$404,400
●
Multifamily -
Off Market
431 Massasoit Rd
Worcester, MA 01604
5 Beds
2 Baths
2,490 Ft²
$472,396
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Do Not Miss!!! Well sought after Massasoit Area. This well
kept 2 family has so much to offer. This great investment sits on
an enormous flat lot consisting of 32,079 sq ft. surrounded by
newer built homes. Comes w/ lots of off-street parking,
maintenance-free vinyl siding, updated windows, 144 sq. ft.
woodshed, and a lovely (approx 16 X 38) oversized deck w/ awning
overlooking a gorgeous tree-lined rear yard. 2nd-floor unit comes
with 2 levels. Updated in 2005 with newer maple kitchen cabinets,
updated counters, recess lighting, and stainless steel appliances.
Open concept Kitchen/Dining area with amazing rear views.
Updated/Beautiful marble bath and flooring throughout. Also
features C-Air & in-unit washer/dryer hookups w/ great storage
space. 1st-floor unit comes w/ full kitchen, in-unit washer/dryer
hookups, and C-air. Currently used as a 1 bedroom, however can be
easily converted to a 2 bedroom w/ a separate entrance. Centrally
located near major routes, shopping, restaurants,ect
Unit Size
2,490 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$153
Property Type
Multifamily
Property Taxes
$376
HOA Dues
-
Year Built
1900
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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 #72784065)
Price History
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Off Street, Assigned
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Open Floor Plan), Unit 2(Ceiling Fans, Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Open Floor Plan), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Mudroom), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Unit 2(Wall to Wall Carpet)
Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 1(Washer Hookup, Dryer Hookup)
Rooms: 11
Basement: Full, Walk-Out Access, Interior Entry
Exterior Details
Property Condition: Unit 2 Remodeled
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 2 Family - 2 Units Up/Down
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Enclosed, Deck
Lead Paint: Unknown
Lot Size Area: 0.74
Lot Size Units: Acres
Lot Size Acres: 0.74
Zoning: RS-7
Parcel Number: 1793073
Water Source: Public
Financial Details
Tax Assessed Value: $265,300
Tax Annual Amount: $4,510
Utilities Details
Utilities: for Gas Range
Cooling Type: Unit 1(Central Air), Unit 2(Central Air)
Heating Type: Unit 1(Forced Air, Hot Water Baseboard, Gas), Unit 2(Forced Air, Hot Water Baseboard, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, House of Worship, Other
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 |
|---|---|---|---|---|---|---|---|
|
02/09/2021
| |
5 Bed
|
2 Bath
|
2490 ft²
|
$379,900
5 Bed
2 Bath
2490 ft²
|
$404,400
+6.45%
03/31/2021
|
Eric Wilkie
Keller Williams Realty North Central
|
|
06/02/2006
| |
4 Bed
|
2 Bath
|
2490 ft²
|
$349,900
4 Bed
2 Bath
2490 ft²
|
$345,000
-1.40%
08/25/2006
|
Lisa Y. Shaw
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017