Overview Property Details Payment Calculator Walkability

Expired

1029-1039 Main St, Worcester MA 01603

$6,590,000

Estimated $12,993.65/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $6,590,000

Total Rent: 0/year

Estimated CAP Rate: -0.42%

0 Bedrooms

Baths

20,000 SqFt

Total Parking: 48

15,331 SqFt

Rare opportunity to own a turnkey 33 unit property that's a 7 minute walk from prestigious Clark University* Great Cash Flow* Many units were recently renovated* 1029 Main Street features all new electrical panels, new electric baseboard heat, three units currently being co...

This home has been viewed 17 times

Last Checked: May 7th, 2024 at 4:42am (Source: MLS PIN #73086971)

Gross Income: $0

Gross Expenses: $27,696

Net Income Calc: $27,696

CAP Rate: -0.42%

Annual Expenses for 1029-1039 Main St, Worcester MA 01603

Total Gross Expenses (Calculated)$27,696/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$27,696

Annual Income & Unit Breakdown for 1029-1039 Main St, Worcester MA 01603

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 1029-1039 Main St, Worcester MA 01603

Listing ID73086971

Property TypeMulti Family / 5+ Family

Price$6,590,000

Style

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total20,000 SqFt

Approximate Lot Size (Acres)0.35 acres

Total Parking48

Garage Parking

Year Built1920

Year Built Source

Year Renovated

Year Built Details

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation Description

Accessible Features

Outdoor Space

ZoningBG-3

Zoning DetailsLegal Conforming

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1029-1039 Main St, Worcester MA 01603

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$138,363

Total Gross Income By Broker$555,300

Total Net Income By Broker$416,937

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 1029-1039 Main St, Worcester MA 01603

Real Estate Taxes$27,696

Tax Year2023

Assessed Value

Financial Data Source

Total Gross Expenses By Broker$138,363

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$555,300

BostonRealEstate.com Gross Income

Total Net Income By Broker$416,937

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.42%

Location Information for 1029-1039 Main St, Worcester MA 01603

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 1029-1039 Main St, Worcester MA 01603

Agent

Name: James Kalogeropoulos

MLS ID: K9502917

Office ID: AN8069

National Association ID: 453010020

Address: 37 Greenwood Road

City: Andover

State: MA

Zip: 01810

Office

Name: RE/MAX Partners

MLS Office ID: G62134

Phone: 978-475-2100

Payment Calculator

$42,913.48 per month

30 Years Fixed, 6.75% Interest

Property Taxes $2,308.00

Principal & Interest $40,605.48

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Partners

James Kalogeropoulos

Agent Phone

Office Phone

(978) 475-2100

Text Agent Call Agent Call Office

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)

EXIT