Welcome to this Rare Well maintained 5-Family IN Clark University.. Now is your chance to grab a rare opportunity. This charming building offers incredible potential to be cash-flow positive, as rents are currently well below the market. Tenants are all TAW. This is an Ideal student apartment spacious units, each featuring a roomy kitchen, full bath, and generously sized bedrooms. Each unit highlights hardwood flooring in all or some of the rooms. Convenient off-street paved parking and a two stall garage. The zoning on this property (RG-5 4-8 units) offers potential to add more units or convert the garage etc. Bring your ideas! Great location just minutes from all of Worcester's, new improved happening areas shopping, restaurants, ball park, College. Don’t miss out on this Fantastic investment opportunity! Open house coming soon.
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Last Updated: March 3rd, 2025 at 5:23am
Gross Income: $72,480
Gross Expenses: $11,117
Net Income Calc: $61,363
CAP Rate: 7.22%
Annual Expenses for 20 Loudon St, Worcester MA 01610
Total Gross Expenses (Calculated)$11,117/year
APOD AvailableYes
Heating$0
Electricity$0
Water$1,822
Gas$1,822
Insurance$0
Sewer$1,822
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$9,295
Annual Income & Unit Breakdown for 20 Loudon St, Worcester MA 01610
Total Gross Income (Calculated)$72,480
Unit 1
Rental Income1510
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit0
HeatingYes
Rent Includes
Unit 2
Rental Income1510
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit0
HeatingYes
Rent Includes
Unit 3
Rental Income1510
LeaseN
Bedrooms4
Bathrooms1 Full
Floor1
Levels in Unit0
HeatingYes
Rent Includes
Unit 4
Rental Income1510
LeaseN
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit0
HeatingYes
Rent Includes
General Information for 20 Loudon St, Worcester MA 01610
Listing ID73338279
Property TypeMulti Family
Price$849,999 ($143.03/SqFt)
Style
CityWorcester
CountyWorcester
MLS AreaSouth Worcester
Neighborhood(s)
Approximate Living Area Total5,943 SqFt
Approximate Lot Size (Acres)0.18 acres
Total Parking2
Garage Parking
Year Built1890
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsStone
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter,Stone
Accessible Features
Outdoor SpacePorch
ZoningRG-5
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 20 Loudon St, Worcester MA 01610
Disclosures for 20 Loudon St, Worcester MA 01610
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureBarn located in the rear of the property; vaccnt a
Building Area SourceOwner
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$42,740
Total Gross Income By Broker$86,362
Total Net Income By Broker$43,622
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation1%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Location Information for 20 Loudon St, Worcester MA 01610
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaSouth Worcester
Area AmenitiesWalk/jog Trails, Highway Access, Shopping, Park, Medical Facility, Laundromat, Public Transportation, University
Contact Information for 20 Loudon St, Worcester MA 01610