Investment Analysis — 10 Denny St

Worcester, MA 01609

Based on rent reported on the MLS listing, a 5-unit multi-family in 01609 carries $3,750/mo in gross rent — about a 4.14% cap rate and $26,881/yr in estimated NOI at the $649,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

3,144

Style

5+ Family - 5+ Units Side by Side

Built

1920

This is an excellent opportunity for investors. Five units in one location on a low maintenance lot. All of the units are tenant at will - no leases. Great curb appeal, vinyl/aluminum sided and recent porches. All separate utilities, tenants pay heat, electric and gas. There is a separate owner's panel for the common areas. Plenty of off street parking. The parking lot is recently paved with an excellent drain connected to the city storm drain. Long term, wonderful tenants. The units are in very good condition and the hallways are attractive and in good condition. There is really nothing to be done at this property. It is up and running and should be a smooth running building for a long while. This is an excellent rental area with the option to rent to WPI students. Excellent highway access.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.