$560,000
●
Multifamily -
Off Market
45-47 Steele Street
Worcester, MA 01607
5 Beds
5 Baths,
2
Half Baths
2,912 Ft²
$567,574
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model
About This Property
Back on market due to buyer financing. First time on the market!
This is a rare opportunity to own a fabulous side by sidetwo family
on a quiet street. Built in 2006, this house consists of 5 bedrms,
3 full baths and 2 half baths. Both Units have washer and dryer on
the first level and tankless water heaters. #47 has a deck patio
kitchen and a sun deck of the master bedroom, central AC, AC
compressor just 1-2 years old and a finished basement. Beautiful
hardwood floors throughout, recessed lighting, . Separate heat and
electric for each unit with utilities paid by tenants.Rents are
well under published HUD fair market rents for 3 bedroom units in
the city. Property will be delivered with #47 vacant.
Unit Size
2,912 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$184
Property Type
Multifamily
Property Taxes
$659
HOA Dues
-
Year Built
-
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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 #73030832)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 20, 2022 | Sold | ||
| Sold | |||
| Nov 8, 2022 | In contract | - | |
| In contract | |||
| Aug 31, 2022 | Listed by RE/MAX Partners | $535,000 | |
| Listed by RE/MAX Partners | |||
Property Highlights
Parking Available
Fireplace
Parking Details
Parking Features: Off Street
Interior Details
Half Bathrooms: 2
Full Bathrooms: 3
Interior Features: Unit 2(Bathroom With Tub, Bathroom With Tub & Shower), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Washer, Dryer), Unit 2(Washer, Dryer)
Flooring Type: Wood, Carpet, Unit 2(Hardwood Floors)
Rooms: 10
Has Fireplace
Fireplace Features: Unit 2(Fireplace - Propane Gas)
Basement: Full, Finished, Partially Finished
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 2 Family - 2 Units Side by Side
Stories (Total): 5
Building Area Units: Square Feet
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.21
Lot Size Units: Acres
Lot Size Acres: 0.21
Zoning: RL-7
Parcel Number: 1788568
Water Source: Public
Financial Details
Tax Assessed Value: $519,900
Tax Annual Amount: $7,908
Utilities Details
Cooling Type: Unit 2(Central Air)
Heating Type: Unit 1(Propane), Unit 2(Propane)
Sewer : Public Sewer
Location Details
Community Features: Park, Medical Facility, Highway Access, 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 |
|---|---|---|---|---|---|---|---|
|
08/31/2022
| |
5 Bed
|
5 Bath
|
2912 ft²
|
$535,000
5 Bed
5 Bath
2912 ft²
|
$560,000
+4.67%
12/20/2022
|
James Pham
RE/MAX Partners
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017