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Closed

3 Irving Street, Worcester MA 01609

$950,000

Estimated $2,509.50/month Calculator

Multi Family

Total Units: 7

Price Per Unit: $135,714.29

Total Rent: 24000/year

Estimated CAP Rate: -0.57%

7 Bedrooms

7 Full Baths

6,143 SqFt

Total Parking: 0

2,332 SqFt

3 Irving Street is a meticulously maintained seven-unit multi-family property. The apartment building is currently 100% occupied, with tenants paying their own utilities. Each spacious unit includes a kitchen (with dining area), bedroom/living room, and modern bathroom with a full-size bathtub. There are 10-foot ceilings, tall thermal pane energy-efficient windows, and hardwood floors throughout. The common area includes new attractive vinyl plank flooring. Individual hot water tanks (located in the basement) and electrical meters (100-amp panel) for each unit. All apartments include two state-of-the-art, 220-amp heating units and new plumbing. A new roof will be installed prior to the transfer of ownership. Don't miss out on the upcoming Open House, Saturday, April 8th from 12:00-2:00!

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 5:16am (Source: MLS PIN #73095319)

Gross Income: $24,000

Gross Expenses: $29,422

Net Income Calc: $5,422

CAP Rate: -0.57%

Annual Expenses for 3 Irving Street, Worcester MA 01609

Total Gross Expenses (Calculated)$29,422/year

APOD AvailableYes

Heating

Electricity$1,080

Water$1,360

Gas$1,360

Insurance$6,790

Sewer$1,360

Trash Removal

Repair & Maintenance$1,500

Management$4,788

Miscellaneous$1,915

Real Estate Tax$11,629

Annual Income & Unit Breakdown for 3 Irving Street, Worcester MA 01609

Total Gross Income (Calculated)$24,000

Unit 1

Rental Income$1,000

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,000

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 3 Irving Street, Worcester MA 01609

Listing ID73095319

Property TypeMulti Family / 5+ Family

Price$950,000 ($154.65/SqFt)

Style5-9 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total6,143 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking0

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBrick/Mortar,Granite

Accessible Features

Outdoor Space

ZoningBG-6

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 3 Irving Street, Worcester MA 01609

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureEach unit includes 3 rooms - Living room/Bedroom,

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOther (see Remarks), Projected

Total Gross Expenses By Broker$29,428

Total Gross Income By Broker$95,760

Total Net Income By Broker$66,332

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 3 Irving Street, Worcester MA 01609

Real Estate Taxes$11,629

Tax Year2023

Assessed Value$707,900

Financial Data SourceOther (see Remarks), Projected

Total Gross Expenses By Broker$29,428

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$95,760

BostonRealEstate.com Gross Income

Total Net Income By Broker$66,332

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.57%

Location Information for 3 Irving Street, Worcester MA 01609

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Golf, Park, Medical Facility, Public Transportation, Private School

Contact Information for 3 Irving Street, Worcester MA 01609

Agent

Name: Madison O'Brien

Office

Name: Kelleher and Sadowsky Associates, Inc.

Phone: 508-755-0707

Payment Calculator

, Interest

Property Taxes 969.08

Principal & Interest 5853.6

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Kelleher and Sadowsky Associates, Inc.

Madison O'Brien

Agent Phone

Office Phone

(508) 755-0707

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

Closed

3 Irving Street, Worcester MA 01609

$950,000

Annual Expenses for 3 Irving Street, Worcester MA 01609

Annual Income & Unit Breakdown for 3 Irving Street, Worcester MA 01609

General Information for 3 Irving Street, Worcester MA 01609

Disclosures for 3 Irving Street, Worcester MA 01609

Financial Information for 3 Irving Street, Worcester MA 01609

Location Information for 3 Irving Street, Worcester MA 01609

Contact Information for 3 Irving Street, Worcester MA 01609

Agent

Office

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Exclusive Listing Agent

Kelleher and Sadowsky Associates, Inc.

Madison O'Brien