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Expired

73 Southgate St, Worcester MA 01603

$710,000

Estimated $1,636.71/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $177,500

Total Rent: 102600/year

Estimated CAP Rate: 13.63%

6 Bedrooms

3 Full, 2 Half Baths

4,087 SqFt

Total Parking: 1

5,105 SqFt

Incredible opportunity to own this 4-unit mixed use building! CASH COW. The majority of the work has been done for you! Two of the three apartments have been renovated. The bar is a classic that can not be replicated. Ready to operate or lease for additional income! Conveniently located near many city landmarks--Polar Park, Union Station, Holy Cross, Clark University and major routes--290, Mass Pike, and 146. The area offers tons of potential to fill these units and increase your income as well as build your portfolio! Group showings Thursday 11/3 5-6pm

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 4:31am (Source: MLS PIN #73053336)

Gross Income: $102,600

Gross Expenses: $5,825

Net Income Calc: $96,775

CAP Rate: 13.63%

Annual Expenses for 73 Southgate St, Worcester MA 01603

Total Gross Expenses (Calculated)$5,825/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,825.43

Annual Income & Unit Breakdown for 73 Southgate St, Worcester MA 01603

Total Gross Income (Calculated)$102,600

Unit 1

Rental Income$2,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$900

Lease

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$3,500

Lease

Bedrooms0

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 73 Southgate St, Worcester MA 01603

Listing ID73053336

Property TypeMulti Family / 4 Family

Price$710,000 ($173.72/SqFt)

Style4 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total4,087 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking1

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningBL-1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 73 Southgate St, Worcester MA 01603

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureLiving area indicated on property field card from

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$102,000

Total Net Income By Broker$102,000

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 73 Southgate St, Worcester MA 01603

Real Estate Taxes$5,825.43

Tax Year2022

Assessed Value$383,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$102,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$102,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)13.63%

Location Information for 73 Southgate St, Worcester MA 01603

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, T-station, Pool, Tennis Court(s)

Contact Information for 73 Southgate St, Worcester MA 01603

Agent

Name: Mulryan and Maher Group

Office

Name: Emerson REALTORS®

Phone: 508-832-5324

Payment Calculator

, Interest

Property Taxes 485.45

Principal & Interest 4374.79

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Emerson REALTORS®

Mulryan and Maher Group

Agent Phone

Office Phone

(508) 832-5324

Text Agent Call Agent Call Office

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EXIT

Expired

73 Southgate St, Worcester MA 01603

$710,000

Annual Expenses for 73 Southgate St, Worcester MA 01603

Annual Income & Unit Breakdown for 73 Southgate St, Worcester MA 01603

General Information for 73 Southgate St, Worcester MA 01603

Disclosures for 73 Southgate St, Worcester MA 01603

Financial Information for 73 Southgate St, Worcester MA 01603

Location Information for 73 Southgate St, Worcester MA 01603

Contact Information for 73 Southgate St, Worcester MA 01603

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