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Closed

2,4,6 Pond Terrace, Millbury MA 01527

$398,000

Estimated $904.49/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $132,666.67

Total Rent: 34740/year

Estimated CAP Rate: 7.95%

3 Bedrooms

3 Full Baths

1,440 SqFt

Total Parking: 3

3,220 SqFt

A multi-family of 3 separate, free-standing cottages? Yes! And, across the road from Dorothy Pond - the view of the water from the cottages is refreshing! Each cottage has a living room, bedroom, kitchen, and full bath. Units #4 & #6 have mini-splits for heating and A/C; all units with newer water heaters. Recent landscaping. Each cottage has off-street parking. Pre-approval or proof of funds required. Please do not go onto the properties. OPEN HOUSE viewing: #4 POND TERR. ONLY on SUNDAY, APR 30, 11-1 pm

This home has been viewed 30 times

Last Checked: May 7th, 2024 at 7:06am (Source: MLS PIN #73103117)

Gross Income: $34,740

Gross Expenses: $3,109

Net Income Calc: $31,631

CAP Rate: 7.95%

Water Views

Beach Front

Annual Expenses for 2,4,6 Pond Terrace, Millbury MA 01527

Total Gross Expenses (Calculated)$3,109/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,109.50

Annual Income & Unit Breakdown for 2,4,6 Pond Terrace, Millbury MA 01527

Total Gross Income (Calculated)$34,740

Unit 1

Rental Income$795

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(none), Unit 3(none)

Unit 2

Rental Income$1,100

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(none), Unit 3(none)

Unit 3

Rental Income$1,000

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(none), Unit 3(none)

General Information for 2,4,6 Pond Terrace, Millbury MA 01527

Listing ID73103117

Property TypeMulti Family / 3 Family

Price$398,000 ($276.39/SqFt)

Style3 Family - 3 Units Side By Side

CityMillbury

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total1,440 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking3

Garage Parking

Year Built1927

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningMULTI

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesWalk To, Beach Front, 0 To 1/10 Mile To Beach, Lake/pond

Energy Features

Terms

Disclosures for 2,4,6 Pond Terrace, Millbury MA 01527

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureEach cottage is approximately 480 sq ft

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$3,000

Total Gross Income By Broker$34,740

Total Net Income By Broker$34,740

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%%

Facilitator Compensation2.5%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 2,4,6 Pond Terrace, Millbury MA 01527

Real Estate Taxes$3,109.50

Tax Year2022

Assessed Value$207,300

Financial Data Source

Total Gross Expenses By Broker$3,000

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$34,740

BostonRealEstate.com Gross Income

Total Net Income By Broker$34,740

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.95%

Location Information for 2,4,6 Pond Terrace, Millbury MA 01527

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Shopping, Medical Facility, Public Transportation

Contact Information for 2,4,6 Pond Terrace, Millbury MA 01527

Agent

Name: Angela Mann

Office

Name: ERA Key Realty Services - Worcester

Phone: 508-853-0964

Payment Calculator

, Interest

Property Taxes 259.13

Principal & Interest 2452.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

ERA Key Realty Services - Worcester

Angela Mann

Agent Phone

Office Phone

(508) 853-0964

Text Agent Call Agent Call Office

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    [description] => A multi-family of 3 separate, free-standing cottages?  Yes!    And, across the road from Dorothy Pond - the view of the water from the cottages is refreshing!  Each cottage has a living room, bedroom, kitchen, and full bath.  Units #4 & #6 have mini-splits for heating and A/C; all units with newer water heaters. Recent landscaping.  Each cottage has off-street parking.  Pre-approval or proof of funds required.  Please do not go onto the properties. OPEN HOUSE viewing:  #4 POND TERR. ONLY on SUNDAY, APR 30, 11-1 pm
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[id] => 342147
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[management_expense] => Array
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[middle_school] => 
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            [name] => ERA Key Realty Services - Worcester
            [phone] => 508-853-0964
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    [outdoor_space_available] => Array
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[owner_occupancy_source] => 
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        (
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[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
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[phone] => 508-471-8064
    [pool_features] => Array
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    [private_pool] => No
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[real_estate_tax] => $3,109.50
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[rent_includes] => Array
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            [1] => Unit 2(none)
            [2] => Unit 3(none)
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
        (
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[roof_material] => Array
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[rooms] => 9
    [senior_community] => No
    [sewer] => Array
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[sewer_expense] => Array
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[short_sale] => 
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[state] => Massachusetts
    [state_code] => MA
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[street_number] => 2,4,6
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[style] => Array
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[subagent_compensation] => 
    [tag_accessible_features] => 
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    [tax_year] => 2022
    [team] => Array
        (
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[terms] => Array
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[timber_acres] => None
    [title_5] => 
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    [total_gross_income] => 34740
    [total_parking] => 3
    [trash_expense] => Array
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[uffi] => Array
        (
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[unit_1_bathrooms] => 1 Full
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[unit_1_levels] => 1
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[unit_3_bathrooms] => 1 Full
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[unit_4_bathrooms] => 
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[unit_4_levels] => 
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[utilities] => Array
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[view] => Array
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[water] => Array
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[water_expense] => Array
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            [0] => $0
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[water_views] => Array
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[water_views_features] => Array
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[waterfront] => No
    [waterfront_features] => Array
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[year_built] => 1927
    [year_built_details] => Approximate
    [year_built_source] => Public Records
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    [zip] => 01527
    [zoning] => MULTI
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EXIT

Closed

2,4,6 Pond Terrace, Millbury MA 01527

$398,000

Annual Expenses for 2,4,6 Pond Terrace, Millbury MA 01527

Annual Income & Unit Breakdown for 2,4,6 Pond Terrace, Millbury MA 01527

General Information for 2,4,6 Pond Terrace, Millbury MA 01527

Disclosures for 2,4,6 Pond Terrace, Millbury MA 01527

Financial Information for 2,4,6 Pond Terrace, Millbury MA 01527

Location Information for 2,4,6 Pond Terrace, Millbury MA 01527

Contact Information for 2,4,6 Pond Terrace, Millbury MA 01527

Agent

Office

Payment Calculator

Exclusive Listing Agent

ERA Key Realty Services - Worcester

Angela Mann