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$334,000
● Multifamily - Off Market

28 Richards

Worcester, MA
bedrooms
8 Beds
bathrooms
3 Baths
square feet
3,258 Ft²
$531,131
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Back on market due to buyer's financing. Recently updated 3 family ready for a new owner/ investor to move-in/ Property located in Clark University Area: 2 gas heat boilers, updated electrical and owner meter, replacement windows, tiled kitchen floor and newly finished hardwood floor, updated bathrooms, Freshly painted, vinyl siding and much more. 2 car garages  and plenty of street parkings. Lead Certificate in hand for only 2nd unit ~~~ walking distance to downtown, Restaurants, schools and other routes~~~Hurry it will not last long
Unit Size
3,258 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$107
Property Type
Multifamily
Property Taxes
$356
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72380467)

Price History

Date / Event Date Event Price
Jan 14, 2019 Sold
Premium
Sold
Aug 17, 2018 Listed by Coldwell Banker Realty - Back Bay $349,500
Listed by Coldwell Banker Realty - Back Bay

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Gas Water Heater, Utility Connections for Electric Range
Flooring Type: Carpet, Hardwood
Rooms: 14
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Stories (Total): 6
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Certified Treated
Lot Size Area: 0.26
Lot Size Units: Acres
Lot Size Acres: 0.26
Zoning: RG5
Parcel Number: 1768774
Water Source: Public
Financial Details
Tax Assessed Value: $226,100
Tax Annual Amount: $4,275
Utilities Details
Utilities: for Electric Range
Heating Type: Unit 1(Gas), Unit 2(Gas), Unit 3(Electric)
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72380467
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