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27 Lafayette St, Worcester MA 01610

$549,900

Estimated $1,400/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $183,300

Total Rent: 55200/year

Estimated CAP Rate:

8 Bedrooms

Baths

2697

Total Parking: 10

4,393 (0.10)

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 47 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

Water Views

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 Tax6098

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

Total Gross Income (Calculated)$55,200

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 27 Lafayette St, Worcester MA 01610

Listing ID73106181

Property TypeMulti Family / 3 Family

Price549900 ($203.89/SqFt)

Style3 Family - 3 Units Up/down

CityWorcester

CountyWorcester

MLS AreaGreen Island

Neighborhood(s)

Approximate Living Area Total2697

Approximate Lot Size (Acres)0.1

Total Parking10

Garage Parking0

Year Built1890

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningBG-3

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 27 Lafayette St, Worcester MA 01610

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSmall Fridge

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 27 Lafayette St, Worcester MA 01610

Real Estate Taxes6098

Tax Year2023

Assessed Value$425,300

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 27 Lafayette St, Worcester MA 01610

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

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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EXIT

14 More Photos

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