ALL CAPITAL REALTY, LLC
22 South St, Westborough, MA 01581
508-366-4888 | [email protected]

59 Catharine St, Worcester, MA 01605

Multi-Family

$250,000
Price
$240,000
Sale Price

3
Units
4,386
Approx. GLA
BIG OPPORTUNITY! Enormous 3 family! Each floor has 6 rooms / 3 bedrooms / in-unit laundry hookups. Fully occupied with room to grow rents significantly. Most big updates are already done: Roof replaced in 2012, vinyl siding, all but a few windows are vinyl replacements. Other updates include: basement sewer pipe replacement (2014), new boiler (2014), 2nd floor lead cert of compliance (2016), 1st and 2nd floor porch rebuilds. List price reflects opportunity to dramatically increase annual income by overhauling the 3rd floor. 3rd floor currently occupied by long term TAW and will eventually require total cosmetic overhaul. Currently parking is on-street only. There is a curb cut to the right of the building and buyer may conduct due diligence about potential for adding driveway. Three electric panels (no owner's panel). Walk up attic. Current income reflects intentionally below market rents. GROUP SHOWING BY APPOINTMENT 3PM - 4PM THIS SUNDAY 4/15.
Highlights
Sale Price: $240,000
Settled Date: 6/7/2018 12:00:00 AM
Basement Features: Full
List Price: $250,000
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Sold
Beds: 9
Baths: 3
Units: 3
Year Built: 1920
Year Round: Yes
Approx. GLA: 4,386
MLS#: 72271799
 
Interior
Basement: Yes
Electric Features: Circuit Breakers, Other (See Remarks), Knob & Tube Wiring
Hot Water: Oil, Natural Gas
Rooms: 18
Lead Paint: Yes
Total Floors: 3
UFFI: Unknown
Exterior
Water: No
Acres: 0.09
Lot Size: 3,983.00
Lot Description: Other (See Remarks)
Foundation: Fieldstone, Brick
Parking Features: Other (See Remarks)
Road Type: Public, Paved, Publicly Maint., Sidewalk
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Vinyl
Exterior Features: Porch, Deck
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $198,800
Taxes: $3,821
Tax Year: 2017
Book/Page: 52949/73
Beach
Beach: No
Expenses
Expenses Source: Other (See Remarks)
Gross Income: $11,400
Gross Expenses: $5,118
Total Rent: $2,500
Net Income: $11,400
Insurance Cost: $3,529
Sewer Cost: $1,589
 
 
Additional
Amenities: Public Transportation, Medical Facility, Highway Access, Public School
Disclosure Declaration: Yes
Disclosure: 2nd floor has lead cert of compliance. 1st floor has gas stove and oil boiler for steam heat/hot water. 2nd and 3rd are gas hot water, gas heat by parlor stoves/gas range. Brick at interior foundation needs maintenance/repointing.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 6 3 0 1 1 0 No 1 $950
Unit 2 6 3 0 2 1 0 Yes 1 $950
Unit 3 6 3 0 3 1 0 No 1 $600
Units Extras
Unit 1
Applicances:  Range, Dishwasher, Refrigerator, Washer, Dryer  Heating:  Steam, Oil  Rooms:  Living Room, Kitchen, Family Room, Laundry 
Unit 2
Applicances:  Range, Refrigerator  Heating:  Gas  Rooms:  Living Room, Kitchen, Family Room, Laundry 
Unit 3
Applicances:  Range  Heating:  Gas  Rooms:  Living Room, Kitchen, Family Room, Laundry 
Map
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The listing office is Keller Williams Realty Greater Worcester and the listing agent is Hall Team Realtors. 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 it's 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. The data was last modified on 12/11/2018 5:35:00 PM.
 
All Capital Realty Team
All Capital Realty Team
ALL CAPITAL REALTY, LLC