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Expired

707-711 Main Street, Worcester MA 01610

$1,995,000

Estimated $5,234.88/month Calculator

Multi Family

Total Units: 18

Price Per Unit: $110,833.33

Total Rent: 0/year

Estimated CAP Rate: -3.46%

15 Bedrooms

3 Full Baths

16,000 SqFt

Total Parking: 20

7,153 SqFt

Excellent Downtown Location. High traffic count, Turn key operation mixed used property consisting with 4 Commercials units of 1 Restaurant, 1 Convenience Store, a appliance store and a barber shop on the 1st floor and 14 Licensed Rooming House on the Second Floor. 3 Charlton Street is a separate Lot, currently owner using as a parking. Owner pays separate tax bill for it. Lot is included with asking price. Low maintenance.

This home has been viewed 45 times

Last Checked: December 26th, 2024 at 5:18pm (Source: MLS PIN #73270030)

Gross Income: $0

Gross Expenses: $69,000

Net Income Calc: $69,000

CAP Rate: -3.46%

Annual Expenses for 707-711 Main Street, Worcester MA 01610

Total Gross Expenses (Calculated)$69,000/year

APOD AvailableNo

Heating$10,000

Electricity$10,000

Water$4,000

Gas$4,000

Insurance$12,000

Sewer$4,000

Trash Removal

Repair & Maintenance$9,000

Management

Miscellaneous

Real Estate Tax$24,000

Annual Income & Unit Breakdown for 707-711 Main Street, Worcester MA 01610

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 707-711 Main Street, Worcester MA 01610

Listing ID73270030

Property TypeMulti Family

Price$1,995,000 ($124.69/SqFt)

Style5+ Family - Rooming House

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total16,000 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking20

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area0

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

Zoning0

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 707-711 Main Street, Worcester MA 01610

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$45,000

Total Gross Income By Broker$243,600

Total Net Income By Broker$178,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.50%

Facilitator Compensation1.50%

Sub-Agent Compensation

Compensation Based On

Financial Information for 707-711 Main Street, Worcester MA 01610

Real Estate Taxes$24,000

Tax Year2022

Assessed Value

Financial Data Source

Total Gross Expenses By Broker$45,000

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$243,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$178,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-3.46%

Location Information for 707-711 Main Street, Worcester MA 01610

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 707-711 Main Street, Worcester MA 01610

Agent

Name: Sohrab Khan

Office

Name: MIG

Phone: 617-651-5406

Payment Calculator

, Interest

Property Taxes 2000

Principal & Interest 12292.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

MIG

Sohrab Khan

Agent Phone

Office Phone

(617) 651-5406

Text Agent Call Agent Call Office

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    [description] => Excellent Downtown Location. High traffic count, Turn key operation mixed used property consisting with 4 Commercials units of 1 Restaurant, 1 Convenience Store, a appliance store and a barber shop on the 1st floor and 14 Licensed Rooming House on the Second Floor. 3 Charlton Street is a separate Lot, currently owner using as a parking. Owner pays separate tax bill for it. Lot is included  with asking price. Low maintenance.
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[horse_permitted] => No
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[id] => 527838
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[interior_features] => Array
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[last_month_required] => Array
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[last_sync_date] => 2024-12-26 17:18:52
    [laundry_features] => Array
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[lead_paint] => Array
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    [living_area] => 16,000 Sq. Ft.
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[living_area_includes_basement] => Array
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[management_expense] => Array
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[middle_school] => 
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[net_income_calc] => -69000
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    [outdoor_space_available] => Array
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[phone] => 617-678-6843
    [pool_features] => Array
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    [price_per_unit] => 110833.33333333
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[rent_includes] => Array
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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] => 19
    [senior_community] => No
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[short_sale] => 
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    [state_code] => MA
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[style] => Array
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[subagent_compensation] => 
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    [tag_waterview] => 
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    [team] => Array
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[terms] => Array
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    [title_5] => 
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    [total_parking] => 20
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[uffi] => Array
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[unit_1_bathrooms] => 
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[unit_1_levels] => 0
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[unit_2_bathrooms] => 
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[unit_2_levels] => 0
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[unit_3_bathrooms] => 
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    [unit_3_floor] => 
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[unit_3_levels] => 
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[unit_4_bathrooms] => 
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[unit_4_levels] => 
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[water] => Array
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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_details] => Actual
    [year_built_source] => Public Records
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    [zoning] => 0
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EXIT

Expired

707-711 Main Street, Worcester MA 01610

$1,995,000

Annual Expenses for 707-711 Main Street, Worcester MA 01610

Annual Income & Unit Breakdown for 707-711 Main Street, Worcester MA 01610

General Information for 707-711 Main Street, Worcester MA 01610

Disclosures for 707-711 Main Street, Worcester MA 01610

Financial Information for 707-711 Main Street, Worcester MA 01610

Location Information for 707-711 Main Street, Worcester MA 01610

Contact Information for 707-711 Main Street, Worcester MA 01610

Agent

Office

Payment Calculator

Exclusive Listing Agent

MIG

Sohrab Khan