205-213 Main St, Gardner, Massachusetts 01440

$179,000
3,725
SqFt
List Price
$179,000
MLS#
72701057
Sq. Ft
3,725
Lot Size
6,655
County
Worcester
Year Built
1900
Status
ACTIVE

Property Description

IN A WORD - CAP RATE 6! How can you get a better investment then a proposed CAP Rate of 6! This is a building that needs work, inside and out. The front is 3 great retail spaces. The 2nd floor is 4 apartments. The back building has 1 large 2 door garage commercial space. The second floor has a 2 bedroom apartment and a 1 bedroom. Between the two buildings are 2 garages you can assign or rent out. THIS BUILDING NEEDS WORK, in the CAP Rate sheet attached is a $300,000 budget to redo the building. With this $300k the CAP RATE is 6! Don't miss this, RIGHT ON MAIN STREET across from the police station. Fantastic Visibility.

Additional Information

Days on Market
9
Taxes
$4,313
Tax Year
2020
Construction
Frame
Parking Spaces
32
Acres
0.15
Price Per Sqft
$48
Disclosures
The property has a deed that calls out access to parking for 32 spots. It is not clear to me the details, buyer must review the documents for confirmation.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of RE/MAX Patriot Realty.

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, landlords 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, leasing or renting 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, leasing or renting. MLS Property Information Network, Inc. and its 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.