$375,000
$345,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
50 Regan St Gardner, MA 01440
9 Beds
3 Baths
2,340 SqFt
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type 3 Family - 3 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,340 sqft
Price per Sqft $160
MLS Listing ID 72964363
Sold Date 05/23/22
Bedrooms 9
Full Baths 3
Year Built 1900
Annual Tax Amount $3,247
Tax Year 2022
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type 3 Family - 3 Units Up/Down
Property Description
Great for the owner occupied or investor. This investment property is a turnkey 3 unit building near downtown Gardner. Its Comprised of three, three bedroom apartments, and has the potential of bringing in market monthly rents of $3600. This property has a stable tenant base with long term tenants. The building has seen a large number of capital improvements over the years and costs saving measures including, vinyl siding, upgraded windows to vinyl replacement, electrical upgrades, egress updates, and much more. While room for additional income exists, a gross income of $35,000.00 with low operating expenses, makes this a great investment for someone looking for a stable building that produces a solid return. Current ROI is 7.7% with a potential of 10% with rent increases. 3rd floor apartment will be left vacant for the potential of owner occupancy.
Location
State MA
County Worcester
Zoning G3
Direction GPS will bring you there!
Rooms
Basement Full, Dirt Floor, Concrete, Unfinished
Interior
Interior Features Storage, Unit 1(Pantry, Storage, Upgraded Cabinets, Bathroom With Tub & Shower), Unit 2(Pantry, Storage, Upgraded Cabinets, Bathroom With Tub & Shower), Unit 3(Pantry, Storage, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen)
Heating Unit 1(Hot Water Baseboard, Gas), Unit 2(Gas), Unit 3(Gas)
Flooring Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
Appliance Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Utility Connections for Electric Oven
Exterior
Exterior Feature Rain Gutters, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
Community Features Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School
Utilities Available for Electric Oven
Roof Type Shingle
Total Parking Spaces 5
Garage No
Building
Lot Description Sloped
Story 6
Foundation Block
Sewer Public Sewer
Water Public
Others
Acceptable Financing Contract
Listing Terms Contract
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Bought with Steve Bui • Berkshire Hathaway HomeServices Commonwealth Real Estate