This four-unit residential multifamily property offers a unique investment opportunity with the potential for a fifth unit, subject to town approvals. Currently configured as seven units without permits, the property will require a cash or rehab buyer ready to bring it into compliance. A sprinkler system is required, making this an ideal project for investors or developers with experience in multifamily renovations. With the right vision, this building can be transformed into a profitable rental asset in a strong market. The layout provides flexibility, and the potential for increased rental income makes this a worthwhile investment. Located in a desirable area, this property offers long-term value and growth. Many renovations have been completed including interior floors, paint, kitchen cabinets/countertops, appliances, windows, insulation, pavement, electrical, plumbing and rear deck.
This home has been viewed 13 times
Last Updated: March 18th, 2025 at 4:48am
Gross Income: $0
Gross Expenses: $6,304
Net Income Calc: $-6,304
CAP Rate: -1.15%
Annual Expenses for 8 Village Street, Dudley MA 01571
Total Gross Expenses (Calculated)$6,304/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$2,500
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$3,804
Annual Income & Unit Breakdown for 8 Village Street, Dudley MA 01571
Total Gross Income (Calculated)$0
Unit 1
Rental Income0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 8 Village Street, Dudley MA 01571
Listing ID73345249
Property TypeMulti Family / 4 Family
Price$549,900 ($158.38/SqFt)
Style
CityDudley
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total3,472 SqFt
Approximate Lot Size (Acres)0.16 acres
Total Parking8
Garage Parking
Year Built1910
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesGentle Sloping, Level, Cleared
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpaceDeck - Wood
ZoningB15
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 8 Village Street, Dudley MA 01571
Disclosures for 8 Village Street, Dudley MA 01571
Lead Paint
UFFINo
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$0
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 8 Village Street, Dudley MA 01571
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHouse Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation
Contact Information for 8 Village Street, Dudley MA 01571