$315,000
●
Multifamily -
Off Market
11 Payson St
Worcester, MA 01607
6 Beds
3 Baths
3,540 Ft²
$496,851
RealtyHop Estimate
57.78%
Since Feb 1, 2018
National-US
Primary Model
About This Property
**Multiple Offers Received: Highest and Best Offers Due Thursday
(11/9/17) at 12 noon** BRAND NEW LISTING! Here is the turn-key
Worcester three-family you have been patiently waiting for. Great
for investors, but absolutely perfect for owner occupants. The
first floor "owners suite" has a fully renovated granite kitchen,
brand new fully renovated bathroom, and large bonus walk-in closet
off first bedroom. Unit 2 is fully ready to rent, and unit 3 is
currently rented by a great long term tenant. The building itself
will be very hard to beat: brand new architectural roof (2012), new
electrical service and panels, brand new hot water heaters, newer
first floor boiler, vinyl replacement windows, and vinyl siding.
Units 2 and 3 have standard gas parlor heaters and gas on gas
stoves in kitchen. All three units were de-leaded in 2000 (owner no
longer has physical certs). Amazing commuter location, just minutes
to Rt. 146 and the Mass Pike. Call today to view, this home will
not last long.
Unit Size
3,540 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$89
Property Type
Multifamily
Property Taxes
$355
HOA Dues
-
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (MLSPIN #72252021)
Price History
Property Highlights
Parking Available
Parking Details
Has Open Parking
Parking Features: Off Street, On Street, Paved Drive
Interior Details
Full Bathrooms: 3
Interior Features: Walk-In Closet(s), Laundry Room, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub, Living Room, Dining Room, Kitchen
Appliances: Washer, Dryer, Range, Dishwasher, Microwave, Refrigerator
Flooring Type: Wood, Carpet, Hardwood
Rooms: 15
Basement: Full, Interior Entry, Bulkhead
Exterior Details
Square Footage: 3540
Year Built Source: Public Records
Year Built: 1900
Building Area Total: 3540
Levels: 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Enclosed
Lot Features: Corner Lot, Level
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Size Square Feet: 5000
Water Source: Public
Financial Details
Tax Assessed Value: $221,600
Tax Annual Amount: $4,259
Utilities Details
Heating Type: Natural Gas, Electric, Steam
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/06/2017
| |
6 Bed
|
3 Bath
|
3540 ft²
|
$314,900
6 Bed
3 Bath
3540 ft²
|
$315,000
+0.03%
01/26/2018
|
CHAMPIon Realty Group
Property Investors & Advisors, LLC
|
|
04/14/1999
| |
6 Bed
|
-
|
3456 ft²
|
$134,900
6 Bed
-
3456 ft²
|
$125,000
-7.34%
07/29/1999
|
Bill Chviruk
Media Realty LLC
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017