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Expired

399 Lake Ave, Worcester MA 01604

$950,000

Estimated $2,012.34/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $950,000

Total Rent: 0/year

Estimated CAP Rate: -0.60%

0 Bedrooms

Baths

3,225 SqFt

Total Parking: 3

2,996 SqFt

Rare opportunity to own a five unit building in the sought-after Lake Park Area* Two studio units* Three 2 bedroom units* One studio unit just updated with fresh paint and new LVP flooring * three others updated within the last 10 years* Separate utilities* Water Views from all units* Great income and rental history with potential for increases* Potential 8 cap at market rents* 2 miles to UMASS Med School* Short walk to Quinsigamond State Park and beach* Quick access to schools, shopping, and major routes

This home has been viewed 37 times

Last Checked: May 7th, 2024 at 6:32am (Source: MLS PIN #73101587)

Gross Income: $0

Gross Expenses: $5,663

Net Income Calc: $5,663

CAP Rate: -0.60%

Annual Expenses for 399 Lake Ave, Worcester MA 01604

Total Gross Expenses (Calculated)$5,663/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,663

Annual Income & Unit Breakdown for 399 Lake Ave, Worcester MA 01604

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 399 Lake Ave, Worcester MA 01604

Listing ID73101587

Property TypeMulti Family / 5+ Family

Price$950,000

Style

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,225 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking3

Garage Parking

Year Built1920

Year Built Source

Year Renovated

Year Built Details

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation Description

Accessible Features

Outdoor Space

ZoningRL-7

Zoning DetailsLegal Non-Conforming

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 399 Lake Ave, Worcester MA 01604

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based On

Financial Information for 399 Lake Ave, Worcester MA 01604

Real Estate Taxes$5,663

Tax Year2023

Assessed Value

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.60%

Location Information for 399 Lake Ave, Worcester MA 01604

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 399 Lake Ave, Worcester MA 01604

Agent

Name: David Stead

Office

Name: RE/MAX Partners

Phone: 508-635-1600

Payment Calculator

, Interest

Property Taxes 471.92

Principal & Interest 5853.6

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Partners

David Stead

Agent Phone

Office Phone

(508) 635-1600

Text Agent Call Agent Call Office

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EXIT