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Canceled

45 Cedar Street, Worcester MA 01609

$590,000

Estimated $2,471.68/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $590,000

Total Rent: 12/year

Estimated CAP Rate: -3.08%

8 Bedrooms

1 Full, 4 Half Baths

8,876 SqFt

Total Parking: 6 (1 Garage)

8,555 SqFt

DEVELOPER/CONTRACTOR opportunity!! Historic Edwin Kelley House built in 1887, offered for development in new WPI South Village. Pending agreement but contingencies not met. Seller may accept offers not subject to financing. Previously used as the Salter Secretarial School and then the Becker Game Design Building, this gorgeous gem has retained most of its original details, including a semi-octagonal tower, porch and decorative shingle work. Used as office/classroom space, it is now ready for renovation and change of use to multi-family. Brand new parking lot and garage that was converted to storage shed. Newer heating system. Experienced investors with proven track record and proof of funds will be considered. Owner will provide new site plan to qualified buyer. Owner received approval from city new windows and replacement of porch slate roof. New driveway installed. Please read seller disclosure for more details on zoning and conversion. OPEN HOUSE SUNDAY APRIL 2 11:30-2:00

This home has been viewed 42 times

Last Checked: May 7th, 2024 at 4:11am (Source: MLS PIN #73075520)

Gross Income: $12

Gross Expenses: $18,180

Net Income Calc: $18,168

CAP Rate: -3.08%

Annual Expenses for 45 Cedar Street, Worcester MA 01609

Total Gross Expenses (Calculated)$18,180/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$18,180

Annual Income & Unit Breakdown for 45 Cedar Street, Worcester MA 01609

Total Gross Income (Calculated)$12

Unit 1

Rental Income$1

LeaseN

Bedrooms0

Bathrooms

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 45 Cedar Street, Worcester MA 01609

Listing ID73075520

Property TypeMulti Family

Price$590,000 ($66.47/SqFt)

Style5+ Family - 5+ Units Up/down

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total8,876 SqFt

Approximate Lot Size (Acres)0.2 acres

Total Parking6 (1 Garage)

Garage Parking1 / Detached

Year Built1887

Year Built SourcePublic Records

Year Renovated

Year Built DetailsCertified Historic,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningB01

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 45 Cedar Street, Worcester MA 01609

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$12

Total Net Income By Broker$12

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 45 Cedar Street, Worcester MA 01609

Real Estate Taxes$18,180

Tax Year2023

Assessed Value$591,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$12

BostonRealEstate.com Gross Income

Total Net Income By Broker$12

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-3.08%

Location Information for 45 Cedar Street, Worcester MA 01609

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Shopping, Park, Public Transportation, Private School, University

Contact Information for 45 Cedar Street, Worcester MA 01609

Agent

Name: Jason Saphire

Office

Name: www.HomeZu.com

Phone: 877-249-5478

Payment Calculator

, Interest

Property Taxes 1515

Principal & Interest 3635.39

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

www.HomeZu.com

Jason Saphire

Agent Phone

Office Phone

(877) 249-5478

Text Agent Call Agent Call Office

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EXIT