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Closed

26 Lafayette, Worcester MA 01608

$649,900

Estimated $1,053.81/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $162,475

Total Rent: 79200/year

Estimated CAP Rate: 12.19%

8 Bedrooms

4 Full Baths

2,464 SqFt

Total Parking: 0

2,613 SqFt

This could very well be the nicest four-family property in Worcester... Set along Lafayette Street, just a short walk from Polar Park (home of the Woo Sox), this meticulously renovated four-family is now ready for the next investor to fill with tenants and enjoy the profits! Four beautiful two-bedroom units have all been very recently updated with flooring, paint, bathrooms, kitchens, and appliances. And, there is the very real potential for an additional LARGE 5th UNIT or two smaller (5th and 6th UNITS) in the large walk-up third floor space, which is currently insulated and sheet rocked, but not finished. This thriving area of Worcester is quickly becoming one of the city's most exciting, vibrant neighborhoods! Trendy restaurants and unique shops are opening their doors daily to the many who come to root for the Sox or just to enjoy a great meal. Don't miss this chance to own what might be Worcester's finest four-family property!

This home has been viewed 33 times

Last Checked: May 7th, 2024 at 8:16am (Source: MLS PIN #73099675)

Gross Income: $79,200

Gross Expenses: $0

Net Income Calc: $79,200

CAP Rate: 12.19%

Annual Expenses for 26 Lafayette, Worcester MA 01608

Total Gross Expenses (Calculated)$0/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax

Annual Income & Unit Breakdown for 26 Lafayette, Worcester MA 01608

Total Gross Income (Calculated)$79,200

Unit 1

Rental Income$1,650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$1,650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 26 Lafayette, Worcester MA 01608

Listing ID73099675

Property TypeMulti Family / 4 Family

Price$649,900 ($263.76/SqFt)

Style4 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,464 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot

Foundation Area1232

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRG-5

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 26 Lafayette, Worcester MA 01608

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$79,200

Total Net Income By Broker$79,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation1.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 26 Lafayette, Worcester MA 01608

Real Estate Taxes

Tax Year2023

Assessed Value

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$79,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$79,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)12.19%

Location Information for 26 Lafayette, Worcester MA 01608

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Shopping, Park, Medical Facility, Laundromat, Public Transportation, Sidewalks

Contact Information for 26 Lafayette, Worcester MA 01608

Agent

Name: Richard Wilcox

Office

Name: Distinctly New England

Phone: 978-443-3141

Payment Calculator

, Interest

Property Taxes 0

Principal & Interest 4004.48

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Distinctly New England

Richard Wilcox

Agent Phone

Office Phone

(978) 443-3141

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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)

EXIT

Closed

26 Lafayette, Worcester MA 01608

$649,900

Annual Expenses for 26 Lafayette, Worcester MA 01608

Annual Income & Unit Breakdown for 26 Lafayette, Worcester MA 01608

General Information for 26 Lafayette, Worcester MA 01608

Disclosures for 26 Lafayette, Worcester MA 01608

Financial Information for 26 Lafayette, Worcester MA 01608

Location Information for 26 Lafayette, Worcester MA 01608

Contact Information for 26 Lafayette, Worcester MA 01608

Agent

Office

Payment Calculator

Exclusive Listing Agent

Distinctly New England

Richard Wilcox