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36 Paine Street, Worcester MA 01605

$575,000

Estimated $1,421/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $191,666.67

Total Rent: 70200/year

Estimated CAP Rate:

9 Bedrooms

Baths

4051

Total Parking: 0

7,253 (0.17)

Large three family in good condition. Public record says each apartment is three bedrooms. Reality is each apartment is being used as a four bedroom apartment. Layout is six rooms, 3 or 4 bedrooms, living room, kitchen and separate laundry room. Lots of updates to major systems. First floor heat is gas to steam. Second and third floors are FHA by gas. Electrical service is in each unit. Replacement windows, doors and updated plumbing. LEAD CERTS FOR ALL THREE UNITS. Long term tenants on first and second floors. Third floor is vacant. Works for an investor or owner occupant. Rents noted are market rates.

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 5:36am (Source: MLS PIN #73098416)

Gross Income: $70,200

Gross Expenses: $5,859

Net Income Calc: $64,341

Water Views

Annual Expenses for 36 Paine Street, Worcester MA 01605

Total Gross Expenses (Calculated)$5,859/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5859

Annual Income & Unit Breakdown for 36 Paine Street, Worcester MA 01605

Total Gross Income (Calculated)$70,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 36 Paine Street, Worcester MA 01605

Listing ID73098416

Property TypeMulti Family / 3 Family

Price575000 ($141.94/SqFt)

Style3 Family - 3 Units Up/down

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total4051

Approximate Lot Size (Acres)0.17

Total Parking0

Garage Parking0

Year Built1904

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRG-5

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 36 Paine Street, Worcester MA 01605

Lead Paint

UFFI

Living Area Includes BasementNo

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 Compensation2.0

Facilitator Compensation0.0

Compensation Based OnNet Sale Price

Financial Information for 36 Paine Street, Worcester MA 01605

Real Estate Taxes5859

Tax Year2023

Assessed Value$408,600

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 36 Paine Street, Worcester MA 01605

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 36 Paine Street, Worcester MA 01605

Agent

Name: Michael C. Deluca

Office

Name: Coldwell Banker Realty - Worcester

Phone: 508-795-7500

Payment Calculator

, Interest

Property Taxes 488.25

Principal & Interest 3542.97

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Worcester

Michael C. Deluca

Agent Phone

Office Phone

(508) 795-7500

Text Agent Call Agent Call Office

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    [unparsed] => 36 Paine Street, Worcester MA 01605
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EXIT

29 More Photos

Closed

36 Paine Street, Worcester MA 01605

$575,000

Annual Expenses for 36 Paine Street, Worcester MA 01605

Annual Income & Unit Breakdown for 36 Paine Street, Worcester MA 01605

General Information for 36 Paine Street, Worcester MA 01605

Disclosures for 36 Paine Street, Worcester MA 01605

Financial Information for 36 Paine Street, Worcester MA 01605

Location Information for 36 Paine Street, Worcester MA 01605

Contact Information for 36 Paine Street, Worcester MA 01605

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Worcester

Michael C. Deluca