7 Mott Street

Worcester, MA 01604

$630,000
Last Sold Price
9
Beds
3
Baths
3,981 Sq. Ft.
$158 / Sq. Ft.
3,981
Sq. Ft.
$158
per Sq. Ft.

Description

OPEN HOUSE SATURDAY June 3rd from 2:30-4pm. Welcome to 7 Mott St-- the turn key investment you have been waiting for! This classic triple decker features three very spacious and bright 3 bedroom apartments. All units have their own storage, washer /dryer hook ups, plus there is driveway parking-- all things long term tenants are looking for! Tenant retention = cash flow! Lead certs in hand for apartments 1 and 2. All separately metered gas and electric services with an owner's panel. Long term tenants...OPEN HOUSE SATURDAY June 3rd from 2:30-4pm. Welcome to 7 Mott St-- the turn key investment you have been waiting for! This classic triple decker features three very spacious and bright 3 bedroom apartments. All units have their own storage, washer /dryer hook ups, plus there is driveway parking-- all things long term tenants are looking for! Tenant retention = cash flow! Lead certs in hand for apartments 1 and 2. All separately metered gas and electric services with an owner's panel. Long term tenants with room for growth on the rents. Potential rental income of $6000/m! Potential to convert to 4 bedroom units for additional income. Very close to the fun at Polar Park and Rt 290 for an easy commute. The small lot and consistent maintenance throughout current ownership minimizes operational expenses. This building is professionally managed and runs like clockwork. Rent rolls and trailing 12 financials are available upon request. Y2D financials running at a 29% expense ratio!
  1. Listed by Michaela Hillier • Castinetti Realty Group
  2. Listed by Shawna Byfield • Castinetti Realty Group

Property Details for 7 Mott Street

Town
Worcester
Area
MA-Worcester
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Listing Courtesy of Castinetti Realty Group, Michaela Hillier; Castinetti Realty Group, Shawna Byfield

Sold By Lamacchia Realty, Inc., Maria Leblanc

Add your commute
LISTING UPDATED: 08/01/2023 12:26 PM

Property Details for 7 Mott Street

StatusSold
MLS #73111491
Days on Market25
Taxes$6,695 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1890
CountyWorcester County

Location

Listing Courtesy of Castinetti Realty Group, Michaela Hillier; Castinetti Realty Group, Shawna Byfield

Sold By Lamacchia Realty, Inc., Maria Leblanc

Add your commute

Building Information for 7 Mott Street

Stories6Residences3Year Built1890Building Size-Lot Size0.09 AC / 3,925 SF

Payment Calculator

$3,996 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,438

Property Taxes

$558

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7 Mott Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School, University
  • Current Financing: FHA
  • Living Area: 3981.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 2(Range, Refrigerator), Gas Water Heater
  • Basement Features: Full
  • 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
  • Interior Features: Unit 1(Lead Certification Available, Storage, Bathroom With Tub & Shower), Unit 2(Lead Certification Available, Storage), Unit 1 Rooms(Living Room, Dining Room, Kitchen)
  • Laundry Features: Unit 1(Washer Hookup, Dryer Hookup, Washer & Dryer Hookup)
  • SpaYN: No
Exterior Features
  • Lot Description: Level
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
  • Cooling: Unit 1(None)
  • Cooling: No
  • Electric: 110 Volts
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Seller is a licensed agent. Listing agent is the property manager for the building.
Tax Information
  • Listing Terms: Other (See Remarks)
  • Tax ID: M:04 B:034 L:00031,1765433
  • Assessments: $466,900
  • Block: 034
  • Book: 59670
  • Lot: 0031
  • Map: 04
  • Tax Year: 2023
  • Zoning: RG-5
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Annual Expenses Source: Other (See Remarks)
  • GOI: $54,600.00
  • RFS: $0
  • NOI: $54,600.00
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: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,550.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 7 Mott 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 7 Mott Street

Taxable ValueLand$43,200Additions$423,700Total$466,900
Tax Record2023$6,695 ($558 / month)
Home Facts
Baths3Total Finished SqFt3,981 SqFtAbove Grade Finished SqFt3,981 SqFtUnfinished Basement SqFt1,505 SqFtStories3Lot Size3,925 SqFtStyleTriplexYear Built1890ZoningRG-5CountyWORCESTERAPNWORC M:04 B:034 L:00031

Schools near 7 Mott 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
Jacob Hiatt Magnet
PublicPK to 6

Chandler Magnet
PublicPK to 6

Union Hill School
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 Castinetti Realty Group, Michaela Hillier; Castinetti Realty Group, Shawna Byfield

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.