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Closed

1 Edgewood St, Worcester MA 01602

$525,000

Estimated $1,419.29/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $262,500

Total Rent: 35100/year

Estimated CAP Rate: 5.39%

6 Bedrooms

2 Full Baths

3,028 SqFt

Total Parking: 6 (2 Garage)

4,745 SqFt

Group Showing Saturday, May 6th, 1230-1 pm - appt req & buyer agents must be present. Fantastic two-family in a well-established area of Worcester. Close to colleges and all local amenities. This large 2 family has 3 beds and 1 bath on each floor with great hardwood floors, a fireplace, and large living and dining rooms with built-in cabinets and eat-in Kitchens. Each bedroom is grand in size, making this a terrific opportunity to add it to your portfolio. Long Term Tenants are at will and would love to stay. Layouts are identical on each floor. There is an unfinished attic area that could be finished off to add additional space for unit 2 or if another egress is added could be the third unit with approval needed from the city. The tenants are currently using a long driveway with a 2-car garage as a workshop. Group Showings will be held so as not to disturb the tenants as often. The seller will not vacate or give notice to any units prior to the sale.

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 6:41am (Source: MLS PIN #73107405)

Gross Income: $35,100

Gross Expenses: $6,816

Net Income Calc: $28,284

CAP Rate: 5.39%

Annual Expenses for 1 Edgewood St, Worcester MA 01602

Total Gross Expenses (Calculated)$6,816/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,816

Annual Income & Unit Breakdown for 1 Edgewood St, Worcester MA 01602

Total Gross Income (Calculated)$35,100

Unit 1

Rental Income$1,400

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesElectric, Gas, Unit 2(water), Unit 1(heat, Water)

Unit 2

Rental Income$1,525

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesElectric, Gas, Unit 2(water), Unit 1(heat, Water)

General Information for 1 Edgewood St, Worcester MA 01602

Listing ID73107405

Property TypeMulti Family / 2 Family

Price$525,000 ($173.38/SqFt)

Style2 Family - 2 Units Up/down

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,028 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRL-7

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1 Edgewood St, Worcester MA 01602

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$35,700

Total Net Income By Broker$35,700

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 1 Edgewood St, Worcester MA 01602

Real Estate Taxes$6,816

Tax Year2022

Assessed Value$448,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$35,700

BostonRealEstate.com Gross Income

Total Net Income By Broker$35,700

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.39%

Location Information for 1 Edgewood St, Worcester MA 01602

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Stable(s), Private School, University

Contact Information for 1 Edgewood St, Worcester MA 01602

Agent

Name: TOPP Realtors

Office

Name: OWN IT, A 100% Commission Brokerage

Phone: 508-667-4931

Team Members

Name: Spencer Fortwengler

Phone: 508-410-1781

Payment Calculator

, Interest

Property Taxes 568

Principal & Interest 3234.88

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

OWN IT, A 100% Commission Brokerage

TOPP Realtors

Agent Phone

Office Phone

(508) 667-4931

Text Agent Call Agent Call Office

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EXIT