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Expired

63 Chestnut Street, Spencer MA 01562

$475,000

Estimated $1,121/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $158,333.33

Total Rent: 31824/year

Estimated CAP Rate:

9 Bedrooms

Baths

3519

Total Parking: 8 (2 Garage)

6,360 (0.15)

Buyer's financing fell through with rate increase. Looking for a large 3 family with 3 bedrooms in each unit and little exterior maintenance? Need a garage? This one will fit 4 cars tandem. Two units are rented leaving the 3rd floor with private deck open for an owner occupant. Very close to downtown and with plenty of parking on improved driveway this is a great investment opportunity. Updated gas heating systems, all appliances in each unit include refrigerators, dishwashers, built in microwaves, ranges AND washers & dryers. All flooring is either laminate or hardwood, newer roofs on both building and garage. Separate utilities, town water and sewer.

This home has been viewed 52 times

Last Checked: May 6th, 2024 at 11:25pm (Source: MLS PIN #73047011)

Gross Income: $31,824

Gross Expenses: $4,207

Net Income Calc: $27,617

Water Views

Annual Expenses for 63 Chestnut Street, Spencer MA 01562

Total Gross Expenses (Calculated)$4,207/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4207

Annual Income & Unit Breakdown for 63 Chestnut Street, Spencer MA 01562

Total Gross Income (Calculated)$31,824

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 63 Chestnut Street, Spencer MA 01562

Listing ID73047011

Property TypeMulti Family / 3 Family

Price475000 ($134.98/SqFt)

Style3 Family - 3 Units Up/down

CitySpencer

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3519

Approximate Lot Size (Acres)0.15

Total Parking8 (2 Garage)

Garage Parking2

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate,Renovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR

Water ViewsNo

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 63 Chestnut Street, Spencer MA 01562

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher And Dryer Are Not Included

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation0

Compensation Based OnNet Sale Price

Financial Information for 63 Chestnut Street, Spencer MA 01562

Real Estate Taxes4207

Tax Year2022

Assessed Value$319,700

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 63 Chestnut Street, Spencer MA 01562

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 63 Chestnut Street, Spencer MA 01562

Agent

Name: Donna Towne

Office

Name: ERA Key Realty Services - Westborough

Phone: 508-366-1818

Payment Calculator

, Interest

Property Taxes 350.58

Principal & Interest 2926.8

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

ERA Key Realty Services - Westborough

Donna Towne

Agent Phone

Office Phone

(508) 366-1818

Text Agent Call Agent Call Office

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            [phone] => 508-366-1818
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    [unparsed] => 63 Chestnut Street, Spencer MA 01562
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EXIT

32 More Photos

Expired

63 Chestnut Street, Spencer MA 01562

$475,000

Annual Expenses for 63 Chestnut Street, Spencer MA 01562

Annual Income & Unit Breakdown for 63 Chestnut Street, Spencer MA 01562

General Information for 63 Chestnut Street, Spencer MA 01562

Disclosures for 63 Chestnut Street, Spencer MA 01562

Financial Information for 63 Chestnut Street, Spencer MA 01562

Location Information for 63 Chestnut Street, Spencer MA 01562

Contact Information for 63 Chestnut Street, Spencer MA 01562

Agent

Office

Payment Calculator

Exclusive Listing Agent

ERA Key Realty Services - Westborough

Donna Towne