9 Mt Vernon Street

Worcester, MA 01605

$1,100,000
Price
12
Beds
6
Baths
6,222 Sq. Ft.
$177 / Sq. Ft.
6,222
Sq. Ft.
$177
per Sq. Ft.

Description

This well-maintained 6-unit property is comprised of six spacious 2-bedroom/1-bathroom units, totaling 6,222 sq ft of living space. Notably, all units are separately metered for heat, hot water, and electricity. A new roof has been recently installed, and all units hold lead certificates. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of nearly $9,900 monthly. The property is centrally located, placing it is less than a mile from WPI and...This well-maintained 6-unit property is comprised of six spacious 2-bedroom/1-bathroom units, totaling 6,222 sq ft of living space. Notably, all units are separately metered for heat, hot water, and electricity. A new roof has been recently installed, and all units hold lead certificates. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of nearly $9,900 monthly. The property is centrally located, placing it is less than a mile from WPI and a short drive from all downtown amenities. It is directly across from Grant Square Park, offering 1.7 acres of recreational area. List price is a 7.73 cap rate on current.
  1. Listed by Ethan Lazar • Horvath & Tremblay
  2. Listed by Dennis Kelleher • Horvath & Tremblay

Property Details for 9 Mt Vernon Street

Town
Worcester
Area
MA-Worcester
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Horvath & Tremblay, Ethan Lazar; Horvath & Tremblay, Dennis Kelleher
Add your commute
LISTING UPDATED: 04/22/2024 09:16 AM

Property Details for 9 Mt Vernon Street

StatusUnder Agreement
MLS #73214513
Days on Market19
Taxes$11,129 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1927
CountyWorcester County

Location

Listing Courtesy of Horvath & Tremblay, Ethan Lazar; Horvath & Tremblay, Dennis Kelleher
Add your commute

Building Information for 9 Mt Vernon Street

Stories9Residences6Year Built1927Building Size-Lot Size0.16 AC / 6,834 SF

Payment Calculator

$6,931 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$927

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9 Mt Vernon Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park, Medical Facility, Highway Access, University
  • Living Area: 6222.0
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: 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
Exterior Features
  • Lot Description: Sloped
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Open Parking: Yes
Utilities
  • 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: 1762066
  • Assessments: $809,400
  • Book: 65170
  • 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
  • GOI: $119,740.00
  • Insurance: $6,072.00
  • GRE: $28,777
  • RME: $3,000
  • NOI: $84,976.00
  • Operating Expense: $28,777.00
  • WSE: $5,416.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $9,895.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 0

Property History for 9 Mt Vernon 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 9 Mt Vernon Street

Taxable ValueLand$47,400Additions$805,000Total$852,400
Tax Record2023$12,223 ($1,019 / month)
Home Facts
Baths6Total Finished SqFt6,222 SqFtAbove Grade Finished SqFt6,222 SqFtUnfinished Basement SqFt2,074 SqFtStories3Lot Size6,834 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningRG-5CountyWORCESTERAPNWORC M:01 B:010 L:00017

Schools near 9 Mt Vernon 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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, Dennis Kelleher

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.