Investment Analysis — 36A Gibbs St #11

Worcester, MA 01607

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01607 carries an estimated $2,050/mo in gross rent — about a 4.67% cap rate and $11,449/yr in estimated NOI at the $244,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

802

Style

Condominium

Built

1986

Welcome home to an updated and very affordable unit at Ballard Woods Condominiums! Water heater is a year old, windows are a month old, slider with built in blinds is a month old, kitchen was updated within the last few years, freshly painted, newer LVP flooring throughout as well as a newer balcony and exterior stairs installed by the HOA. Includes in unit laundry. Rooms are all a comfortable size and the primary bedroom has a walk-in closet!. Very quick and easy access to Rt 146, Rt20, 290, Mass Pike and more! Unit has one deeded parking spot (spot #2) and there is plenty of visitor parking. This unit is move in ready and can fit any personal style. Can also be rented without having to do any work to it. Seller will pay off remaining special assessment at closing making your condo fees only $395!

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 MLS and other third-party data may be inaccurate or out of date.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.