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31-33 Fifth Ave

Webster, MA 01570
  • $1,400,000
  • STATUS: Under Agreement
  • MLS #: 72915068
Pending
UPDATED: 52 min ago
$1,400,000
  • 20
    BEDS
  • 1.07
    ACRES
  • 9
    BATHS
  • 4
    1/2 BATHS
  • 13,740
    SQFT
  • $102
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Listing courtesy of Kevin Curry of Berkshire Hathaway Homeservices Commonwealth Real Estate.

Description

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.

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The property listing data and information 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 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 set forth herein. Data last updated 2021-12-04T14:08:10.86.
www.zackharwoodrealestate.com/homes/122959172
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31-33 Fifth Ave Webster, MA 01570

  • Price: $1,400,000
  • Status: Under Agreement
  • On Site: Days
  • Updated: 52 min ago
  • MLS #: 72915068
20
Beds
9
Baths
4
½ Baths
1.07
Acres
13,740
SQFT
$102
$/SQFT
1900
Built
Neighborhood:
Other
County:
Worcester
Area:
Other
Property Description
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.
Exterior Features

Beachfront No Construction Frame Exterior Vinyl Foundation Poured ConcreteFieldstone Frontage 264.00 Lot Description Paved Drive Parking Features Off-Street Parking Spaces 22 Road Type PublicPublicly Maint. Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No

Interior Features

Basement Yes Bedrooms Unit1 3 Bedrooms Unit2 4 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Flooring TileHardwoodWood Laminate Floors Unit1 1 Floors Unit2 2 Full Baths Unit1 1 Full Baths Unit2 1 Half Baths Unit1 1 Half Baths Unit2 1 Heating Common Gas Hot Water Natural GasTankless Levels 2 Levels Unit1 1 Levels Unit2 2 Rooms 12 Rooms Description Unit1 Living RoomKitchenLaundry Rooms Description Unit2 Living RoomKitchenFamily Room Rooms Unit1 5 Rooms Unit2 7

Property Features

Apod Available Yes Assessments 799700.00 Contingency Type Pending P&S Disclosure No Disclosures Lead Certs:2 Initial Letter Of Compliance3 Letters Of Full Deleading4 Built After 1978 = All 9 Units. Leases:4 One Year Leases5 Taw. Tenants Pay Utilities. All Floors Are HardwoodLaminate Or Tile. Only Stairs Carpeted. Electric Features Circuit BreakersIndividually Metered Exclusions Tenant's Belonging. Expenses Source Owner Provided Expenses Year End 10/21 Gross Operating Income 131640 Lead Paint Certified TreatedUnknown Lease Unit1 Y Lease Unit2 N Lender Owned No Multifamily Type 5-9 Family Net Operating Income 106442 Rent Description Unit1 Water Rent Description Unit2 Water Rent Unit1 1500 Rent Unit2 1320 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Two BuildingWith One Basement Apartment972 Sf. 4 Units Built 2004. 9 Units Total. Sq Ft Includes Basement Yes Sq Ft Source Public Record Tax Year 2021 Taxes 12075.00 Terms Contract For Deed Water City/Town Water Year Built Description Approximate Year Built Source Public Record Year Round Yes Zoning Mr12

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Kevin Curry of Berkshire Hathaway Homeservices Commonwealth Real Estate.


The property listing data and information 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 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 set forth herein. Data last updated 2021-12-04T14:08:10.86.
 
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Zack Harwood Real Estate | Berkshire Hathaway HomeServices Warren Residential
535 Boylston Street 8th Floor
Boston MA, 02116
Listing courtesy of Kevin Curry of Berkshire Hathaway Homeservices Commonwealth Real Estate.