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Closed

637 Southbridge St, Worcester MA 01610

$439,900

Estimated $1,299.22/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $146,633.33

Total Rent: 31920/year

Estimated CAP Rate: 5.66%

4 Bedrooms

3 Full Baths

3,068 SqFt

Total Parking: 5

6,791 SqFt

Investors take notice solid 3 unit multifamily located close to shopping, Colleges, Polar Park, Routes 290, 146 and 20. First floor kitchen and bath was remodeled in 2019 and features stainless applainces, good sized living room, dining room, 2 bedrooms, two fireplaces, steam heat and baseboards. The second floor has two units each with 1 bedroom, remodeled baths and parlor gas heating. All the units have hardwood floors throughout and wall to wall in some bedrooms, but with hardwood underneath. Tenant at will for all three units with rents below market value due to longevity. There are seperate utilities, off street parking, updated electrical with landlord meter for common areas, roof approximately 10 years old, water tanks are 2016, 2017 and 2021, and laundry hook-ups in each unit. Porchs were remodeled last year with maintenance free decking and vinyl railings. SHOWINGS: First showings at APPOINTMENT ONLY buyer agent accompanied showings Wednesday, June 21 from 4:00 to 6:00 P.M

This home has been viewed 28 times

Last Checked: May 7th, 2024 at 9:16am (Source: MLS PIN #73126522)

Gross Income: $31,920

Gross Expenses: $7,031

Net Income Calc: $24,889

CAP Rate: 5.66%

Annual Expenses for 637 Southbridge St, Worcester MA 01610

Total Gross Expenses (Calculated)$7,031/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,031

Annual Income & Unit Breakdown for 637 Southbridge St, Worcester MA 01610

Total Gross Income (Calculated)$31,920

Unit 1

Rental Income$1,300

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$700

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$660

Lease

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 637 Southbridge St, Worcester MA 01610

Listing ID73126522

Property TypeMulti Family / 3 Family

Price$439,900 ($143.38/SqFt)

Style3 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,068 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking5

Garage Parking

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRG-5

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 637 Southbridge 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$15,600

Total Net Income By Broker$31,920

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 637 Southbridge St, Worcester MA 01610

Real Estate Taxes$7,031

Tax Year2023

Assessed Value$490,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$15,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$31,920

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.66%

Location Information for 637 Southbridge St, Worcester MA 01610

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Shopping, Public Transportation

Contact Information for 637 Southbridge St, Worcester MA 01610

Agent

Name: Jayne Diliberto Porter

Office

Name: A. J. Homes

Phone: 774-535-2922

Payment Calculator

, Interest

Property Taxes 585.92

Principal & Interest 2710.52

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

A. J. Homes

Jayne Diliberto Porter

Agent Phone

Office Phone

(774) 535-2922

Text Agent Call Agent Call Office

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EXIT

Closed

637 Southbridge St, Worcester MA 01610

$439,900

Annual Expenses for 637 Southbridge St, Worcester MA 01610

Annual Income & Unit Breakdown for 637 Southbridge St, Worcester MA 01610

General Information for 637 Southbridge St, Worcester MA 01610

Disclosures for 637 Southbridge St, Worcester MA 01610

Financial Information for 637 Southbridge St, Worcester MA 01610

Location Information for 637 Southbridge St, Worcester MA 01610

Contact Information for 637 Southbridge St, Worcester MA 01610

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Jayne Diliberto Porter