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Closed

27 Lafayette St, Worcester MA 01610

$549,900

Estimated $1,399.83/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $183,300

Total Rent: 55200/year

Estimated CAP Rate: 8.93%

8 Bedrooms

3 Full Baths

2,697 SqFt

Total Parking: 10

4,393 SqFt

Motivated seller! Three-family with a huge parking lot in the city's most actively developed area. Property is stabilized and currently makes $4600 in rents per month. All units are below market value and the total rent could be $5300. There is additional income from the newly setup coin-op laundry. Pro forma financial statement available upon request. Sits in a very lively neighborhood, short walk to the Polar Park and the Canal District with bars, restaurants and the Worcester Public Market. Off street parking for up to 10 cars. All 3 units have some updates done in the past 2 years. 3 furnaces installed in 2016. Lead certificates for all units. Landlord meter. Unit 3 is TAW. Potential for future expansion with a large walk-up attic. Great opportunity to own a piece of real estate in the city's most thriving and transforming area. Suitable for owner occupants or investors.

This home has been viewed 28 times

Last Checked: May 7th, 2024 at 9:16am (Source: MLS PIN #73106181)

Gross Income: $55,200

Gross Expenses: $6,098

Net Income Calc: $49,102

CAP Rate: 8.93%

Annual Expenses for 27 Lafayette St, Worcester MA 01610

Total Gross Expenses (Calculated)$6,098/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,098

Annual Income & Unit Breakdown for 27 Lafayette St, Worcester MA 01610

Total Gross Income (Calculated)$55,200

Unit 1

Rental Income$1,450

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,650

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 27 Lafayette St, Worcester MA 01610

Listing ID73106181

Property TypeMulti Family / 3 Family

Price$549,900 ($203.89/SqFt)

Style3 Family - 3 Units Up/down

CityWorcester

CountyWorcester

MLS AreaGreen Island

Neighborhood(s)

Approximate Living Area Total2,697 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking10

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsRenovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningBG-3

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesOther (See Remarks)

Terms

Disclosures for 27 Lafayette St, Worcester MA 01610

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$55,200

Total Net Income By Broker$55,200

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 27 Lafayette St, Worcester MA 01610

Real Estate Taxes$6,098

Tax Year2023

Assessed Value$425,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$55,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$55,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.93%

Location Information for 27 Lafayette St, Worcester MA 01610

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaGreen Island

Area Amenities

Contact Information for 27 Lafayette St, Worcester MA 01610

Agent

Name: Jason Saphire

Office

Name: www.HomeZu.com

Phone: 877-249-5478

Payment Calculator

, Interest

Property Taxes 508.17

Principal & Interest 3388.31

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

www.HomeZu.com

Jason Saphire

Agent Phone

Office Phone

(877) 249-5478

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

Closed

27 Lafayette St, Worcester MA 01610

$549,900

Annual Expenses for 27 Lafayette St, Worcester MA 01610

Annual Income & Unit Breakdown for 27 Lafayette St, Worcester MA 01610

General Information for 27 Lafayette St, Worcester MA 01610

Disclosures for 27 Lafayette St, Worcester MA 01610

Financial Information for 27 Lafayette St, Worcester MA 01610

Location Information for 27 Lafayette St, Worcester MA 01610

Contact Information for 27 Lafayette St, Worcester MA 01610

Agent

Office

Payment Calculator

Exclusive Listing Agent

www.HomeZu.com

Jason Saphire