27
Map
$625,000
●
Multifamily -
Off Market
7 Ekman St
Worcester, MA 01607
6 Beds
3 Baths
3,045 Ft²
$3,937
Est. Monthly
About This Property
Great updated investor 3 family with easy access to major roads and
all Central Mass has to offer. First and second floors at market
rent and third floor tenant said they'd be leaving by the end of
August. First floor is a larger and nicer than the 2nd and 3rd
floors. Nice hardwood floors. Newer 100 AMP circuit
breaker panels (4). Vinyl replacement windows. First, third,
attic and basement ceilings have been insulated. (MASS SAVE) Filled
holes need finishing on 3rd floor and front hallway. Three garages
with remote openers plus two off street parking spaces. Attached to
the 3 car garage is an older 2 story barn/garage with 2 garage
doors which would be ideal for storage, hobby or contractor (needs
work). Separate laundry for each unit in basement saves trips to
the laundry mat. All appliances included. Each unit has storage
space and porches. 2nd and 3rd floor porches and storage could be
closed in for an additional, approximate 135 additional SF.
Driveway just sealed.
Unit Size
3,045 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$223
Property Type
Multifamily
Property Taxes
$597
HOA Dues
-
Year Built
1896
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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: 3 months ago (MLSPIN #73507570)
Price History
Property Highlights
Parking Available
Parking Details
Has Garage
Has Open Parking
Parking Features: Off Street, Paved, Paved Drive
Garage Spaces: 5
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Pantry, Storage, Bathroom With Tub & Shower, Living Room, Kitchen
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Flooring Type: Vinyl, Hardwood
Door Features: Storm Door(s), Insulated Doors
Laundry Features: Electric Dryer Hookup, Washer Hookup
Rooms: 12
Basement: Full, Interior Entry, Concrete
Exterior Details
Square Footage: 3045
Year Built Source: Public Records
Year Built: 1896
Building Area Total: 3045
Levels: 3
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Enclosed, Deck - Composite
Pool is Private
Lot Features: Level
Lot Size Area: 0.15
Lot Size Units: Acres
Lot Size Acres: 0.15
Lot Size Square Feet: 6593
Water Source: Public
Financial Details
Tax Assessed Value: $543,300
Tax Annual Amount: $7,166
Utilities Details
Heating Type: Baseboard, Natural Gas, Central
Sewer : Public Sewer
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 |
|---|---|---|---|---|---|---|---|
|
08/11/2014
| |
6 Bed
|
3 Bath
|
3045 ft²
|
$240,000
6 Bed
3 Bath
3045 ft²
|
$234,000
-2.50%
12/05/2014
|
Spencer Fortwengler
EXIT Realty Partners
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017