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Closed

1 Marmion Ave, Worcester MA 01606

$424,900

Estimated $1,100.97/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $212,450

Total Rent: 9600/year

Estimated CAP Rate: 1.10%

4 Bedrooms

2 Full Baths

1,520 SqFt

Total Parking: 3

5,210 SqFt

OFFERS DUE MONDAY 4/3 10AM***NEW LISTING! ***2 FAMILY IN BURNCOAT AREA OF WORCESTER!*** Wonderful opportunity for an owner-occupant or an investor looking to expand their portfolio! Two units with 2 bedrooms each and shared use of the full basement for laundry and storage. There is a finished office space and closet as well. Lovely hardwood flooring in the main living rooms and bedrooms. Updated kitchen and bath in 1st unit. Updated bath in 2nd unit. Ample closet space in both. Exterior has a paved parking area, patio, and shed. Energy efficient with shared utilities, insulated attic, metal roof, vinyl siding and new windows as of this month. Close to Burncoat Middle and High Schools as well as easy commuter highway access. Owner occupied with pre-pandemic rental rate for the 2nd unit. Will be delivered with 1st unit vacant. May 31st closing. Showings at the open houses on 4/1 and 4/2; 11am to 1pm only. See attachment for property details and inclusions/exclusions.

This home has been viewed 44 times

Last Checked: May 7th, 2024 at 4:11am (Source: MLS PIN #73092517)

Gross Income: $9,600

Gross Expenses: $4,944

Net Income Calc: $4,656

CAP Rate: 1.10%

Annual Expenses for 1 Marmion Ave, Worcester MA 01606

Total Gross Expenses (Calculated)$4,944/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,944

Annual Income & Unit Breakdown for 1 Marmion Ave, Worcester MA 01606

Total Gross Income (Calculated)$9,600

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesWater, Hot Water), Unit 2(heat

Unit 2

Rental Income$800

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesWater, Hot Water), Unit 2(heat

General Information for 1 Marmion Ave, Worcester MA 01606

Listing ID73092517

Property TypeMulti Family / 2 Family

Price$424,900 ($279.54/SqFt)

Style2 Family - 2 Units Up/down

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total1,520 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking3

Garage Parking

Year Built1967

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot, Cleared

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRL-7

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1 Marmion Ave, Worcester MA 01606

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureLower level contains a heated locking office

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$9,600

Total Net Income By Broker$9,600

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 1 Marmion Ave, Worcester MA 01606

Real Estate Taxes$4,944

Tax Year2023

Assessed Value$344,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$9,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$9,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.10%

Location Information for 1 Marmion Ave, Worcester MA 01606

Elementary School

Middle SchoolBurncoat

High SchoolBurncoat

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Public Transportation

Contact Information for 1 Marmion Ave, Worcester MA 01606

Agent

Name: Amy Mullen

Office

Name: RE/MAX Prof Associates

Phone: 508-799-4900

Payment Calculator

, Interest

Property Taxes 412

Principal & Interest 2618.1

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Prof Associates

Amy Mullen

Agent Phone

Office Phone

(508) 799-4900

Text Agent Call Agent Call Office

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[perc_test] => Array
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[uffi] => Array
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                    [name] => MLS20.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73092517&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[20] => Array
                (
                    [id] => 7196148
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73092517&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[21] => Array
                (
                    [id] => 7196149
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73092517&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[22] => Array
                (
                    [id] => 7196150
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73092517&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

)

)

EXIT