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Closed

119 May St, Worcester MA 01602

$650,000

Estimated $1,661.14/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $162,500

Total Rent: 61800/year

Estimated CAP Rate: 8.39%

6 Bedrooms

4 Full Baths

3,479 SqFt

Total Parking: 6

5,847 SqFt

Amazing opportunity for an investor or owner occupant to own a 4 family unit!! This wonderfully maintained 4 family has a newer roof, a new paved driveway and retaining wall, and each unit has been renovated in the past few years. This is a picturesque turnkey property that is low maintenance and generates $5,100 per month in rental income, a few of the rents are below market for these units. Located on a corner lot close to shopping and main routes. Come see it quick before it's gone!

This home has been viewed 37 times

Last Checked: May 7th, 2024 at 4:56am (Source: MLS PIN #73059392)

Gross Income: $61,800

Gross Expenses: $7,286

Net Income Calc: $54,514

CAP Rate: 8.39%

Annual Expenses for 119 May St, Worcester MA 01602

Total Gross Expenses (Calculated)$7,286/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,286

Annual Income & Unit Breakdown for 119 May St, Worcester MA 01602

Total Gross Income (Calculated)$61,800

Unit 1

Rental Income$1,400

LeaseY

Bedrooms1

Bathrooms1 Full

Floor0

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,350

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,350

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,050

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 119 May St, Worcester MA 01602

Listing ID73059392

Property TypeMulti Family / 4 Family

Price$650,000 ($186.84/SqFt)

Style4 Family - 4 Units Up/down

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,479 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping, Corner Lot, Cleared, Flood Plain

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRL-7

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 119 May St, 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$61,200

Total Net Income By Broker$61,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1.5

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 119 May St, Worcester MA 01602

Real Estate Taxes$7,286

Tax Year2022

Assessed Value$479,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$61,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$61,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.39%

Location Information for 119 May St, Worcester MA 01602

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Public Transportation, University

Contact Information for 119 May St, Worcester MA 01602

Agent

Name: Konstantina Choros

Office

Name: Isos Realty, LLC

Phone: 508-353-8411

Payment Calculator

, Interest

Property Taxes 607.17

Principal & Interest 4005.09

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Isos Realty, LLC

Konstantina Choros

Agent Phone

Office Phone

(508) 353-8411

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

Closed

119 May St, Worcester MA 01602

$650,000

Annual Expenses for 119 May St, Worcester MA 01602

Annual Income & Unit Breakdown for 119 May St, Worcester MA 01602

General Information for 119 May St, Worcester MA 01602

Disclosures for 119 May St, Worcester MA 01602

Financial Information for 119 May St, Worcester MA 01602

Location Information for 119 May St, Worcester MA 01602

Contact Information for 119 May St, Worcester MA 01602

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Exclusive Listing Agent

Isos Realty, LLC

Konstantina Choros