$405,000
●
Multifamily -
Off Market
171 Eastern Ave
Worcester, MA 01605
6 Beds
3 Baths
3,531 Ft²
$435,174
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
171 & 170 Eastern Ave: 3 Unit Building with BONUS LAND AND
GARAGE!!! Motivated Seller! 171 Eastern Ave is a 3-unit building;
each unit has 2 bedrooms, full bath, kitchen with pantry and living
room. Full, walk-out basement with windows can be used as workshop,
etc. One-car garage bay under building. Building will convey
vacant. Front porches rebuilt 2015. Vinyl siding. Gas heat. ~~~170
Eastern Ave is a separately deeded, 5,544 sqf parcel described as
'Accessory Land.' There is an oversized 2-bay garage plus storage
shed, plus additional room for parking. Property is located off Rt.
9; close to UMass Memorial, I-290; close to services and employers.
Unit Size
3,531 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$112
Property Type
Multifamily
Property Taxes
$352
HOA Dues
-
Year Built
1905
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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: 5 years ago (MLSPIN #72874667)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2021 | Sold | ||
| Sold | |||
| Aug 1, 2021 | Listed by eXp Realty | $395,000 | |
| Listed by eXp Realty | |||
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Off Street, Common, Unpaved
Garage Spaces: 3
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1(Pantry, Walk-In Closet), Unit 2(Pantry, Storage), Unit 3(Pantry, Storage), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen)
Appliances: Utility Connections Varies per Unit
Flooring Type: Varies Per Unit, Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
Rooms: 13
Basement: Full, Interior Entry, Garage Access, Concrete, Unfinished
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 3 Family
Stories (Total): 6
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Features: Sloped
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Zoning: RG-5
Parcel Number: M:16 B:005 L:00009, 1777779
Water Source: Public
Financial Details
Tax Assessed Value: $259,200
Tax Annual Amount: $4,220
Utilities Details
Utilities: Varies per Unit
Cooling Type: Unit 1(None)
Heating Type: Unit 1(Forced Air, Gas), Unit 2(Gas, Space Heater), Unit 3(Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Park, Medical Facility, Highway Access, Public School
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 |
|---|---|---|---|---|---|---|---|
|
08/01/2021
| |
6 Bed
|
3 Bath
|
3531 ft²
|
$395,000
6 Bed
3 Bath
3531 ft²
|
$405,000
+2.53%
12/27/2021
|
Nick De La Cruz
eXp Realty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017