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Adam Dow

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

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5 Freeland Ter , Worcester, MA 01603
$700,000
Est. Payment: $1,555.56/mo
9 Bed
3 Bath
3198 Sqft
Status: Price Changed | Days on site: 20
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NB3534 - CT000302
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House Description

You can send your kids to college completely for free just by living in this freshly updated, fully vacant three-decker home at 5 Freeland Terrace. This is a life-changing opportunity for a hardworking family to stop paying rent, build real wealth, and secure a bright future. By living in one spacious unit and renting out the other two floors, your tenants will help pay your mortgage while you gain a path to higher education that usually feels out of reach. This rare property sits in a special neighborhood zone where anyone who lives here for five consecutive years qualifies to attend Clark University tuition-free. This massive benefit applies to you, your kids, extended family, and even your tenants, making it incredibly easy to find renters. To qualify for this amazing program, a person just needs to live in this neighborhood zone for at least five full, continuous years before starting college, apply and meet Clark University's standard academic rules to get in, and remember that while the scholarship pays for 100% of the tuition, families still cover housing, food, and books. Units 1 & 3 are certified deleaded and because the entire building is recently renovated and completely empty, you can move right in, choose your own tenants, or maximize your cash flow by exploring room-by-room student rentals.

Highlights

Listed by John Snyder , 508-425-1245 Redfin Corp. , 617-340-7803.

Property Type

Multi-Family

Lot/Acreage
0.07

Year Built

1890

County

Worcester

Listing ID

73568993

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Range, Refrigerator
Other:
  • Additional:Living Room, Kitchen, Family Room
Water:Public

Exterior Features

Garage Capacity:0
Zoning:RG-5
Roof:Shingle
Sewer:Public Sewer

Open House

Upcoming Open Houses
Sunday 10:30 am - 12:30 pm Sep 20
Principal Interest
$1,556
Taxes
$541

Home Price

$700,000

Loan Details

30 yrs
%

Down Payment

20%
$140,000
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:
$1,555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,555.56 $540.67 $0.00 $2,096.22
Yearly $18,666.67 $6,488.00 $0.00 $25,154.67
Total $560,000.00 $194,640.00 $0.00 $754,640.00

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.