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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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3 Chelsea St , Worcester, MA 01610
$950,000
Est. Payment: $2,111.11/mo
9 Bed
7 Bath
3652 Sqft
Status: Under Agreement | Days on site: 128
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AN2723 - CN252872
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

This well located 7-unit property at 3 Chelsea St in Worcester, Massachusetts, consists of four studio apartments and two 2-bedroom/1-bathroom units on a 0.21-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property also features two sources of parking income. The five front garage bays are rented to one operator for $700/month and there is a large contractor garage behind the property rented for $750/month. The property also features a new roof. There is an opportunity to dramatically increase rents through systematic improvements to unit interiors. Additionally, the property is situated just .3 miles from the College of Holy Cross. Listed at a 8.21% cap rate at $135,714 per unit, this property represents a strong investment opportunity in the growing Worcester market.
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Highlights

Listed by Ethan Lazar , 617-910-1219 Horvath & Tremblay , 781-776-4000.

Property Type

Multi-Family
Lot/Acreage
0.21

Year Built

1887

County

Worcester

Listing ID

73516009

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:9
  • ▪ Bathrooms:7
  • ▪ Full Bathrooms:7
Water:Public

Exterior Features

Garage Capacity:10
Zoning:RG-5
Sewer:Public Sewer
Parking Features:Paved Drive,Off Street,Parking Spaces: 10
Principal Interest
$2,111
Taxes
$814

Home Price

$950,000

Loan Details

30 yrs
%

Down Payment

20%
$190,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,111.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,111.11 $814.25 $0.00 $2,925.36
Yearly $25,333.33 $9,771.00 $0.00 $35,104.33
Total $760,000.00 $293,130.00 $0.00 $1,053,130.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Worcester, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.