Seller's Agent in 2023
Kimberly Rickman
OWN IT
(508) 667-4931
2 in this area
66 Total Sales
2 Preston St Worcester, MA 01610
University Park Neighborhood
29
Beds
10
Baths
10,170
Sq Ft
3,049
Sq Ft Lot Lot
Highlights
- Medical Services
- Property is near public transit and schools
- 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 Buyer's Agent
Brooke Coughlin
Lamacchia Realty, Inc.
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
Utilities
- No Cooling
- 10 Heating Zones
- Heating Available
- Separate Meters
- 100 Amp Service
- Natural Gas Connected
- Gas Water Heater
Additional Features
- Laundry Room
- Deck
- Property is near public transit and schools
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,495 | $1,857,100 | $200,000 | $1,657,100 |
| 2024 | $18,497 | $1,345,200 | $700,000 | $645,200 |
| 2023 | $20,108 | $1,402,200 | $600,000 | $802,200 |
| 2022 | $17,756 | $1,167,400 | $550,000 | $617,400 |
| 2021 | $14,800 | $909,100 | $375,000 | $534,100 |
| 2020 | $13,372 | $786,600 | $375,000 | $411,600 |
| 2019 | $12,872 | $715,100 | $375,000 | $340,100 |
| 2018 | $13,158 | $695,800 | $375,000 | $320,800 |
| 2017 | $13,373 | $695,800 | $375,000 | $320,800 |
| 2016 | $9,083 | $440,700 | $137,500 | $303,200 |
| 2015 | $8,845 | $440,700 | $137,500 | $303,200 |
| 2014 | $8,611 | $440,700 | $137,500 | $303,200 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly Rickman
-
B
Buyer's Agent in 2023
Brooke Coughlin
Lamacchia Realty, Inc.
-
Jim Glickman
Seller's Agent in 2017
Jim Glickman
NAI Glickman Kovago & Jacobs
(508) 459-4279
32 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73097325
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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 its 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.
Nearby Homes
- 4 Preston St
- 12 Oread St
- 10 Lagrange St
- 817 Main St
- 39 Woodland St
- 34 Irving St
- 15 Russell St
- 12 Crown St
- 70 Southbridge St Unit 310
- 22 Hollywood St Unit 4B
- 5 Claremont St
- 5 Ripley Place
- 35 May St
- 131 Pleasant St
- 45 May St
- 8 Ashland St Unit 8G
- 17 Federal St Unit 210
- 17 Federal St Unit 506
- 40 Hollywood St
- 200 Beacon St
- 5 Preston St
- 7 Preston St
- 6 Dale St
- 9 Preston St
- 6 Preston St
- 10 Preston St Unit 12
- 10 Preston St
- 2 Preston St Unit 6
- 2 Preston St Unit 10
- 2 Preston St Unit 9
- 2 Preston St Unit 3
- 2 Preston St Unit 8
- 2 Preston St Unit 1
- 11 Preston St
- 14 Dale St
- 13 Preston St
- 28 Piedmont St
- 14 Preston St
- 16 Dale St
- 16 Preston St
Your Personal Tour Guide
Ask me questions while you tour the home.