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79 Gates St, Worcester MA 01610

$485,000

Estimated $1,202/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $161,666.67

Total Rent: 0/year

Estimated CAP Rate:

9 Bedrooms

Baths

3906

Total Parking: 3

6,787 (0.16)

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 42 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

Water Views

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 Tax4986

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

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 79 Gates St, Worcester MA 01610

Listing ID73094898

Property TypeMulti Family / 3 Family

Price485000 ($124.17/SqFt)

Style3 Family

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3906

Approximate Lot Size (Acres)0.16

Total Parking3

Garage Parking0

Year Built1898

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRG-5

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 79 Gates St, Worcester MA 01610

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.25

Facilitator Compensation2.25

Compensation Based OnNet Sale Price

Financial Information for 79 Gates St, Worcester MA 01610

Real Estate Taxes4986

Tax Year2023

Assessed Value$347,700

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 79 Gates St, Worcester MA 01610

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 79 Gates St, Worcester MA 01610

Agent

Name: Albert Surabian

Office

Name: Real Broker MA, LLC

Phone: 855-450-0442

Payment Calculator

, Interest

Property Taxes 415.5

Principal & Interest 2988.42

HOA Dues

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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    [unparsed] => 79 Gates St, Worcester MA 01610
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EXIT

39 More Photos

Closed

79 Gates St, Worcester MA 01610

$485,000

Annual Expenses for 79 Gates St, Worcester MA 01610

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

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

Agent

Office

Payment Calculator

Exclusive Listing Agent

Real Broker MA, LLC

Albert Surabian