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 31 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
CAP Rate: 11.19%
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 Tax$5,859
Annual Income & Unit Breakdown for 36 Paine Street, Worcester MA 01605
Total Gross Income (Calculated)$70,200
Unit 1
Rental Income$1,950
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 2
Rental Income$1,950
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 3
Rental Income$1,950
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
General Information for 36 Paine Street, Worcester MA 01605
Listing ID73098416
Property TypeMulti Family / 3 Family
Price$575,000 ($141.94/SqFt)
Style3 Family - 3 Units Up/down
CityWorcester
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total4,051 SqFt
Approximate Lot Size (Acres)0.17 acres
Total Parking0
Garage Parking
Year Built1904
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesGentle Sloping, Level, Wooded
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningRG-5
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 36 Paine Street, Worcester MA 01605
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$52,800
Total Net Income By Broker$52,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.0
Facilitator Compensation0.0
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 36 Paine Street, Worcester MA 01605
Real Estate Taxes$5,859
Tax Year2023
Assessed Value$408,600
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$52,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$52,800
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)11.19%
Location Information for 36 Paine Street, Worcester MA 01605
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesSidewalks
Contact Information for 36 Paine Street, Worcester MA 01605