$270,000
●
Multifamily -
Off Market
18 Steele St
Worcester, MA 01607
6 Beds
3 Baths
2,142 Ft²
$418,494
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model
About This Property
Great opportunity for Owner occupied 3 family in nice shape. 2
bedrooms each unit, lots of updates 7 good established tenants in
two apartments. 2 car garage with second floor storage. Almost 2
acres, with gardens, flowers, fruit trees, blueberries, grape
arbor, & still lots of open space. Lots of updates to electric(3
yrs), plumbing(3 yrs), house roof(9 yrs), some ceilings & walls(3
yrs), porch repairs(3 yrs), 1 newer water heater. House painted(3
yrs) & garage roof(11 yrs). could be investment property with a few
updates. Net income based on rental of only 2 apartments.
Unit Size
2,142 Ft²
Days on Market
-
Land Size
1.95 acres
Price per sqft
$129
Property Type
Multifamily
Property Taxes
$317
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: 5 months ago (MLSPIN #72421998)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 22, 2019 | Sold | ||
| Sold | |||
| Nov 9, 2018 | Listed by ERA Key Realty Services- Auburn | $277,200 | |
| Listed by ERA Key Realty Services- Auburn | |||
Property Highlights
Parking Available
Air Conditioning
With View
Parking Details
Has Garage
Has Open Parking
Parking Features: Off Street, Common, Driveway, Paved, Paved Drive
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Pantry, Storage, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Appliances: Refrigerator, Range, None
Flooring Type: Wood, Vinyl, Carpet, Hardwood
Door Features: Storm Door(s), Insulated Doors
Laundry Features: Washer Hookup
Rooms: 12
Basement: Full, Interior Entry, Unfinished
Exterior Details
Square Footage: 2142
Year Built Source: Public Records
Year Built: 1890
Building Area Total: 2142
Levels: 3
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Porch, Enclosed
Pool is Private
Lot Features: Cleared, Level
Lot Size Area: 1.95
Lot Size Units: Acres
Lot Size Acres: 1.95
Lot Size Square Feet: 85055
Tax Lot: 00006
Water Source: Public
Financial Details
Tax Map Number: 29
Tax Assessed Value: $201,200
Tax Annual Amount: $3,805
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Forced Air, Natural Gas, Other, Individual, Unit Control
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 |
|---|---|---|---|---|---|---|---|
|
11/09/2018
| |
6 Bed
|
3 Bath
|
2142 ft²
|
$277,200
6 Bed
3 Bath
2142 ft²
|
$270,000
-2.60%
02/22/2019
|
Donald Malo
ERA Key Realty Services- Auburn
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017