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Updated over 1 year ago,
New Landlord - Am I Priced Right for My Market? 01606
I am a new multi family homeowner in Worcester - the Greendale Area. Young woman, bought this house on my own. I live on the first floor and hoping to rent out the 2nd floor. The renovations ended up being a lot more extensive than anticipated (electrical, plumbing, windows, carpets...etc.) I have an apartment coming online for Sept 1st, 2023 - The unit is a 2 bedroom (new carpet & new windows), 1 bathroom, hallway & living room are original hardwood floors to the home, eat in kitchen space with new refrigerator & over, In-Unit washer & dryer, 1 off street parking space (can provide 2 if needed), heat, water, and sewer are included in the rent. I am hoping to get $2500 per month for this unit. Looking to make sure I am priced correctly for the area. I haven't been able to find any other comps with heat & off street parking both included. I also can't find comps for these offerings for mid-term rentals or even short term rentals. My cash is running really low & I don't want to make the wrong decision. Looking for advise. Thank you in advance!