WorcesterMulti

Escrow shortages are affecting 65% of homeowners. The average shortage tops $2,100.

Specifically for Worcester multi-family owners, conservative underwriting is more important than ever due to rising taxes, insurance and operating costs.

Learn more at https://www.worcestermulti.com/post/understanding-the-escrow-squeeze-65-of-homeowners-face-shortages

Understanding the Escrow Squeeze: 65% of Homeowners Face Shortages Recent data from USA Today reveals a significant trend in the housing market: 65% of all homeowners currently face escrow shortages, with an average deficit of $2,157. This phenomenon is largely driven by the inherent structure of modern mortgage payments. While your loan's principal and interest ar...

Who remembers lining up for a drink from this puppy? Betting it still works.

OPEN HOUSE TOMORROW!

Saturday, August 1st, 11:00 AM - 12:00 PM

Don't miss this chance to tour two 3-family properties on the same street in Worcester. Buy one or buy both. That's 6 total units and a great opportunity for investors or owner-occupants.

27 North St, Worcester
• $595K
• Renovated in 2022
• Available parking
• $1,750/month per unit
• All tenants are at will

31 North St, Worcester
• $585K
• Renovated in 2022
• $1,850/month per unit
• Vacant 3rd floor

Call/text Brian for more information. (508) 868-0927‬

JUST SOLD OFF-MARKET!

53 Mendon St, Worcester | $550K

Thank you to Real Estate TC Services, Jaclyn Packard of Packard Law Office, and everyone who helped make this sale a success.

JUST LISTED! $595K

27 North St, Worcester MA

• 3-family
• Renovated in 2022
• Available parking
• $1,750/month per unit
• All tenants are at will

There will be an opportunity to view this property soon. Call or text Brian at (508) 868-0927 for more information.

JUST SOLD! 9 Nixon Ave, Worcester | $480K

• 3-family with two 3BR units and one 1BR unit
• Vacant second-floor unit
• Flat lot on a dead-end street with plenty of off-street parking

Thank you to everyone who helped make this sale a success.

For investors in search of student housing, many of you know that the Worcester market is unique due to its abundance of colleges. Clark, WPI, Holy Cross, and the list goes on.

As a result of Brian's relationships with local property owners, we are aware of off-market opportunities and how to pinpoint value in properties listed on the MLS.

Case in point, we purchased four Clark-area properties in Q2. We know what student housing is out there, and much of it never shows up on the MLS.

It even tells you which color tie to wear with each suit!

What makes a healthy Worcester 3-decker market?

It's more than just supply and demand.

FHA loans, investor math, and the newer 5% down financing option have changed what buyers can afford and why Worcester 3-decker prices climbed so quickly.

https://www.worcestermulti.com/post/what-does-a-healthy-worcester-3-decker-market-look-like

What Does a Healthy Worcester 3-Decker Market Look Like? Most people understand that a healthy real estate market is based on supply and demand. But what is that supply and demand based on? Is it just the price, or the number of buyers and sellers? I would argue that because the multi-family market is a unique mix of owner-occupants and investors, mortgag...