$575,000
●
Multifamily -
Off Market
17 Reeves St
Worcester, MA 01607
6 Beds
3 Baths
3,387 Ft²
$548,499
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Three 2-bedroom renovated units, each with laundry and off-street
parking. All units TAW. Separate electric & gas meters. Common
areas "deleaded." Unit 1: Gas cooking, gas hot water baseboard with
wall A/C; Unit 2: Newer gas stove with mini-splits for heat and
cooling, "deleaded"; Unit 3: To be delivered vacant. Newer gas
stove with mini-splits for heat and cooling. Separate hot water
tanks (1 approx. 1 yr. old). Hardwired smoke/CO2 detectors.
Turn-key for the next owner to occupy or operate as a pure
investment. Stated rents are actual current rents - not
projections. First showings at the open house.
Unit Size
3,387 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$162
Property Type
Multifamily
Property Taxes
$540
HOA Dues
-
Year Built
1890
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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 years ago (MLSPIN #73091343)
Price History
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Off Street, Driveway, Paved
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1(Bathroom With Tub & Shower), Unit 2(Lead Certification Available, Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen)
Appliances: Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Wood, Vinyl, Carpet, Varies Per Unit, Laminate, Hardwood
Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 3 Laundry Room, Unit 1(Washer Hookup, Dryer Hookup)
Rooms: 12
Basement: Full, Interior Entry, Bulkhead, Sump Pump, Concrete
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate, Renovated Since
PropertySubType: 3 Family
Stories (Total): 6
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Certified Treated, Unknown
Lot Features: Cleared, Level
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Zoning: RL-7
Parcel Number: M:10 B:018 L:00035, 1772155
Water Source: Public
Financial Details
Tax Assessed Value: $452,100
Tax Annual Amount: $6,483
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer
Cooling Type: Unit 1(Wall AC, Individual), Unit 2(3 or More, Individual, Unit Control, Ductless Mini-Split System), Unit 3(3 or More, Individual, Unit Control, Ductless Mini-Split System)
Heating Type: Unit 1(Hot Water Baseboard, Gas, Individual, Unit Control), Unit 2(Individual, Unit Control, Ductless Mini-Split System), Unit 3(Individual, Unit Control, Ductless Mini-Split System)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University, Other, Sidewalks
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 |
|---|---|---|---|---|---|---|---|
|
03/29/2023
| |
6 Bed
|
3 Bath
|
3387 ft²
|
$550,000
6 Bed
3 Bath
3387 ft²
|
$575,000
+4.55%
07/20/2023
|
Michael P. Hughes
eXp Realty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017