James Kalogeropoulos
RE/MAX Partners
(774) 545-8720
82 Total Sales
1 in Union HIll
$1,100,000 Price
5 Palm St Worcester, MA 01604
Union HIll Neighborhood
8
Beds
7.5
Baths
5,600
Sq Ft
0.26
Acre Lot
Highlights
- Medical Services
- Property is near golf course, public transit, and schools
- Corner Lot
- 0.26 Acre Lot
- Wood Flooring
- Enclosed Patio or Porch
About This Home
As of August 2023Incredible investment opportunity! Rare, well maintained 7 unit property with just under an 8% cap rate and a monthly rent roll of $9,900 with room for growth. (4) 1-bedroom units, (2) 2-bedroom units, (1) 2 story 2-bedroom cottage 9230 square feet on .26 acre lot. All units are separately metered and tenants pay their own utilities. The location is hard to beat being minutes to all major highways, the train station, airport, restaurants, shopping, hospitals, colleges/universities and Polar Park making it an ideal location for all tenants and for APPRECIATION! Group showing Sunday June 4th 11am-2pm. Investors, you won’t want to miss this!** View Offer Memorandum in attached documents for further details.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,423
Year Built
- Built in 1925
Lot Details
- 11,357 Sq Ft Lot
- Corner Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 5,600 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
- Washer Hookup
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
Parking
- 2 Car Parking Spaces
- Open Parking
- Off-Street Parking
Outdoor Features
- Enclosed Patio or Porch
- Outdoor Storage
Location
- Property is near golf course, public transit, and schools
Utilities
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $9,900
- Assessor Parcel Number M:18 B:003 L:00196,1780074
Community Details
Overview
- 7 Units
Amenities
- Medical Services
- Shops
Building Details
- Electric Expense $600
- Insurance Expense $4,800
- Water Sewer Expense $3,032
- Operating Expense $22,355
- Net Operating Income $92,881
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Union HIll, MA
-
James Kalogeropoulos
-
Raymund Lopolito
Raymund Lopolito
Starterline
(774) 233-8744
34 Total Sales
1 in Union HIll
$665,000 Price
-
ZhiChao Chen
ZhiChao Chen
SPACE CY REALTY LIMITED
(855) 528-1854
141 Total Sales
1 in Union HIll
$530,000 Price
-
Issam Dib
Issam Dib
Skyline Realty
(781) 776-5266
37 Total Sales
1 in Union HIll
$660,000 Price
-
Juliana Danquah
Juliana Danquah
XSell Realty, LLC
(774) 515-4040
104 Total Sales
11 in Union HIll
$150K - $765K Price Range
-
Sharon Ridley
Sharon Ridley
StartPoint Realty
(774) 479-4424
96 Total Sales
1 in Union HIll
$525,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,070,000 | None Available | ||
| Byrnes Inv Group Llc | $894,000 | None Available | |
| Afm Rt | $450,000 | -- | |
| Clark James | -- | -- | |
| Amorello Alexandria | $315,000 | -- | |
| Burns Robert B | $125,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | -- | $856,000 | |
| Previous Owner | -- | $670,500 | |
| Previous Owner | Afm Rt | $410,000 | |
| Closed | -- | $337,500 | |
| Previous Owner | Clark James | $10,000 | |
| Closed | Clark James | $175,000 | |
| Closed | Clark James G | $20,000 | |
| Previous Owner | Clark James | $30,000 | |
| Previous Owner | Burns Robert B | $165,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2023 08/04/23 | Sold | $1,070,000 | -10.8% | $191 / Sq Ft |
| 06/06/2023 06/06/23 | Pending | -- | -- | -- |
| 05/29/2023 05/29/23 | For Sale | $1,200,000 | -- | $214 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $13,545 | $1,026,900 | $131,300 | $895,600 |
| 2024 | $11,546 | $839,700 | $47,300 | $792,400 |
| 2023 | $11,423 | $796,600 | $29,600 | $767,000 |
| 2022 | $10,601 | $697,000 | $24,700 | $672,300 |
| 2021 | $8,995 | $552,500 | $24,700 | $527,800 |
| 2020 | $7,166 | $421,500 | $24,700 | $396,800 |
| 2019 | $7,225 | $401,400 | $23,600 | $377,800 |
| 2018 | $7,373 | $389,900 | $23,600 | $366,300 |
| 2017 | $6,610 | $343,900 | $23,600 | $320,300 |
| 2016 | $7,514 | $364,600 | $50,400 | $314,200 |
| 2015 | $7,089 | $353,200 | $39,000 | $314,200 |
| 2014 | $6,902 | $353,200 | $39,000 | $314,200 |
Source: Public Records
Agents Affiliated with this Home
-
Benjamin Carbone
Seller's Agent in 2023
Benjamin Carbone
Lamacchia Realty, Inc.
(860) 382-6184
1 in this area
90 Total Sales
-
Brooke Coughlin
Seller Co-Listing Agent in 2023
Brooke Coughlin
Lamacchia Realty, Inc.
(508) 612-0821
1 in this area
225 Total Sales
-
George Bahnan
Buyer's Agent in 2023
George Bahnan
Bahnan Realty Company
(508) 635-7758
2 in this area
21 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73115091
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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.
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