$236,000
●
Multifamily -
Off Market
3 Otto Ave
Worcester, MA 01607
4 Beds
2 Baths
1,508 Ft²
$344,424
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
2 family in need of Some warm embrace and some sweet love to bring
her back to her charming days. Electrical is Fuses with FP box, One
heating system for both units. Both units are livable but could use
some updating. Older roof, windows in good shape, wood siding,
fieldstone foundation, walk out basement (bulkhead), long driveway
with 1 car detached garage. Multiple lots make up the acreage.
Buyer to confirm all information. Selling AS-IS WHERE IS, the lot
may be subdividable, but please check with the town before assuming
anything. Seller looking for Cash only offers at this time.
Unit Size
1,508 Ft²
Days on Market
-
Land Size
2.40 acres
Price per sqft
$156
Property Type
Multifamily
Property Taxes
$308
HOA Dues
-
Year Built
1902
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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 #72528852)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 4, 2019 | Sold | ||
| Sold | |||
| Jul 3, 2019 | Listed by OWN IT, A 100% Commission Brokerage | $235,000 | |
| Listed by OWN IT, A 100% Commission Brokerage | |||
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street, Paved
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Appliances: Oil Water Heater, Utility Connections for Gas Oven, Utility Connections for Electric Oven
Flooring Type: Carpet, Hardwood
Rooms: 8
Basement: Full, Interior Entry
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Features: Corner Lot, Wooded
Lot Size Area: 2.4
Lot Size Units: Acres
Lot Size Acres: 2.4
Zoning: RS-7
Parcel Number: M:45 B:016 L:0204, 1801345
Water Source: Public
Financial Details
Tax Assessed Value: $195,200
Tax Annual Amount: $3,691
Utilities Details
Utilities: for Gas Oven, for Electric Oven
Sewer : Private Sewer
Location Details
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, 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 |
|---|---|---|---|---|---|---|---|
|
07/03/2019
| |
4 Bed
|
2 Bath
|
1508 ft²
|
$235,000
4 Bed
2 Bath
1508 ft²
|
$236,000
+0.43%
09/04/2019
|
Spencer Fortwengler
The LUX Group
|
Building Info
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