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45 Hollywood St, Worcester MA 01610

$724,999

Estimated $1,716.75/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $241,666.33

Total Rent: 58980/year

Estimated CAP Rate: 4.37%

6 Bedrooms

3 Full Baths

4,020 SqFt

Total Parking: 0

7,245 SqFt

Do not miss the opportunity to own this expansive 3 story, multi-family home in the Clark University Area! This home will be perfect as an owner-occupied property or as an investment with great cashflow! Generating around $60k gross income annually with great potential for more, this doesn't even include the vacant first floor, which was last generating $25k annually alone! All three units have beautiful original hardwood floors throughout, brick fireplaces in 1st and 2nd floor units and all welcome lots of natural light. Roof was replaced in 2007(30 year roof), 2 new water heaters in 2023, new GAS boiler in 2023 and many replaced windows. Huge basement offers more opportunities for extra space and storage. Property includes fenced-in private back yard and 2 balconies! The property qualifies for the University Park Partnership Scholarship!

This home has been viewed 33 times

Last Checked: October 29th, 2024 at 4:19am (Source: MLS PIN #73298992)

Gross Income: $58,980

Gross Expenses: $27,264

Net Income Calc: $31,716

CAP Rate: 4.37%

Annual Expenses for 45 Hollywood St, Worcester MA 01610

Total Gross Expenses (Calculated)$27,264/year

APOD AvailableNo

Heating

Electricity$7,352

Water$3,569

Gas$3,569

Insurance$1,314

Sewer$3,569

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,494

Annual Income & Unit Breakdown for 45 Hollywood St, Worcester MA 01610

Total Gross Income (Calculated)$58,980

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesNo

Unit 2

Rental Income$2,750

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesNo

Unit 3

Rental Income$2,165

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesNo

General Information for 45 Hollywood St, Worcester MA 01610

Listing ID73298992

Property TypeMulti Family / 3 Family

Price$724,999 ($180.35/SqFt)

Style3 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total4,020 SqFt

Approximate Lot Size (Acres)0.17 acres

Total Parking0

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsNo

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRG-5

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 45 Hollywood St, Worcester MA 01610

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$20,770

Total Gross Income By Broker$58,980

Total Net Income By Broker$38,210

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 45 Hollywood St, Worcester MA 01610

Real Estate Taxes$6,494

Tax Year2024

Assessed Value$472,300

Financial Data SourceNo

Total Gross Expenses By Broker$20,770

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$58,980

BostonRealEstate.com Gross Income

Total Net Income By Broker$38,210

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.37%

Location Information for 45 Hollywood St, Worcester MA 01610

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesShopping, Public Transportation, Sidewalks

Contact Information for 45 Hollywood St, Worcester MA 01610

Agent

Name: Natalia Case

Office

Name: ERA Key Realty Services- Fram

Phone: 508-879-4474

Payment Calculator

, Interest

Property Taxes 541.17

Principal & Interest 4467.21

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

ERA Key Realty Services- Fram

Natalia Case

Agent Phone

Office Phone

(508) 879-4474

Text Agent Call Agent Call Office

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[style] => Array
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[unit_1_levels] => 1
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[water_views_features] => Array
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)

EXIT

Withdrawn

45 Hollywood St, Worcester MA 01610

$724,999

Annual Expenses for 45 Hollywood St, Worcester MA 01610

Annual Income & Unit Breakdown for 45 Hollywood St, Worcester MA 01610

General Information for 45 Hollywood St, Worcester MA 01610

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Financial Information for 45 Hollywood St, Worcester MA 01610

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