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Canceled

45 Cedar Street, Worcester MA 01609

$590,000

Estimated $2,472/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $590,000

Total Rent: 12/year

Estimated CAP Rate:

8 Bedrooms

Baths

8876

Total Parking: 6 (1 Garage)

8,555 (0.20)

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 54 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

Water Views

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 Tax18180

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

Total Gross Income (Calculated)$12

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor1

Levels in Unit1

Rent Includes

General Information for 45 Cedar Street, Worcester MA 01609

Listing ID73075520

Property TypeMulti Family

Price590000 ($66.47/SqFt)

Style5+ Family - 5+ Units Up/down

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total8876

Approximate Lot Size (Acres)0.2

Total Parking6 (1 Garage)

Garage Parking1

Year Built1887

Year Built SourcePublic Records

Year Built DetailsCertified Historic,Renovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB01

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 45 Cedar Street, Worcester MA 01609

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceMeasured

ExclusionsAll Personal Property.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation0

Compensation Based OnNet Sale Price

Financial Information for 45 Cedar Street, Worcester MA 01609

Real Estate Taxes18180

Tax Year2023

Assessed Value$591,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 45 Cedar Street, Worcester MA 01609

Neighborhood(s)

Area AmenitiesWalk/jog Trails

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

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

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