Collins & Demac Real Estate

16 Wells St, Worcester, MA 01604

Multi-Family

$450,000
Price

5
Units
3,360
Approx. GLA
Nifty five unit building in great area. All units are one bedroom with long time tenants (many over ten years) that are tenants at will. Newer hot water heater and boiler. Low maintenance exterior. Unit 1 is in basement; reduced rate for handyman. Coin operated washer and dryer in basement for additional income of $150/ month. See MLS #72371785 for additional units nearby.
Open House
No scheduled Open Houses
Highlights
Terms: Contract for Deed
Basement Features: Full, Partially Finished, Interior Access, Concrete Floor
List Price: $450,000
Type: Multi-Family
Multi-Family Type: 5+ Family - 5+ Units Up/Down
Status: Active
Beds: 5
Baths: 5
Units: 5
Year Built: 1976
Year Round: Yes
Approx. GLA: 3,360
MLS#: 72371783
 
 
Interior
Basement: Yes
Electricity Cost: $550
Electric Features: 200 Amps, Individually Metered
Flooring: Wood
Energy: Storm Windows
Hot Water: Tank
Rooms: 14
Lead Paint: Unknown
Total Floors: 2
UFFI: Unknown
Exterior
Water: No
Acres: 0.21
Lot Size: 9,280.00
Lot Description: Paved Drive, Level
Foundation: Poured Concrete
Foundation Size: 38' x 42'
Parking Spaces: 5
Parking Features: Off-Street, Common, Paved Driveway
Road Type: Public, Paved, Publicly Maint.
Color: White
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Vinyl
Exterior Features: Porch, Satellite Dish
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $332,100
Taxes: $6,280
Tax Year: 2018
Book/Page: 26911/360
Warranty Available: No
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $42,600
Gross Expenses: $12,530
Total Rent: $3,550
Net Income: $36,350
Heat Cost: $2,500
Insurance Cost: $2,000
Water Cost: $1,200
 
Additional
Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Disclosure Declaration: No
Disclosure: Broker Does Not Guarantee The Accuracy of Square Footage, Lot Size or Other Information Concerning The Condition or Features of The Property Provided By The Seller or Obtained From Public Records or Other Sources & The Buyer Is Advised to Independently Verify the Accuracy of All Information.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 No 1 $500
Unit 2 3 1 0 1 1 0 No 1 $750
Unit 3 3 1 0 1 1 0 No 1 $775
Unit 4 3 1 0 2 1 0 No 1 $750
Units Extras
Unit 1
Rent Includes:  Heat, Water, Hot Water  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Heat, Water, Hot Water  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Heat, Water, Hot Water  Rooms:  Living Room, Kitchen 
Unit 4
Rent Includes:  Heat, Water, Hot Water  Rooms:  Living Room, Kitchen 
Common
Applicances:  Washer, Dryer  Interior:  Hardwood Floors  Rooms:  Laundry 
Map
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The listing office is Collins & Demac Real Estate and the listing agent is Jeanne Pandiani. 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 8/15/2018 2:35:00 PM.
 
Jeanne Pandiani
Jeanne Pandiani
REALTOR®, Broker Associate
Collins & Demac Real Estate