11 Ashton Street

Worcester, MA 01605

$1,200,000
Price
12
Beds
6
Baths
5,292 Sq. Ft.
$227 / Sq. Ft.
5,292
Sq. Ft.
$227
per Sq. Ft.

Description

This well-maintained 6-unit property consists of six spacious 2-bedroom/1-bathroom units, totaling 5,292 sq ft of living space. Notably, all units are separately metered for heat, hot water, electricity, and air conditioning. Five of the six units have undergone extensive renovations, featuring granite countertops, stainless steel appliances, new bathrooms, and modern finishes. The property boasts a large parking lot accommodating more than 10 cars comfortably. There is an opportunity to strategically...This well-maintained 6-unit property consists of six spacious 2-bedroom/1-bathroom units, totaling 5,292 sq ft of living space. Notably, all units are separately metered for heat, hot water, electricity, and air conditioning. Five of the six units have undergone extensive renovations, featuring granite countertops, stainless steel appliances, new bathrooms, and modern finishes. The property boasts a large parking lot accommodating more than 10 cars comfortably. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $10,000 monthly. The unrenovated unit currently earns well below market rent, and the lease is currently tenant-at-will, allowing for the efficient transition to market rent. Centrally located, it's within a short drive of WPI, Assumption University, and all downtown amenities. Additionally, it's within walking distance from UMass Memorial Hahnemann Family Medical Center. Listed at a 7.74% cap rate.
  1. Listed by Ethan Lazar • Horvath & Tremblay
  2. Listed by John Pentore • Horvath & Tremblay

Property Details for 11 Ashton Street

Town
Worcester
Area
MA-Worcester
Garage Spaces
0
Parking Spaces
12.00
Parking Spaces Total
12

Location

Listing Courtesy of Horvath & Tremblay, Ethan Lazar; Horvath & Tremblay, John Pentore
Add your commute
LISTING UPDATED: 04/03/2024 08:32 AM

Property Details for 11 Ashton Street

StatusUnder Agreement
MLS #73214734
Days on Market14
Taxes$9,551 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1920
CountyWorcester County

Location

Listing Courtesy of Horvath & Tremblay, Ethan Lazar; Horvath & Tremblay, John Pentore
Add your commute

Building Information for 11 Ashton Street

Stories9Residences6Year Built1920Building Size-Lot Size0.22 AC / 9,626 SF

Payment Calculator

$7,345 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$796

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11 Ashton Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Medical Facility, Highway Access, Public School, University
  • Living Area: 5292.0
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Central
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 1770871
  • Assessments: $694,600
  • Book: 61604
  • Tax Year: 2024
  • Zoning: RG-5
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $660.00
  • Annual Expenses Source: Owner
  • GOI: $122,500.00
  • Insurance: $4,600.00
  • GRE: $23,507
  • RME: $3,000
  • NOI: $92,868.00
  • Operating Expense: $23,507.00
  • WSE: $2,697.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $10,000.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 0

Property History for 11 Ashton Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11 Ashton Street

Taxable ValueLand$76,600Additions$652,800Total$729,400
Tax Record2023$10,460 ($872 / month)
Home Facts
Baths6Total Finished SqFt5,292 SqFtAbove Grade Finished SqFt5,292 SqFtUnfinished Basement SqFt1,764 SqFtStories3Lot Size9,626 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRG-5CountyWORCESTERAPNWORC M:09 B:010 L:00013

Schools near 11 Ashton Street

This home is within Worcester School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - 7 to 8
Rating
School
Distance
Jacob Hiatt Magnet
PublicPK to 6

Chandler Magnet
PublicPK to 6

Belmont Street Community
PublicPK to 6

Burncoat Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay, Ethan Lazar; Horvath & Tremblay, John Pentore

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.