6 Fruit Street

Worcester, MA 01609

$1,600,000
Price
17
Beds
7
Baths
5,682 Sq. Ft.
$282 / Sq. Ft.
5,682
Sq. Ft.
$282
per Sq. Ft.

Description

This well-maintained 7-unit property consists of three 3-bedroom/1-bathroom and four 2-bedroom/1-bathroom units, totaling 5,682 sq ft of living space. Notably, all units have undergone extensive renovations, mostly featuring granite countertops, stainless steel appliances, new bathrooms, and modern finishes. It is separately metered for heat and electric, with the owner only responsible for hot water. The property also includes off-street parking. There is an opportunity to strategically increase...This well-maintained 7-unit property consists of three 3-bedroom/1-bathroom and four 2-bedroom/1-bathroom units, totaling 5,682 sq ft of living space. Notably, all units have undergone extensive renovations, mostly featuring granite countertops, stainless steel appliances, new bathrooms, and modern finishes. It is separately metered for heat and electric, with the owner only responsible for hot water. The property also includes off-street parking. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $13,145 monthly. Centrally located, it’s within less than a mile of WPI and a short walk from Elm Park and other downtown amenities. Listed at a 7.35 cap rate, this property represents a valuable investment a growing Worcester market.
  1. Listed by Ethan Lazar • Horvath & Tremblay
  2. Listed by Dennis Kelleher • Horvath & Tremblay

Property Details for 6 Fruit Street

Town
Worcester
Area
MA-Worcester
Garage Spaces
0
Parking Spaces
3.00
Parking Spaces Total
3

Location

Listing Courtesy of Horvath & Tremblay, Ethan Lazar; Horvath & Tremblay, Dennis Kelleher
Add your commute
LISTING UPDATED: 05/31/2024 12:20 PM

Property Details for 6 Fruit Street

StatusUnder Agreement
MLS #73239807
Days on Market14
Taxes$9,497 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1890
CountyWorcester County

Location

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

Building Information for 6 Fruit Street

Stories11Residences7Year Built1890Building Size-Lot Size0.12 AC / 5,015 SF

Payment Calculator

$9,523 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$791

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6 Fruit Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, University
  • Living Area: 5682.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 7
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 7.0
  • Num of Full Baths: 7
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 7.00
  • Bathrooms Total Integer: 7
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Gentle Sloping
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
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: 1764108
  • Assessments: $690,700
  • Book: 67387
  • Tax Year: 2024
  • Zoning: RG-5
Building / Association Information
Living Characteristics
  • Beds Total: 17
  • Total Living Levels: 11
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $2,054.00
  • Annual Expenses Source: Owner
  • GOI: $159,240.00
  • Gross Scheduled Income: $1,836.00
  • Insurance: $7,000.00
  • GRE: $33,608
  • MSE: $3,000
  • RFS: $2,100
  • RME: $3,500
  • NOI: $117,670.00
  • Operating Expense: $33,608.00
  • WSE: $4,620.00
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: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $13,145.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 6 Fruit 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 6 Fruit Street

Taxable ValueLand$64,900Additions$657,000Total$721,900
Tax Record2023$10,352 ($863 / month)
Home Facts
Baths7Total Finished SqFt5,671 SqFtAbove Grade Finished SqFt5,671 SqFtUnfinished Basement SqFt690 SqFtStories4Lot Size5,015 SqFtStyleMulti-Family Res (5+ Units)Year Built1890ZoningRG-5CountyWORCESTERAPNWORC M:03 B:027 L:00016

Schools near 6 Fruit 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

Elm Park Community
PublicK to 6

Forest Grove 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, 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.