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Buy a multi-family propertyat 1 Cheney Street, Worcester, MA 01610

$619,000

$0/mo

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Multifamily

4,368 Sq. Ft.

4,818 Sq. Ft. lot

12 Bedrooms

3 Bathrooms

473 Days on market

73062664 MLS ID

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About 1 Cheney Street multi-family property

***INVESTMENT OPPORTUNITY*** PRIME LOCATION STEPS TO CLARK U in tuition free zone. Prized 6 room 4 bedroom layout with nearly 1,500 sqft in each unit! Modernized units with contemporary flooring, kitchens, bathrooms and in-unit laundry hookups. Paved driveway with parking for 7 vehicles. Updated heating system with hot water baseboard in each unit. Individually metered gas boilers and electric water heaters, approx 10 years old. Individually metered electric with separate owner's panel. Recent vinyl windows and soffits. De-lead cert for 2nd floor unit. Fully rented with impressive long-term gross monthlies. 1st & 2nd floor are 7 & 10-year tenants with guaranteed payment through RCAP. 3rd floor is TAW. Building orientation and size may allow for future solar roof or additional bathrooms subject to permitting and approvals. Full breakdown of rents available upon request. Owner will consider delivering U3 vacant. *VR tour link* https://musee.xitotech.com/e/index.html?tour=257o259
***INVESTMENT OPPORTUNITY*** PRIME LOCATION STEPS TO CLARK U in tuition free zone. Prized 6 room 4 bedroom layout with nearly 1,500 sqft in each unit! Modernized units with contemporary flooring, kitchens, bathrooms and in-unit laundry hookups. Paved driveway with parking for 7 vehicles. Updated heating system with hot water baseboard in each unit. Individually metered gas boilers and electric water heaters, approx 10 years old. Individually metered electric with separate owner's panel. Recent vinyl windows and soffits. De-lead cert for 2nd floor unit. Fully rented with impressive long-term gross monthlies. 1st & 2nd floor are 7 & 10-year tenants with guaranteed payment through RCAP. 3rd floor is TAW. Building orientation and size may allow for future solar roof or additional bathrooms subject to permitting and approvals. Full breakdown of rents available upon request. Owner will consider delivering U3 vacant. *VR tour link* https://musee.xitotech.com/e/index.html?tour=257o259

Property details

Property Access

Road Frontage Type: "Public"

Road Surface Type: "Paved"

Appliances and Equipment

Appliances: "Electric Water Heater", "Utility Connections for Electric Range"

Basement

Basement: "Full", "Dirt Floor", "Unfinished"

House

Building Area Total: 4368

Building Area Units: Square Feet

Construction Materials: "Frame"

Living Area: 4368

Stories Total: 6

Year Built Source: Public Records

Year Built: 1915

Number Of Units Total: 3

Community

Community Features: "Public Transportation", "Shopping", "Park", "University", "Sidewalks"

Foundation

Foundation Details: "Stone", "Brick/Mortar"

Income

Gross Income: 67200

Laundry

Features: "Washer Hookup"

Lot

Lot Size Acres: 0.11

Lot Size Area: 0.11

Lot Size Square Feet: 4818

Lot Size Units: Acres

Parcel Number: M

Parking

Parking Features: "Paved Drive", "Off Street", "Paved"

Parking Total: 5

Property

Property Sub Type: 3 Family

Zoning: RG-5

Roof

Roof: "Shingle"

Sewer

Sewer: "Public Sewer"

Taxes

Tax Annual Amount: 5696

Tax Year: 2022

Utilities

Electric: "Circuit Breakers", "Individually Metered"

Utilities: "for Electric Range", "Washer Hookup"

Water Source: "Public"

Windows

Window Features: "Insulated Windows"

Monthly cost

Estimated monthly cost

$4,187/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Mar 28, 2014

Price

$185,000

Date

Apr 23, 2012

Price

$73,500

Date

Feb 8, 2008

Price

$346,657

DatePrice
Mar 28, 2014$185,000
Apr 23, 2012$73,500
Feb 8, 2008$346,657

Schools

This home is within the Worcester Public Schools.

Worcester enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$581,860

+$18,570

$600,430

Seller agent commission$18,570 (3%)*

$0 (0%)

Buyer agent commission$18,570 (3%)*

$18,570 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $18,570 more selling your home
with a Unreal Estate agent

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State

  • Land in Massachusetts
  • Condos in Massachusetts
  • Real Estate in Massachusetts

Unreal Estate checked: Aug 8, 2023 at 4:40 p.m.

Data updated: Jan 11, 2023 at 8:28 a.m.

Courtesy of Keller Williams Realty Greater Worcester, Erika Hall.
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.
Listing Information © 2024 MLS Property Information Network. All Rights Reserved.

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