The DiRoberto Team
RE/MAX Advantage I | 508-459-5522 | dannydiroberto@gmail.com

14 William St, Worcester, MA 01609

Multi-Family

$499,900
Price
$470,000
Sale Price

7
Units
5,178
Approx. GLA
*Investors special... 7-Unit money maker by Becker College and Elm Park with off street parking! 6 out of 7 units are rented as the 7th is in the process of being updated and will be complete before closing. All updated electrical & repaired roof last year! Vinyl siding, gas heat and paved driveway for 5+ off street parking spaces. All rents are below market value and can easily be brought up! (Owner pays hot water) Most leases are up at end of May and tenants are ready to renew. Modern Kitchens, Hardwoods, Extremely High Ceilings, Lots of Natural Woodwork, & Tons of Character. *This building has a 13% cap rate! (Gross expenses do not included maintenance or snow removal) All offers being reviewed Sunday 4/9 at 8:00pm. *Great Opportunity to buy 7 units in this aggressively growing rental market at a great price!
Highlights
Sale Price: $470,000
Settled Date: 7/26/2017 12:00:00 AM
Basement Features: Full, Finished
List Price: $499,900
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Sold
Beds: 9
Baths: 8
Units: 7
Year Built: 1900
Approx. GLA: 5,178
MLS#: 72141032
 
 
Interior
Basement: Yes
Electricity Cost: $800
Flooring: Hardwood
Hot Water: Natural Gas
Rooms: 22
Lead Paint: Certified Treated
Total Floors: 3
Exterior
Water: No
Acres: 0.10
Lot Size: 4,543.00
Lot Description: Paved Drive
Foundation: Fieldstone
Parking Spaces: 6
Parking Features: Off-Street, Paved Driveway
Road Type: Public
Color: Grey
Construction: Frame
Roof Material: Rubber
Exterior: Vinyl
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $287,300
Taxes: $5,921
Tax Year: 2016
Book/Page: 55812/177
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $72,860
Gross Expenses: $7,720
Total Rent: $6,105
Net Income: $65,540
Insurance Cost: $2,500
Refuse Cost: $1,300
Sewer Cost: $1,200
Water Cost: $1,200
Additional
Amenities: Public Transportation, Park, Highway Access, T-Station, University
Disclosure Declaration: Yes
Disclosure: Unit 7 (basement unit) is vacant and being worked on and will be complete before closing.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 No 1 $710
Unit 2 4 2 0 1 1 0 No 1 $900
Unit 3 3 1 0 2 1 0 Yes 1 $700
Unit 4 4 2 0 2 1 0 Yes 1 $800
Map
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The listing office is RE/MAX Advantage 1 and the listing agent is Daniel DiRoberto. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 11/18/2017 7:05:00 AM.
 
The DiRoberto Team
The DiRoberto Team
RE/MAX Advantage I