16 Branch St, Worcester, MA 01604

Multi-Family

$215,000
Price
$215,500
Sale Price

3
Units
3,258
Approx. GLA
Huge price reduction by motivated owner. Selling "As Is" at this price. Needs some work, but worth the effort. Inspections for informational purposes only. Perfect for seasoned investor. Cash cow with very strong Cash on Cash and Cap Rate because of low expenses. Tenants pay for heat, hot water, and electric. Generous sized floor through units have large living room, separate dining room and kitchen. Each unit has 2 bedrooms and 1 bathroom. Hardwood floors throughout. Some great character with period details. Good roof, newer windows and siding, electric. Big backyard adds additional recreational space. Long term tenants mean possible upside to bring rentals up to market rate. Or be an owner/occupier and live rent free. Great investment in a solid building, on a low traffic side street. Plenty of on street parking. Solid ROI. Add to your investment portfolio today!
Highlights
Terms: Contract for Deed
Sale Price: $215,500
Settled Date: 4/6/2017 12:00:00 AM
Basement Features: Full, Interior Access, Concrete Floor, Unfinished Basement
List Price: $215,000
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Sold
Beds: 6
Baths: 3
Units: 3
Year Built: 1890
Approx. GLA: 3,258
MLS#: 72099820
 
Interior
Basement: Yes
Heating Units: 3
Heating Zones: 3
Rooms: 15
Lead Paint: Unknown
Total Floors: 3
UFFI: Unknown
Exterior
Water: No
Acres: 0.11
Lot Size: 5,000.00
Lot Description: Cleared, Level
Foundation: Fieldstone, Brick
Road Type: Public
Color: Grey
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $180,900
Taxes: $3,728
Tax Year: 2017
Book/Page: 33314/204
Warranty Available: No
Beach
Beach: No
Expenses
Gross Income: $31,500
Gross Expenses: $10,358
Total Rent: $2,625
Net Income: $21,142
Insurance Cost: $1,855
R&M Cost: $1,575
Sewer Cost: $1,600
Water Cost: $1,600
 
Additional
Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, University
Exclusions: Tenants possessions including laundry machines
Disclosure Declaration: Yes
Disclosure: Buyer to do own due diligence.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 2 0 1 1 0 No 1 $850
Unit 2 5 2 0 2 1 0 No 1 $850
Unit 3 5 2 0 3 1 0 No 1 $925
Units Extras
Unit 1
Rent Includes:  Water  Applicances:  Range, Refrigerator  Heating:  Gas  Interior:  Hardwood Floors, Pantry  Rooms:  Living Room, Dining Room, Kitchen 
Unit 2
Rent Includes:  Water  Applicances:  Range, Refrigerator  Heating:  Gas  Interior:  Hardwood Floors, Pantry  Rooms:  Living Room, Dining Room, Kitchen 
Unit 3
Rent Includes:  Water  Applicances:  Range, Refrigerator  Heating:  Gas  Interior:  Hardwood Floors, Pantry  Rooms:  Living Room, Dining Room, Kitchen 
Common
Rooms:  Laundry 
Map
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The listing office is Keller Williams Realty Westborough and the listing agent is Bradford Morse. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 10/18/2017 10:05:00 AM.
 
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