MONEY MAKER!! Turn key building with property management company in place. This is an easy one to own - the necessary repairs have been done over the past year. Three large 3-bedroom apartments fully rented with LONG term tenants (6 to 23 years!) who take pride in their home!TAW. $4306 total rental income monthly is under market value.Apt 2 and 3 have been approved for increase in rent to $1761 as of Oct 2022. Right near Worcester Academy in an area of other well-maintained investment properties. Just minutes from the Canal district and WOO SOX stadium. GROUP SHOWING SAT SEPT 17TH 4-5 PM . $3,000 BUYER AGENCY BONUS if closed before 10/15/22.
Multi-familyProperty Type
1910Year Built
5,755 sq ftLot Size
$178Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Dawn Szczygiel• Lamacchia Realty, Inc.
Bought with Dawn Szczygiel• Lamacchia Realty, Inc.
Investors grab a piece of Worcester with this huge 3 family less than a mile from Kelly Square, home of the WooSox! Turnkey investment with long term tenants who currently receive over half of their rents from subsidies by Section 8 that you can request to increase each year. Each unit at the property has classic woodwork in large living/dining rooms, 3 BRs, eat in kitchens plus large storage spaces and a porch. Washer and dryer hookups are in each unit. $2700 driveway paving done in 2020. Two large bays are in the detached garage for extra income or property management storage. Invest in Worcester, New England's fastest growing city in the last 10 years and ranked in the top 100 cities in the US by US News.
MLS PIN #72170602
Jul 31, 2017
Sold
$310,000
$69/sq ft
May 31, 2017
Pending
—
May 25, 2017
Listed
$314,900
$70/sq ft
+7
Open House Sat 5/27 12:30-2:00pm. Showings during open house only! Amazing investment opportunity! Large 3 family with long term section 8 tenants! Property de-leaded. Owned and well cared for for the last 29 years. Rent grow of $3,505 as of July 1st with section 8 approved increases. Tenant total portion of rent is $1,389. Over $15,000 of repairs done in the last month including stairs, decks, foundation, and part of roof over porches. This is a great investment opportunity and won't last! Get your highest and best offers in by Monday 5pm and all offers will be reviewed
Public Records
Oct 16, 1987
Sold
$179,900
$40/sq ft
Public Records
Oct 16, 1987
Sold
$40,000
$9/sq ft
Public Records
Dec 4, 1986
Sold
$125,000
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$8,093 (+14.6%)
$76,100 + $488,300
$564,400
2022
$7,065 (+7.1%)
$60,900 + $403,600
$464,500
2021
$6,598 (+21.8%)
$48,700 + $356,600
$405,300
2020
$5,416
$48,400 + $270,200
$318,600
2019
$5,413 (+2.3%)
$42,200 + $258,500
$300,700
2018
$5,289 (+6.6%)
$42,200 + $237,500
$279,700
2017
$4,961 (+3.7%)
$42,200 + $215,900
$258,100
2016
$4,784 (+5.5%)
$31,000 + $201,100
$232,100
2014
$4,535 (+4.7%)
$31,000 + $201,100
$232,100
2013
$4,333 (+3.8%)
$35,000 + $198,200
$233,200
2012
$4,174 (+15.7%)
$35,000 + $210,800
$245,800
2011
$3,607 (+5.1%)
$59,400 + $165,200
$224,600
2010
$3,433 (−13.4%)
$59,400 + $167,200
$226,600
2009
$3,965
$74,700 + $219,000
$293,700
Tax history for 59 Vale
Year
Property tax
Land + Additions
Assessment*
2023
$8,093 (+14.6%)
$76,100 + $488,300
$564,400
2022
$7,065 (+7.1%)
$60,900 + $403,600
$464,500
2021
$6,598 (+21.8%)
$48,700 + $356,600
$405,300
2020
$5,416
$48,400 + $270,200
$318,600
2019
$5,413 (+2.3%)
$42,200 + $258,500
$300,700
2018
$5,289 (+6.6%)
$42,200 + $237,500
$279,700
2017
$4,961 (+3.7%)
$42,200 + $215,900
$258,100
2016
$4,784 (+5.5%)
$31,000 + $201,100
$232,100
2014
$4,535 (+4.7%)
$31,000 + $201,100
$232,100
2013
$4,333 (+3.8%)
$35,000 + $198,200
$233,200
2012
$4,174 (+15.7%)
$35,000 + $210,800
$245,800
2011
$3,607 (+5.1%)
$59,400 + $165,200
$224,600
2010
$3,433 (−13.4%)
$59,400 + $167,200
$226,600
2009
$3,965
$74,700 + $219,000
$293,700
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
9
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
5,663 Sq. Ft.
Year renovated
—
Sq. Ft.
4,512
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Worcester County
APN
1793801
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2023.
Property details
Parking
Parking Information
Has Garage
Has Open Parking
# of Garage Spaces: 2
# of Covered Spaces: 2
Parking Spaces: 4
Parking Features: Paved Drive, Off Street, Paved
Interior
Bathroom Information
# of Bathrooms (Full): 3
Basement Information
Basement: Full
Interior Features
# of Rooms (Total): 18
Window Features: Insulated Windows, Screens
Flooring: Wood, Tile, Carpet
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 3
Lease: N
Exterior
Building Information
Building Area (Total): 4,512
Foundation Details: Stone
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Approximate
Exterior Features
Patio And Porch Features: Porch
Property Information
PropertySubType: 3 Family - 3 Units Up/Down
Lot Information
Lot Size (Acres): 0.13
Lot Features: Level
ViewYN: Has View
View: City View(s)
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $7,065.05
Tax Year: 2022
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers
Heating & Cooling
Has Heating
Heating: Central, Natural Gas, Electric
Location
Location Information
Directions: Vernon to Dorchester to Vale
UnparsedAddress: 59 Vale, Worcester MA 01604
Community Information
Senior CommunityYN: No
Public facts
Beds: 9
Baths: 3.0
Sq. Ft.: 4,512
Stories: 3.0
Lot Size: 5,663 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1910
Year Renovated: —
County: Worcester County
APN: 1793801
Home facts updated by county records on Jul 21, 2023
Other
Listing Information
Exclusions: Refrigerator And Freezer In Apt 3.
StandardStatus: Closed
Around this home
Schools
Union Hill School
Public K-6 • Assigned • 0.2mi
3/10
Worcester East Middle School
Public 7-8 • Assigned • 0.2mi
4/10
North High School
Public 9-12 • Assigned • 1.3mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 93° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Worcester, MA • 01604
Average low and high temperatures (°F)
32
19
35
20
50
31
60
41
68
51
81
61
84
65
80
60
75
56
64
45
51
36
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$764,000 – $924,000
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