zip] => 01606
    [zoning] => RL-7
    [zoning_details] => 
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)

EXIT

Closed

76 Fairhaven Rd, Worcester MA 01606

$690,000

Annual Expenses for 76 Fairhaven Rd, Worcester MA 01606

Annual Income & Unit Breakdown for 76 Fairhaven Rd, Worcester MA 01606

General Information for 76 Fairhaven Rd, Worcester MA 01606

Disclosures for 76 Fairhaven Rd, Worcester MA 01606

Financial Information for 76 Fairhaven Rd, Worcester MA 01606

Location Information for 76 Fairhaven Rd, Worcester MA 01606

Contact Information for 76 Fairhaven Rd, Worcester MA 01606

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Beverly

Jesse Freire