27 Lafayette Street

Worcester, MA 01610

$460,000
Last Sold Price
8
Beds
3
Baths
2,697 Sq. Ft.
$171 / Sq. Ft.
2,697
Sq. Ft.
$171
per Sq. Ft.

Description

Motivated seller! Three-family with a huge parking lot in the city's most actively developed area. Property is stabilized and currently makes $4600 in rents per month. All units are below market value and the total rent could be $5300. There is additional income from the newly setup coin-op laundry. Pro forma financial statement available upon request. Sits in a very lively neighborhood, short walk to the Polar Park and the Canal District with bars, restaurants and the Worcester Public Market. Off...Motivated seller! Three-family with a huge parking lot in the city's most actively developed area. Property is stabilized and currently makes $4600 in rents per month. All units are below market value and the total rent could be $5300. There is additional income from the newly setup coin-op laundry. Pro forma financial statement available upon request. Sits in a very lively neighborhood, short walk to the Polar Park and the Canal District with bars, restaurants and the Worcester Public Market. Off street parking for up to 10 cars. All 3 units have some updates done in the past 2 years. 3 furnaces installed in 2016. Lead certificates for all units. Landlord meter. Unit 3 is TAW. Potential for future expansion with a large walk-up attic. Great opportunity to own a piece of real estate in the city's most thriving and transforming area. Suitable for owner occupants or investors.
  1. Listed by Jason Saphire • www.HomeZu.com

Property Details for 27 Lafayette Street

Town
Worcester
MLS Area
Green Island
Area
MA-Worcester-Green Island, MA-Worcester
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10

Location

Listing Courtesy of www.HomeZu.com, Jason Saphire

Sold By Chinatti Realty Group, Inc., Nichole Hunter

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LISTING UPDATED: 07/11/2023 01:42 AM

Property Details for 27 Lafayette Street

StatusSold
MLS #73106181
Days on Market31
Taxes$6,098 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1890
CountyWorcester County

Location

Listing Courtesy of www.HomeZu.com, Jason Saphire

Sold By Chinatti Realty Group, Inc., Nichole Hunter

Add your commute

Building Information for 27 Lafayette Street

Stories6Residences3Year Built1890Building Size-Lot Size0.10 AC / 4,393 SF

Payment Calculator

$3,019 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,510

Property Taxes

$508

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 27 Lafayette Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 2697.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater, Utility Connections for Gas Range
  • Basement Features: Dirt Floor
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: 200+ Amp Service
  • Green Energy Efficient: Other (See Remarks)
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: 1765979
  • Assessments: $425,300
  • Book: 55328
  • Tax Year: 2023
  • Zoning: BG-3
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $55,200.00
  • NOI: $55,200.00
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: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,600.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 0

Property History for 27 Lafayette 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 27 Lafayette Street

Taxable ValueLand$46,600Additions$378,700Total$425,300
Tax Record2023$6,099 ($508 / month)
Home Facts
Baths3Total Finished SqFt2,697 SqFtAbove Grade Finished SqFt2,697 SqFtUnfinished Basement SqFt897 SqFtStories3Lot Size4,393 SqFtStyleTriplexYear Built1890ZoningBG-3CountyWORCESTERAPNWORC M:05 B:021 L:00074

Schools near 27 Lafayette Street

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

Jacob Hiatt Magnet
PublicPK to 6

Chandler Elementary Community
PublicK to 6

Worcester East 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 www.HomeZu.com, Jason Saphire

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.