$497,269
●
Multifamily -
Off Market
8 Reeves St
Worcester, MA 01607
6 Beds
3 Baths
2,453 Ft²
$490,983
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
This three-family home is a great investment opportunity! This
property offers three separate 2 bedroom units, each with a gas
heating system. The first unit was recently updated in 2019 with
new appliances, paint, cabinets and windows. The second unit was
updated in 2019 with a new fridge and stove, as well as updated
floors in the kitchen and living room. The third unit was updated
in 2018 with paint and flooring. This property also features a
newer roof from 2017, off street parking for 4 cars, laundry on
premises, replaced water line, and 3 FHW heat systems. The tenants
of the first and second units are TaW and the third unit is
currently vacant. Perfect for an owner occupied purchase. Don't
miss out on this well maintained investment property! Buyer and/or
buyer's agent to do own due diligence.
Unit Size
2,453 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$192
Property Type
Multifamily
Property Taxes
$442
HOA Dues
-
Year Built
1890
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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 #73068154)
Price History
Property Highlights
Parking Available
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen)
Appliances: Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Gas Water Heater, Utility Connections for Electric Dryer
Flooring Type: Wood, Vinyl, Varies Per Unit, Laminate, Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors, Wood Flooring), Unit 3(Hardwood Floors, Wood Flooring)
Laundry Features: Washer Hookup
Rooms: 15
Basement: Full, Interior Entry, Concrete, Unfinished
Exterior Details
Road Responsibility: Public Maintained Road
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: Enclosed
Lead Paint: Unknown
Lot Features: Level
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Zoning: RL-7
Parcel Number: M:10 B:024 L:00019, 1772348
Water Source: Public
Financial Details
Tax Assessed Value: $348,800
Tax Annual Amount: $5,305
Utilities Details
Utilities: for Electric Dryer, Washer Hookup
Cooling Type: Unit 1(None), Unit 2(None), Unit 3(None)
Heating Type: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Pool, Medical Facility, House of Worship, Public School, T-Station, University, Sidewalks
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 |
|---|---|---|---|---|---|---|---|
|
01/04/2023
| |
6 Bed
|
3 Bath
|
2453 ft²
|
$469,900
6 Bed
3 Bath
2453 ft²
|
$497,269
+5.82%
02/28/2023
|
Candor Realty Group
Four Points Real Estate, LLC
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017