LOOKING FOR INVESTMENT? Opportunity Knocks! WHAT A LOCATION!!! OFFERING MUCH OFF STREET PARKING! TOTAL 4 UNITS! 2 Commercial rental units: a 3 room "office" suite & "food window" service on the 1st floor. 2 Residential apt units on the2nd floor. All long term tenants. 1st flr is office has a lease agreement to 6-31-26 and includes heat, hot water & electric. The food service window has metered electric, 3 bowl skullery system 2018, picnic tables to remain and currently not occupied. Both units on the 2nf flr are TAW's, separate utilities, legal egresses. 2 Stoves, 2 refrigerators, all picnic tables & skullery sink unit are landlord owned and will remain with building. A common half bath on the 1st floor has a tenant shared coin-op laundry. Low maintenance vinyl siding. Water/Sewer. Roof done in 2016. Secured building. Close to shopping, banks, resturants, schools, Felton Field & more! Conveniently commuter friendly!
This home has been viewed 58 times
Last Checked: December 3rd, 2024 at 5:19am (Source: MLS PIN #73292819)
Gross Income: $40,200
Gross Expenses: $2,729
Net Income Calc: $37,471
CAP Rate: 9.37%
Annual Expenses for 531 Summer St, Barre MA 01005
Total Gross Expenses (Calculated)$2,729/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$2,729
Annual Income & Unit Breakdown for 531 Summer St, Barre MA 01005
Total Gross Income (Calculated)$40,200
Unit 1
Rental Income$800
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$950
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 531 Summer St, Barre MA 01005
Listing ID73292819
Property TypeMulti Family / 2 Family
Price$399,900 ($170.39/SqFt)
Style2 Family - 2 Units Side By Side
CityBarre
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total2,347 SqFt
Approximate Lot Size (Acres)0.36 acres
Total Parking15
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area1080
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningTBD
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 531 Summer St, Barre MA 01005
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureIncludes 1st floor office & food service windo
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$40,200
Total Net Income By Broker$40,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 531 Summer St, Barre MA 01005
Real Estate Taxes$2,729
Tax Year2024
Assessed Value$195,200
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$40,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$40,200
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)9.37%
Location Information for 531 Summer St, Barre MA 01005
Elementary SchoolRuggles Lane
Middle SchoolQuabbin 6-8
High SchoolQuabbin 9-12
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Tennis Court(s)
Contact Information for 531 Summer St, Barre MA 01005