NOT LISTED FOR SALE

31 5th Ave Webster, MA 01570

20 Beds
13 Baths
13,740 Sq Ft
1.07 Acres

Last Sold February 18, 2022

Last sale price $1,490,000 $108 Per Sq Ft

11 Days on Market

About This Home

As of February 2022

Rare and profitable Investment Property. Nine (9) Unit Multifamily located in Two Buildings, near downtown Webster. Located on 1.07 attractive Acres with 264 street frontage. Lead certs available for 5 Units. Other 4 Unit were built in 2004 with garage under. New dry sprinkler system installed in the garages in Aug 2021. New (9/21) roof on 4 units located in 31 Fifth Ave Building. . Most units remodeled in last 3 years. NO carpet, except on stairs. Only vacancy has been for remodeling when a tenant left. Tenants pay all utilities except Water/Sewer. Low maintenance vinyl siding. Parking for 22 cars Off Street. Gross yearly rents = $131,640. Expenses $25,198 + R.E. Taxes $12,075 = NOI $94,367. Cap rate 6.75. Great Cash Flow with nice tenants. GROUP SHOWINGS ON TUES 11/9 AND THURS 11/11 AT NOON. NO SHOWINGS BEFORE 11/9. CALL TO REGISTAR FOR GROUP SHOWINGS. OFFERS BY NOON SAT.11/13.

Last Agent to Sell the Property

Kevin Curry

Berkshire Hathaway HomeServices Commonwealth Real Estate Listed on: 11/02/2021

Berkshire Hathaway HomeServices Commonwealth Real Estate

Last Buyer's Agent

Eric Franszen

Century 21 Marathon

Century 21 Marathon

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 1.07

Parking

  • 4

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Directions: GPS
  • Garage Yn: Yes
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Gas Water Heater,Tank Water Heaterless
  • MAIN LO: AN6527
  • MAIN SO: AN0475
  • Full Bathrooms: 9
  • Half Bathrooms: 4
  • Total Bedrooms: 20
  • Fireplace: No
  • Flooring: Tile,Hardwood,Wood Laminate
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen,Family Room)
  • Stories: 3

Exterior Features

  • Roof: Shingle
  • Foundation Details: Concrete Perimeter, Stone
  • Construction Type: Frame
  • Disclosures: Lead Certs:2 Initial Letter Of Compliance, 3 Letters Of Full Deleading, 4 Built After 1978 = All 9 Units. Leases:4 One Year Leases, 5 Taw. Tenants Pay Utilities. All Floors Are Hardwood, Laminate Or Tile. Only Stairs Carpeted.
  • Exclusions: Tenant's Belonging.
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 22

Utilities

  • Heating: Natural Gas
  • Electric: Circuit Breakers, Individually Metered
  • Heating Yn: Yes
  • Laundry Features: Unit 1 Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Unit 1(Water), Unit 2(Water)

Fee Information

  • Annual Water Sewer Expense: 12130

Lot Info

  • LOT SIZE: 46644
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 46609.2
  • Zoning: MR12

Multi Family

  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEASE 2: N
  • LEASE 1: Y
  • Electric Expense: 420
  • Annual Gross Income: 131640
  • Insurance Expense: 6036
  • Property Net Operating Income: 106442
  • Number Of Units Total: 9
  • Annual Operating Expense: 25198
  • Total Actual Rent: 10970

Tax Info

  • Tax Annual Amount: 12075
  • Tax Book Number: 55484
  • Tax Year: 2021

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2022 02/18/22 Sold $1,490,000 +6.4% $108 / Sq Ft
11/14/2021 11/14/21 Pending -- -- --
11/02/2021 11/02/21 For Sale $1,400,000 +57.3% $102 / Sq Ft
12/21/2012 12/21/12 Sold $890,000 -8.7% $65 / Sq Ft View Prior Sale
11/21/2012 11/21/12 Pending -- -- --
05/22/2012 05/22/12 For Sale $975,000 -- $71 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $13,181 $1,109,500 $62,900 $1,046,600
2024 $13,151 $1,079,700 $60,500 $1,019,200
2023 $12,976 $1,038,100 $57,600 $980,500
2022 $10,894 $780,400 $56,000 $724,400
2021 $8,808 $583,300 $56,000 $527,300
2020 $8,211 $545,200 $56,000 $489,200
2019 $8,143 $531,200 $56,000 $475,200
2018 $8,021 $521,200 $56,000 $465,200
2017 $7,524 $497,300 $54,800 $442,500
2016 $7,055 $466,000 $49,600 $416,400
2015 $6,790 $462,500 $48,600 $413,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72915068

MLS Property Information Network (MLS PIN)

APN: WEBS M:13 B:C P:12