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131 Providence St, Worcester MA 01604

$799,900

Estimated $1,971.70/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $266,633.33

Total Rent: 81600/year

Estimated CAP Rate: 8.59%

9 Bedrooms

3 Full Baths

4,584 SqFt

Total Parking: 5 (3 Garage)

5,500 SqFt

Welcome to your next investment, where you will find 3 units separately metered, with a 3 car detached garage and off street parking. Pride of ownership shows as you walk through beautifully renovated apartments featuring granite countertops, hardwood floors and washer dryer hookups on each unit. Each apartment has 6 rooms, 3 bedrooms, kitchen, living room and one bath making it easy to rent. Second floor is vacant and ready for its new owner. This well-maintained multi-family property offers tremendous potential for both homeowners and investors alike. Whether you're looking for an income-generating property or a place to live with the added benefit of rental income, this home is the perfect choice. **Offers due by Tuesday 11/12 at 10:00 AM. Make offer good until next day.

This home has been viewed 55 times

Last Checked: November 13th, 2024 at 5:19am (Source: MLS PIN #73309549)

Gross Income: $81,600

Gross Expenses: $12,862

Net Income Calc: $68,738

CAP Rate: 8.59%

Annual Expenses for 131 Providence St, Worcester MA 01604

Total Gross Expenses (Calculated)$12,862/year

APOD AvailableNo

Heating

Electricity$100

Water$2,366

Gas$2,366

Insurance$2,300

Sewer$2,366

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,096

Annual Income & Unit Breakdown for 131 Providence St, Worcester MA 01604

Total Gross Income (Calculated)$81,600

Unit 1

Rental Income$1,800

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(none), Other (see Remarks)), Unit 1(none

Unit 2

Rental Income$2,800

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(none), Other (see Remarks)), Unit 1(none

Unit 3

Rental Income$2,200

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(none), Other (see Remarks)), Unit 1(none

General Information for 131 Providence St, Worcester MA 01604

Listing ID73309549

Property TypeMulti Family / 3 Family

Price$799,900 ($174.5/SqFt)

Style3 Family - 3 Units Up/down

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total4,584 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking5 (3 Garage)

Garage Parking3 / Detached

Year Built1924

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRG-5

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 131 Providence St, Worcester MA 01604

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$4,766

Total Gross Income By Broker$81,600

Total Net Income By Broker$76,834

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation1%

Sub-Agent Compensation

Compensation Based On

Financial Information for 131 Providence St, Worcester MA 01604

Real Estate Taxes$8,096

Tax Year2024

Assessed Value$588,800

Financial Data SourceNo

Total Gross Expenses By Broker$4,766

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$81,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$76,834

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.59%

Location Information for 131 Providence St, Worcester MA 01604

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Park, Public Transportation

Contact Information for 131 Providence St, Worcester MA 01604

Agent

Name: Thalita Nataly Dernulc

Office

Name: Property Investors & Advisors, LLC

Phone: 774-413-0272

Payment Calculator

, Interest

Property Taxes 674.67

Principal & Interest 4928.73

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Property Investors & Advisors, LLC

Thalita Nataly Dernulc

Agent Phone

Office Phone

(774) 413-0272

Text Agent Call Agent Call Office

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EXIT

Withdrawn

131 Providence St, Worcester MA 01604

$799,900

Annual Expenses for 131 Providence St, Worcester MA 01604

Annual Income & Unit Breakdown for 131 Providence St, Worcester MA 01604

General Information for 131 Providence St, Worcester MA 01604

Disclosures for 131 Providence St, Worcester MA 01604

Financial Information for 131 Providence St, Worcester MA 01604

Location Information for 131 Providence St, Worcester MA 01604

Contact Information for 131 Providence St, Worcester MA 01604

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