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Closed

79 Gates St, Worcester MA 01610

$485,000

Estimated $1,201.93/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $161,666.67

Total Rent: 0/year

Estimated CAP Rate: -1.03%

9 Bedrooms

3 Full Baths

3,906 SqFt

Total Parking: 3

6,787 SqFt

Great opportunity to own this three-unit property directly off Main Street in residential neighborhood and across from the University (Crystal) Park by Clark University in Worcester. This three-family home was family-owned for nearly 60 years and offers separate electric, gas, and laundry connections for each floor, custom built-ins, woodworking, trim, and hardwood floors. TLC needed. Updates over the years include newer furnace, three newer water heaters, and three 100-amp circuit breakers. Nice size backyard and ample parking w/possible room for expansion, tons of storage for each unit including a full walkout basement. Property qualifies for the Clark University Park Partnership Scholarship Program with special requirements making it a great long-term investment. Tons of amenities nearby with easy access to major routes. This is a tremendous investment opportunity for owner occupants and investors wanting additional income. Schedule a showing today and earn instant cash flow!

This home has been viewed 33 times

Last Checked: May 7th, 2024 at 5:01am (Source: MLS PIN #73094898)

Gross Income: $0

Gross Expenses: $4,986

Net Income Calc: $4,986

CAP Rate: -1.03%

Annual Expenses for 79 Gates St, Worcester MA 01610

Total Gross Expenses (Calculated)$4,986/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,986

Annual Income & Unit Breakdown for 79 Gates St, Worcester MA 01610

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 79 Gates St, Worcester MA 01610

Listing ID73094898

Property TypeMulti Family / 3 Family

Price$485,000 ($124.17/SqFt)

Style3 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,906 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking3

Garage Parking

Year Built1898

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningRG-5

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 79 Gates St, Worcester MA 01610

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area DisclosureTLC needed. Some bedrooms are without closets. Cat

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.25

Facilitator Compensation2.25

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 79 Gates St, Worcester MA 01610

Real Estate Taxes$4,986

Tax Year2023

Assessed Value$347,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.03%

Location Information for 79 Gates St, Worcester MA 01610

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Tennis Court(s), University

Contact Information for 79 Gates St, Worcester MA 01610

Agent

Name: Albert Surabian

Office

Name: Real Broker MA, LLC

Phone: 855-450-0442

Team Members

Payment Calculator

, Interest

Property Taxes 415.5

Principal & Interest 2988.42

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Real Broker MA, LLC

Albert Surabian

Agent Phone

Office Phone

(855) 450-0442

Text Agent Call Agent Call Office

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EXIT

Closed

79 Gates St, Worcester MA 01610

$485,000

Annual Expenses for 79 Gates St, Worcester MA 01610

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General Information for 79 Gates St, Worcester MA 01610

Disclosures for 79 Gates St, Worcester MA 01610

Financial Information for 79 Gates St, Worcester MA 01610

Location Information for 79 Gates St, Worcester MA 01610

Contact Information for 79 Gates St, Worcester MA 01610

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Albert Surabian