Property 1:

xxx Lincoln St.

Worcester MA 01605

9 Beds 

3 Baths

4152 SQFT

Total Price: $883,000

ENTRY: $105,000 + CC + TC

Monthly Payment To Seller : $5084.79 (30 year amortization / 6.7% Interest)

Taxes & Insurance Combined: $850/Month

Unit 1: Rented: $2500

Unit 2: Rented $2500

Unit 3: Rented $1400 ($2500 Market Value)

Current Combined Rents: $6400

Max Combined Rents: $7500

Property Also Has A Detached 5 Car Garage That Can Be Rented For $300 A Month Per Space ($1500 Total).

Max Potential Net Total Cashflow: $3065.21

Potential Net Cashflow (Without Garage): $1565.21 

3 Bed 1 Bath Per Unit, great location local to many hospitals, schools, and downtown amenities for guests. Property is in appreciating market with rents / home values increasing rapidly. Seller has existing debt on the property, monthly payment including taxes and insurance will be paid directly to seller.

EMD: $10,000 

COE: 08/30/24

Title Company: OFN National Escrow

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Property 2:

xxx Lincoln St.

Worcester MA 01605

9 Beds

3 Baths

4152 SQFT

Total Price: $858,000

Down Payment: $103,000 + CC + TC

Monthly Payment To Seller: $4835.32 (30 Year Amortization / 6.5% Interest )

Taxes & Insurance Combined: $850/Month

Unit 1 Rented: $1716 (Section 8, Market Rent is $2200)

Unit 2 Rented: $2500

Unit 3 Rented: $2400

Combined Total Rent: $6616

Combined Max Potential Rent: $7100

Current Net Cashflow: $930.68

Max Potential Net Cashflow: $1414.68

3 Bed 1 Bath Per Unit, great location local to many hospitals, schools, and downtown amenities for guests. Property is in appreciating market with rents / home values increasing rapidly. Seller has existing debt on the property, monthly payment including taxes and insurance will be paid directly to seller.

EMD: $10,000

COE: 08/30/24

Title Company: OFN National Escrow

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Pricing:

Property 1 - ENTRY: $105,000 + CC + TC

Property 2 - ENTRY: $103,000 + CC + TC

Package Deal - $205,000 Entry + CC + TC

Note: Pictures are prior to updates being completed and tenants occupying in March

Access via apt - will need a 48 hour notice for tenants.

Contact: 813-537-6756