Seller's Agent in 2023
Kimberly Rickman
OWN IT, A 100% Commission Brokerage
(508) 667-4931
2 in this area
100 Total Sales
2 Preston St Worcester, MA 01610
University Park Neighborhood
29
Beds
10
Baths
10,170
Sq Ft
3,049
Sq Ft Lot
Highlights
- Medical Services
- Property is near public transit
- Corner Lot
- Deck
- Wood Flooring
- Community Pool
About This Home
As of June 2023Incredible investment opportunity! 8% cap and over $217,800 in operating income. This well maintained fully occupied 10 unit brick building offers (9) 3-bedroom units and (1) 2-bedroom unit has been updated and well maintained over the years. 9/10 units are lead certified and features hardwood floors, updated kitchens, updated electrical with 100amp panel in each unit, hot water baseboard heating and laundry in unit. The building has undergone replacement of major components, including replacement of rear decks, all new electrical, baseboard heating serviced by (2) Buderus boilers and 2 Superstor Hot Water storage tanks. Building has had air sealing and insulation added to attic space. 7 security cameras with remote operation. All long-term tenants paying great rents.
Last Agent to Sell the Property
OWN IT, A 100% Commission Brokerage Listed on: 04/11/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,108
Year Built
- Built in 1910
Lot Details
- 3,049 Sq Ft Lot
- Corner Lot
Parking
- Open Parking
Home Design
- 10,170 Sq Ft Home
- Brick Exterior Construction
- Brick Foundation
- Block Foundation
- Rubber Roof
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 29 Bedrooms
- 10 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- 10 Heating Zones
- Heating Available
- Separate Meters
- 100 Amp Service
- Natural Gas Connected
- Gas Water Heater
Additional Features
- Laundry Room
- Deck
Listing and Financial Details
- Total Actual Rent $18,150
- Rent includes unit 1(heat hot water)
- Assessor Parcel Number M:06 B:17C L:00044,1768374
Community Details
Overview
- 10 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
Building Details
- Electric Expense $3,000
- Insurance Expense $5,500
- Water Sewer Expense $12,000
- Operating Expense $59,950
- Net Operating Income $157,850
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2023 06/09/23 | Sold | $1,775,000 | -10.8% | $175 / Sq Ft |
| 04/20/2023 04/20/23 | For Sale | $1,990,000 | 0.0% | $196 / Sq Ft |
| 04/19/2023 04/19/23 | Pending | -- | -- | -- |
| 04/17/2023 04/17/23 | Pending | -- | -- | -- |
| 04/11/2023 04/11/23 | For Sale | $1,990,000 | +261.8% | $196 / Sq Ft |
| 02/01/2017 02/01/17 | Sold | $550,000 | -7.6% | $54 / Sq Ft |
| 12/08/2016 12/08/16 | Pending | -- | -- | -- |
| 09/19/2016 09/19/16 | Price Changed | $595,000 | -4.8% | $59 / Sq Ft |
| 07/25/2016 07/25/16 | Price Changed | $625,000 | -3.8% | $61 / Sq Ft |
| 06/28/2016 06/28/16 | For Sale | $650,000 | -- | $64 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kimberly Rickman
-
Brooke Packard
B
Buyer's Agent in 2023
Brooke Packard
Lamacchia Realty, Inc.
(508) 612-0821
3 in this area
161 Total Sales
-
Jim Glickman
Seller's Agent in 2017
Jim Glickman
NAI Glickman Kovago & Jacobs
(508) 459-4279
38 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73097325
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