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Canceled

41 Richmond Avenue, Worcester MA 01602

$599,000

Estimated $1,480.61/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $299,500

Total Rent: 52200/year

Estimated CAP Rate: 7.69%

5 Bedrooms

2 Full Baths

4,332 SqFt

Total Parking: 5 (1 Garage)

6,253 SqFt

Location, Location, Location! Investors & Owner Occupiers Don't Miss this Fabulous 2 Family on the West Side! Current owners have maintained and upgraded the home and units consistently throughout their ownership. Each unit has beautiful newer Hardwood Flooring, Neutral Interior Paint, Updated Kitchen with Large Granite Top Island, Updated Baths w/Vintage Style Tile Flooring, Kitchen with stylish laminate flooring and very young appliances. The units get tons of natural light and washer/dryers are in unit! Roof, Windows, heating systems were done around 2005. Both Units have that Old World Charm and each has their own Vibe - Unit one currently has a contemporary vibe and Unit 2 also has a real Zen feel! Parking for at least 4 cars in the driveway and a one car detached garage sits to the rear of the property. Easy to maintain exterior with vinyl siding, small yard to enjoy without the hassle of yardwork. Will be putting group showings together shortly.

This home has been viewed 24 times

Last Checked: May 7th, 2024 at 4:31am (Source: MLS PIN #73094617)

Gross Income: $52,200

Gross Expenses: $6,112

Net Income Calc: $46,088

CAP Rate: 7.69%

Annual Expenses for 41 Richmond Avenue, Worcester MA 01602

Total Gross Expenses (Calculated)$6,112/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,112

Annual Income & Unit Breakdown for 41 Richmond Avenue, Worcester MA 01602

Total Gross Income (Calculated)$52,200

Unit 1

Rental Income$2,250

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$2,100

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 41 Richmond Avenue, Worcester MA 01602

Listing ID73094617

Property TypeMulti Family / 2 Family

Price$599,000 ($138.27/SqFt)

Style2 Family - 2 Units Up/down

CityWorcester

CountyWorcester

MLS AreaWest Side

Neighborhood(s)

Approximate Living Area Total4,332 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking5 (1 Garage)

Garage Parking1 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRL-7

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 41 Richmond Avenue, Worcester MA 01602

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$52,200

Total Net Income By Broker$52,200

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 41 Richmond Avenue, Worcester MA 01602

Real Estate Taxes$6,112

Tax Year2023

Assessed Value$426,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$52,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$52,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.69%

Location Information for 41 Richmond Avenue, Worcester MA 01602

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaWest Side

Area AmenitiesHouse Of Worship, Public School, Shopping, Medical Facility, Public Transportation, University

Contact Information for 41 Richmond Avenue, Worcester MA 01602

Agent

Name: Karen Russo

Office

Name: Coldwell Banker Realty - Worcester

Phone: 508-795-7500

Payment Calculator

, Interest

Property Taxes 509.33

Principal & Interest 3690.85

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Worcester

Karen Russo

Agent Phone

Office Phone

(508) 795-7500

Text Agent Call Agent Call Office

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EXIT