595 Pleasant Leicester — Photo 1 of 4
$119,000
Investment Analysis — 595 Pleasant
Leicester, MA 01542
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01542 carries an estimated $1,680/mo in gross rent — about a 11.68% cap rate and $13,894/yr in estimated NOI at the $119,000 list price. Adjust every assumption in the calculator below.
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Located on Pleasant St in Leicester. Wooded level lot. 100' of frontage, with 5 acres available. Lot is being subdivided from a larger parcel. Located between 611 Pleasant Street and 595 Pleasant Street. Land abuts the development off of Clark Street, at Glen Ellen Lane and Wasilla Drive. Town water and sewer available at the street. Close to RT 56, close to Worcester, RT 20 and easy highway access to 290 or the Mass Pike, especially if a RT 56 ramp is added to the Mass Pike. As far as zoning goes, it is in a residential neighborhood, and is classified as NB, Neighborhood Business. Seller willing to sell a smaller parcel for smaller price. Seller willing to reduce price for a buyer that is willing to do the engineering work to subdivide the land from the larger parcel. Seller may be willing to finance a builder with payment being due when house is sold or something similar. This is an entry only listing. All questions and showings to go through the land owner.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Sandra Annunziata
Listing Office: S & R Properties
MLS® Number: 73499042
