32-50 Flanagan Hill Road Sterling — Photo 1 of 5
$3,750,000
Investment Analysis — 32-50 Flanagan Hill Road
Sterling, MA 01564
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01564 carries an estimated $1,610/mo in gross rent — about a 0.30% cap rate and $11,200/yr in estimated NOI at the $3,750,000 list price. Adjust every assumption in the calculator below.
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135.96 total acres - 11 parcels with frontage off of 32-50 Flanagan Hill Rd., Sterling. Six (6) parcels are located in Sterling's Rural Residence (RR) zoning district, one (1) parcel in Sterling's Light Industrial (LI) zoning district, and four (4) parcels are located in Lancaster's Residential (R) district. Allowed uses in Sterling's RR zoning district are single family dwelling, two-family dwelling, religion & education, child-care, agricultural & farming. A special permit allows for multi-family, group residence, assisted elderly housing, and other uses. Lancaster's Residential district allows for single family and two-family by-right with multi-family and senior living allowed by special permit. Utility information to be verified and determined.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
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Listing Agent: Brian Johnson
Listing Office: Kelleher and Sadowsky Associates, Inc.
MLS® Number: 73508310
