Mary Foley Real Estate Inc.
Mary Foley Real Estate Inc.

199 Main Street, Gardner, MA 01440

Multi-Family

$349,000
Price

5
Units
4,110
Approx. GLA
Looking for a good CAP RATE investment with long term tenants, this building is perfect for you. Some of the tenants have been there for over 15 years. Great location, all units are full. Easy access to food shopping, public transportation and very safe as the police department is across the street. The CAP RATE on this building today is projected at 11%. The building needs 2 small electrical boxes replaced as they have fuses. The building is in good shape, flat floors, and happy tenants. Don't miss out on this great investment with built-in revenue. Please review the building photos, the floor plan, and ask your realtor to call for more details.
Open House
No scheduled Open Houses
Highlights
Basement Features: Full, Dirt Floor, Concrete Floor, Unfinished Basement
List Price: $349,000
Type: Multi-Family
Multi-Family Type: 5+ Family - 5+ Units Up/Down
Status: Active
Beds: 7
Baths: 5
Units: 5
Year Built: 1900
Approx. GLA: 4,110
MLS#: 72701808
 
Interior
Basement: Yes
Electric Features: 110 Volts, 220 Volts
Energy: Storm Windows
Rooms: 15
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.15
Lot Size: 6,725.00
Lot Description: Shared Drive, Level
Foundation: Fieldstone
Parking Spaces: 4
Parking Features: Off-Street, On Street Without Permit
Road Type: Public
Construction: Frame
Roof Material: Rubber
Exterior: Clapboard
Exterior Features: Porch - Enclosed
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $183,100
Taxes: $3,614
Tax Year: 2020
Book/Page: 21884/53
Beach
Beach: No
Expenses
Gross Income: $35,400
Total Rent: $2,950
Net Income: $35,400
Additional
Amenities: Public Transportation, Shopping
Disclosure Declaration: No
Disclosure: All tenants pay $$ per month for heat as the building has 2 furnaces. They share water heaters.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 No 1 $650
Unit 2 2 0 0 1 1 0 No 1 $500
Unit 3 3 1 0 2 1 0 No 1 $650
Unit 4 2 0 0 2 1 0 1 $500
Units Extras
Unit 2
Rooms:  Living Room, Kitchen 
Unit 3
Rooms:  Living Room, Kitchen 
Unit 4
Rooms:  Living Room, Kitchen 
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The listing office is RE/MAX Patriot Realty and the listing agent is David King. 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 12/18/2018 2:44:00 PM.
 
Office