$560,000
●
Multifamily -
Off Market
220 Vernon St
Worcester, MA 01607
9 Beds
3 Baths
3,192 Ft²
$636,426
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model
About This Property
Great Investment opportunity in Vernon Hill area of Worcester!
Fully rented three family located close to Kelly Square & new Polar
Park Stadium. Each apartment has 3 bedrooms, living room,
dining room, full bathroom with separate utilities and gas heaters,
& enclosed back porches. All the units are in good condition.
Per seller roof (2010), sewer line (2005), main water line (2018),
all updated space heaters (2 each unit), 1st floor bathroom
renovated. There is room to add a driveway if wanted but
plenty of on-street parking. Each apartment has a
Certification of Restored Compliance Addendum dated 10-22-2019 to
original Letter of Full Compliance dated 12-21-1998.
Excellent commuter location, close to shopping, bus line and
the commuter train.
Unit Size
3,192 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$188
Property Type
Multifamily
Property Taxes
$425
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 #73039477)
Price History
Property Highlights
Parking Details
Parking Features: Other
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1(Lead Certification Available, Bathroom With Tub & Shower), Unit 2(Lead Certification Available, Bathroom With Tub & Shower), Unit 3(Lead Certification Available, Storage, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Gas Water Heater, Tankless Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
Flooring Type: Tile, Vinyl, Carpet, Varies Per Unit, Laminate
Laundry Features: Washer Hookup, Unit 2 Laundry Room
Rooms: 18
Basement: Full, Interior Entry, Concrete
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Stories (Total): 6
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Enclosed
Lead Paint: Unknown
Lot Features: Other
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Zoning: RG-5
Parcel Number: M:10 B:012 L:00052, 1772018
Water Source: Public
Financial Details
Tax Assessed Value: $335,100
Tax Annual Amount: $5,097
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup, Varies per Unit
Cooling Type: Unit 1(None), Unit 2(None), Unit 3(None)
Heating Type: Unit 1(Gas, Individual), Unit 2(Gas, Individual), Unit 3(Gas, Individual)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
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 |
|---|---|---|---|---|---|---|---|
|
09/21/2022
| |
9 Bed
|
3 Bath
|
3192 ft²
|
$599,900
9 Bed
3 Bath
3192 ft²
|
$560,000
-6.65%
12/16/2022
|
Claire Rainville
RE/MAX Executive Realty
|
|
08/08/2003
| |
9 Bed
|
-
|
3234 ft²
|
$309,000
9 Bed
-
3234 ft²
|
$154,500
-50.00%
10/07/2003
|
Michelle Busconi
Advise Realty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017