Overview Property Details Payment Calculator Walkability

Expired

1550 Main Street, Worcester MA 01603

$499,000

Estimated $1,253.13/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $249,500

Total Rent: 42900/year

Estimated CAP Rate: 7.53%

8 Bedrooms

2 Full Baths

3,394 SqFt

Total Parking: 4

15,070 SqFt

Well performing multi-family close to Park Avenue. This multi has the convenience of the city but tucked away in a secluded neighborhood. Each of the units are spacious 4 bedroom units with hardwoods throughout. Each unit has its own private porch. The attic offers plenty of...

This home has been viewed 42 times

Last Checked: May 7th, 2024 at 6:31am (Source: MLS PIN #73089356)

Gross Income: $42,900

Gross Expenses: $5,328

Net Income Calc: $37,572

CAP Rate: 7.53%

Annual Expenses for 1550 Main Street, Worcester MA 01603

Total Gross Expenses (Calculated)$5,328/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,328

Annual Income & Unit Breakdown for 1550 Main Street, Worcester MA 01603

Total Gross Income (Calculated)$42,900

Unit 1

Rental Income$1,700

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

Unit 2

Rental Income$1,875

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

General Information for 1550 Main Street, Worcester MA 01603

Listing ID73089356

Property TypeMulti Family

Price$499,000 ($147.02/SqFt)

StyleMulti Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,394 SqFt

Approximate Lot Size (Acres)0.35 acres

Total Parking4

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick, Stone

Lot FeaturesWooded, Steep Slope

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRL-7

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1550 Main Street, Worcester MA 01603

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureAll measurements are approximate, buyer agent to c

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$0

Total Gross Income By Broker$42,900

Total Net Income By Broker$42,900

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation2%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 1550 Main Street, Worcester MA 01603

Real Estate Taxes$5,328

Tax Year2022

Assessed Value$350,300

Financial Data SourceOwner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$42,900

BostonRealEstate.com Gross Income

Total Net Income By Broker$42,900

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.53%

Location Information for 1550 Main Street, Worcester MA 01603

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, Pool, Private School, University

Contact Information for 1550 Main Street, Worcester MA 01603

Agent

Name: Robert Bissonnette

MLS ID: CN227186

Office ID: AN6125

National Association ID: 453014206

Address: 103 Stone Road Apt A

City: East Brookfield

State: MA

Zip: 01515

Office

Name: Lamacchia Realty, Inc.

MLS Office ID: AN3002

Phone: 508-425-7372

Payment Calculator

$3,518.68 per month

30 Years Fixed, 6.75% Interest

Property Taxes $444.00

Principal & Interest $3,074.68

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lamacchia Realty, Inc.

Robert Bissonnette

Agent Phone

Office Phone

(508) 425-7372

Text Agent Call Agent Call Office

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[year_built] => 1910
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                    [id] => 7458618
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73089356&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 06:31:19
                    [modified] => 2024-05-07 06:31:19
                )

[21] => Array
                (
                    [id] => 7458619
                    [name] => MLS22.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73089356&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 06:31:19
                    [modified] => 2024-05-07 06:31:19
                )

[22] => Array
                (
                    [id] => 7458620
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73089356&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 06:31:19
                    [modified] => 2024-05-07 06:31:19
                )

[23] => Array
                (
                    [id] => 7458621
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73089356&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 06:31:19
                    [modified] => 2024-05-07 06:31:19
                )

[24] => Array
                (
                    [id] => 7458622
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73089356&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-05-07 06:31:19
                    [modified] => 2024-05-07 06:31:19
                )

[25] => Array
                (
                    [id] => 7458623
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73089356&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2024-05-07 06:31:19
                    [modified] => 2024-05-07 06:31:19
                )

[26] => Array
                (
                    [id] => 7458624
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73089356&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-05-07 06:31:19
                    [modified] => 2024-05-07 06:31:19
                )

[27] => Array
                (
                    [id] => 7458625
                    [name] => MLS28.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73089356&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-05-07 06:31:19
                    [modified] => 2024-05-07 06:31:19
                )

[28] => Array
                (
                    [id] => 7458626
                    [name] => MLS29.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73089356&w=1024&h=768&n=29
                    [index] => 29
                    [enabled] => 1
                    [created] => 2024-05-07 06:31:19
                    [modified] => 2024-05-07 06:31:19
                )

)

)

EXIT