ERA Key Realty Services

32343638 Main Street, Spencer, MA 01562

Multi-Family

$570,000
Price

8
Units
8,000
Approx. GLA
Perfect Investor property! A rare opportunity to own 4 homes and a piece of land in the same block. #32.#34.#36.#38 Main Street plus land @ 26 Mill Street to increase parking area or yard space for all units.( Potential for grandfathered buildable lot & has water/sewer connections on Mill st). Being sold together as a package. #34 Main has been gutted to the studs(was a 2 family, owner says potential for a 3rd unit), #36 is a single family home with 3 bdrms & longtime tenants, #32 has 3 rented units(5 bdrms), #38 has both units rented (4 bdrms.) All town water & sewer(expenses are attached). Some have updated heating systems, roofs,windows,electrical. Off street parking and some have great outdoor space! Walk to town, bus line, shopping. Plan now for your retirement by investing in this fantastic opportunity. All houses are on individual lots but this longtime owner wants to bundle and sell them together. Buyer could finance separately. First time on the market!
Open House
No scheduled Open Houses
Highlights
Basement Features: Interior Access
List Price: $570,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Active
Beds: 14
Baths: 6
Units: 8
Year Built: 1880
Year Round: Yes
Approx. GLA: 8,000
MLS#: 72203144
Interior
Basement: Yes
Electric Features: Circuit Breakers, Varies per Unit
Heating Units: 6
Flooring: Varies Per Unit
Energy: Varies per Unit
Hot Water: Oil, Natural Gas, Varies Per Unit
Rooms: 25
Lead Paint: Unknown
Total Floors: 2
UFFI: Unknown
Exterior
Water: No
Acres: 1.71
Lot Size: 74,405.00
Lot Description: Cleared
Foundation: Fieldstone, Brick
Parking Spaces: 12
Parking Features: Off-Street
Road Type: Public, Paved, Publicly Maint., Sidewalk
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: Varies per Unit
Exterior Features: Varies per Unit
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $559,800
Taxes: $6,471
Tax Year: 2017
Book/Page: 0/0
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $36,300
Gross Expenses: $10,553
Total Rent: $3,575
Net Income: $36,300
Insurance Cost: $7,038
Water Cost: $3,515
 
 
Additional
Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access
Disclosure Declaration: No
Disclosure: 1 shared driveway next to #38(on the right side).see attached sheet for complete breakdowns of each property and plot plan with each house marked
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 2 0 1 1 0 No 1 $650
Unit 2 4 2 0 2 1 0 No 1 $650
Unit 3 3 1 0 3 1 0 No 1 $450
Unit 4 5 2 0 1 1 0 No 1 $700
Units Extras
Unit 1
Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Oil  Rooms:  Living Room, Kitchen 
Unit 2
Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Oil  Rooms:  Living Room, Kitchen 
Unit 3
Applicances:  Range, Refrigerator  Heating:  Floor Furnace, Gas  Rooms:  Living Room, Kitchen 
Unit 4
Applicances:  Range, Refrigerator  Heating:  Forced Air, Oil 
Map
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The listing office is Era Key Realty Services- Spenc and the listing agent is Donna Flannery. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/15/2017 2:05:00 PM.
 
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ERA Key Realty Services