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Closed

40 Milton St, Worcester MA 01605

$735,000

Estimated $1,896.63/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $183,750

Total Rent: 84600/year

Estimated CAP Rate: 9.75%

6 Bedrooms

4 Full Baths

3,537 SqFt

Total Parking: 6

12,340 SqFt

!! Three family building & a single family on one lot !! The three family offers spacious 2 bedroom/1 bathroom units with front and back porches and storage closets. There is hook up for coin op laundry in the front entry of the three family. Units have been well maintained. Natural gas, city water & sewer. All utilities individually metered and located in the spotless, clean and dry basement. Single family house offers 3-4 bedrooms and a full bathroom, large kitchen and living room, full basement for storage and a porch. Rents are below market, all tenants are on government programs (WHA/Open Sky) as TAW. *Rents and total monthly rent reflected in MLS are estimated based on current market rents.* Nice lot with storage shed. Off street parking (see disclosures regarding utility easement). Clustered in with nice residential homes. Great access to 190/290. Walking distance to Chick-fil-a, Olo Pizza & Greater Good Brewing! What an opportunity to add a unique property to your portfolio

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 6:01am (Source: MLS PIN #73079770)

Gross Income: $84,600

Gross Expenses: $12,902

Net Income Calc: $71,698

CAP Rate: 9.75%

Annual Expenses for 40 Milton St, Worcester MA 01605

Total Gross Expenses (Calculated)$12,902/year

APOD AvailableNo

Heating

Electricity$132

Water$1,025

Gas$1,025

Insurance$3,167

Sewer$1,025

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,458

Annual Income & Unit Breakdown for 40 Milton St, Worcester MA 01605

Total Gross Income (Calculated)$84,600

Unit 1

Rental Income$1,650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$2,100

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

General Information for 40 Milton St, Worcester MA 01605

Listing ID73079770

Property TypeMulti Family / 4 Family

Price$735,000 ($207.8/SqFt)

Style4 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,537 SqFt

Approximate Lot Size (Acres)0.28 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesEasements

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningMG-2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 40 Milton St, Worcester MA 01605

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure3 Family (2,649 SF) + Single Family (888 SF)

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated, Owner, Limited Information

Total Gross Expenses By Broker$4,444

Total Gross Income By Broker$84,600

Total Net Income By Broker$80,156

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation1.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 40 Milton St, Worcester MA 01605

Real Estate Taxes$8,458

Tax Year2022

Assessed Value$556,100

Financial Data SourceEstimated, Owner, Limited Information

Total Gross Expenses By Broker$4,444

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$84,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$80,156

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.75%

Location Information for 40 Milton St, Worcester MA 01605

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 40 Milton St, Worcester MA 01605

Agent

Name: Maria Troka

Office

Name: A & E Realty Company, Inc.

Phone: 508-835-1190

Payment Calculator

, Interest

Property Taxes 704.83

Principal & Interest 4528.84

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

A & E Realty Company, Inc.

Maria Troka

Agent Phone

Office Phone

(508) 835-1190

Text Agent Call Agent Call Office

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EXIT

Closed

40 Milton St, Worcester MA 01605

$735,000

Annual Expenses for 40 Milton St, Worcester MA 01605

Annual Income & Unit Breakdown for 40 Milton St, Worcester MA 01605

General Information for 40 Milton St, Worcester MA 01605

Disclosures for 40 Milton St, Worcester MA 01605

Financial Information for 40 Milton St, Worcester MA 01605

Location Information for 40 Milton St, Worcester MA 01605

Contact Information for 40 Milton St, Worcester MA 01605

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Exclusive Listing Agent

A & E Realty Company, Inc.

Maria Troka