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Webster, MA. 01570-2507
(map)
Worcester County
Directions: Main Street To Mechanic Street To Brookline Street

MLS # 72296571 - Sold
Multi-Family 5-9 Family   Beige

List Price $199,900 Days on Market  
List Date   # Units 6
Sale Price $170,000 # Floors  
Sold Date 10/11/18 Rooms 15
Assessed Value $173,900 Bedrooms 6
Gross Living Area 3,073SF Full Baths 6
Lot Size 5,053SF Half Baths 0
Taxes $2,631.00 Fireplaces  
Tax Year 2017 Basement Yes
Zoning MR-12, Waterfront No
Est. Street Front   Beach Nearby No
Year Built 1880 Parking Spaces 6
    Garage Spaces 0

Remarks:

Owner is out straight with other projects and does not have time to rehab this property. His loss can be your gain!! Investors take notice!! Mostly cosmetic issues. One unit has already been completely remodeled. Appliances are dated in units. Coin operated laundry room in the basement. Each unit individually metered. All electric utilities!! Rents are extremely low for market. Realistic rents more in line with $650 per month. Very decent CAP rate. Low taxes.This building makes money. Earn instant equity today!!

Features
Amenities   Public
   Transportation,
   Shopping, Laundromat,
   Public School
Basement   Full
Electricity   Individually
   Metered
Exterior   Wood
Exterior Feat.   Porch,
   Gutters
Flooring   Vinyl, Wall to
   Wall Carpet
Foundation   Fieldstone
Foundation Size   1185
Hot Water   Electric
Lead Paint   Unknown
Lot   Level
Parking   Off-Street
Road   Public
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Electric Range, for
   Electric Oven
Units
Common Features Rooms: Other (See Remarks)
Unit 1 Appliances: Range, Refrigerator; Bedrooms: 1; Floor: 1; Full Baths: 1; Heating: Electric Baseboard;
     Lease: Yes; Levels: 1; Rent: 500; Rent Includes: Water; Rooms: 3; Rooms Desc.: Living Room, Kitchen
Unit 2 Appliances: Range, Refrigerator; Bedrooms: 1; Floor: 1; Full Baths: 1; Heating: Electric Baseboard;
     Lease: No; Levels: 1; Rent: 500; Rent Includes: Water; Rooms: 3; Rooms Desc.: Living Room, Kitchen
Unit 3 Appliances: Range, Refrigerator; Bedrooms: 1; Floor: 2; Full Baths: 1; Heating: Electric Baseboard;
     Lease: No; Levels: 1; Rent: 500; Rent Includes: Water; Rooms: 3; Rooms Desc.: Living Room, Kitchen
Unit 4 Appliances: Range, Refrigerator; Bedrooms: 1; Floor: 2; Full Baths: 1; Heating: Electric Baseboard;
     Lease: No; Levels: 1; Rent: 500; Rent Includes: Water; Rooms: 3; Rooms Desc.: Living Room, Kitchen
Financial Info
Electricity   $720
Expenses Source   Owner
   Provided, Limited
   Information
Gross Expenses   $7,060
Gross Oper. Income  
   $36,000
Insurance   $2,600
Net Oper. Income   $22,940
Refuse Removal   $720
Repairs & Maint.   $500
Sewage   $1,260
Water   $1,260
Additional Information
APOD Available?   No
Anticipated Sale Date  
   10/17/2018
Deed   Book: 27880, Page:
   285
Disclosures   Agent Owned
Foreclosure   No
GLA Source   Public Record
Off Market Date   8/31/18
Parcel #   M:1 B:P P:3
Seller Disclosure Doc  
   Yes
Short Sale   No
Year Built Desc.  
   Approximate
Year Built Source   Public
   Record

Property Last Updated by Listing Office: 10/11/18 3:55pm

Courtesy: MLSPIN

Listing Office: RE/MAX Prof Associates Listing Agent: Patrick Sweeney


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