Lots 7&8 Marshall St. & South St Paxton — Photo 1 of 20
$579,900
Investment Analysis — Lots 7&8 Marshall St. & South St
Paxton, MA 01612
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01612 carries an estimated $1,390/mo in gross rent — about a 2.17% cap rate and $12,577/yr in estimated NOI at the $579,900 list price. Adjust every assumption in the calculator below.
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THIS PROPERTY CONSISTS OF 2 SEPARATE LOTS TOTALING OVER 75 ACRES. THE PROPERTY HAS 610 FEET OF FRONTAGE ON SOUTH ST (BETWEEN HOUSE NUMBERS 29 & 61) AND 340 FEET OF FRONTAGE ON MARSHALL ST (BETWEEN HOUSE NUMBERS 324 & 346). IF YOU ARE USING GPS TO FIND THE FRONTAGE OF THE LOTS, THE ESTIMATED ADDRESS WOULD BE 45 MARSHALL ST AND 335 SOUTH ST. HAVE YOU BEEN THINKING OF YOUR OWN HUGE & PRIVATE ESTATE? HERE IS YOUR OPPORTUNITY FOR DEVELOPMENT WITH SO MANY ACRES. YOU CAN BUILD YOUR DREAM HOME & HAVE COMPLETE PRIVACY, WITH THE POTENTIAL TO SUBDIVIDE MORE LOTS IN THE FUTURE FOR YOUR FAMILY MEMBERS TO BUILD THEIR HOMES. HAVE YOU BEEN THINKING OF STARTING YOUR OWN FARM? THE STATE OF MASSACHUSETTS HAS MANY FINANCIAL BENEFITS FOR FARMERS. PUBLIC WATER IS AVAILABLE IN THE STREET. A COMMUTER'S DREAM LOCATED OFF MARSHALL ST, LESS THAN ONE MILE FROM KETTLE BROOK GOLF CLUB. IDEAL PROPERTY FOR INVESTORS, FARMERS, BUILDERS, OR DEVELOPERS LOOKING FOR A CONSTRUCTION PROJECT IN A DESIRABLE TOWN WITH HIGH-END HOMES & EXCELLENT SCHOOL SYSTEMS. BOTH LOTS ARE CURRENTLY IN CHAPTER 61 STATUS, WHICH GIVES THE TOWN OF PAXTON FIRST RIGHT OF REFUSAL ON ANY BONA FIDE OFFER THAT IS ACCEPTED. SELLERS WILL REMOVE PROPERTY FROM CHAPTER 61 STATUS AT BUYER'S REQUEST BEFORE CLOSING. THE TOWN OF PAXTON HAS ITS OWN MUNICIPAL ELECTRIC COMPANY AND DOES NOT ALLOW SOLAR FARMS TO BE DEVELOPED IN PAXTON. CALL FOR ALL THE DOCUMENTS ATTACHED TO THIS LISTING, INCLUDING AN ASSESSOR'S MAP, ASSESSOR'S FIELD CARD, AND LAND SURVEY. CALL OR EMAIL THE LISTING BROKER WITH ANY QUESTIONS & CONFIRMATION BEFORE WALKING THE PROPERTY. EXCELLENT OPPORTUNITY FOR ANYONE LOOKING FOR A LARGE PARCEL OF LAND JUST MINUTES TO THE WORCESTER CITY LINE.
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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Neighborhood
Shopping • Golf • Highway Access • House of Worship • Public School
Geography
Listing Agent: George Goulas
Listing Office: Peoples Broker Realty
MLS® Number: 73568403
