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1 Edgewood St, Worcester MA 01602

$525,000

Estimated $1,419/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $262,500

Total Rent: 35100/year

Estimated CAP Rate:

6 Bedrooms

Baths

3028

Total Parking: 6 (2 Garage)

4,745 (0.11)

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 46 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

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 Tax6816

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

Total Gross Income (Calculated)$35,100

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 1 Edgewood St, Worcester MA 01602

Listing ID73107405

Property TypeMulti Family / 2 Family

Price525000 ($173.38/SqFt)

Style2 Family - 2 Units Up/down

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3028

Approximate Lot Size (Acres)0.11

Total Parking6 (2 Garage)

Garage Parking2

Year Built1890

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRL-7

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 1 Edgewood St, Worcester MA 01602

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWine Refrigerator In Basement

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation0

Compensation Based OnNet Sale Price

Financial Information for 1 Edgewood St, Worcester MA 01602

Real Estate Taxes6816

Tax Year2022

Assessed Value$448,100

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 1 Edgewood St, Worcester MA 01602

Neighborhood(s)

Area AmenitiesWalk/jog Trails

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

Payment Calculator

, Interest

Property Taxes 568

Principal & Interest 3234.88

HOA Dues

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

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