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Expired

63-67 Chestnut Street, Spencer MA 01562

$999,000

Estimated $2,417/month Calculator

Multi Family

Total Units: 7

Price Per Unit: $142,714.29

Total Rent: 48624/year

Estimated CAP Rate:

22 Bedrooms

Baths

7991

Total Parking: 16 (2 Garage)

16,552 (0.38)

Looking to add to your portfolio? This 7 unit investment property located close to downtown offers 3 buildings next to each other with updated shared drive and parking. #63 is a large 3 family with 3 bedrooms and 1 bath each. #67 has two buildings - one with 2 - 2 bedroom units and the other with 1 - 2 bedroom and 1 - 4 bedroom units. Numerous updates which can be found on respective individual listings. Either laminate or hardwood flooring throughout. Fully occupied with the exception of 3rd floor unit at 63. All units come fully appliances with refrigerators, ranges, built in microwaves, dishwashers and washers & dryers. Town water and sewer, gas heating.

This home has been viewed 40 times

Last Checked: May 6th, 2024 at 11:25pm (Source: MLS PIN #73047012)

Gross Income: $48,624

Gross Expenses: $9,565

Net Income Calc: $39,059

Water Views

Annual Expenses for 63-67 Chestnut Street, Spencer MA 01562

Total Gross Expenses (Calculated)$9,565/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9565

Annual Income & Unit Breakdown for 63-67 Chestnut Street, Spencer MA 01562

Total Gross Income (Calculated)$48,624

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit3

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

General Information for 63-67 Chestnut Street, Spencer MA 01562

Listing ID73047012

Property TypeMulti Family / 5+ Family

Price999000 ($125.02/SqFt)

Style5-9 Family

CitySpencer

CountyWorcester

Neighborhood(s)

Approximate Living Area Total7991

Approximate Lot Size (Acres)0.38

Total Parking16 (2 Garage)

Garage Parking2

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

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 63-67 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 63-67 Chestnut Street, Spencer MA 01562

Real Estate Taxes9565

Tax Year2022

Assessed Value$726,800

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 63-67 Chestnut Street, Spencer MA 01562

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 63-67 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 797.08

Principal & Interest 6155.52

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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    [unparsed] => 63-67 Chestnut Street, Spencer MA 01562
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EXIT

35 More Photos

Expired

63-67 Chestnut Street, Spencer MA 01562

$999,000

Annual Expenses for 63-67 Chestnut Street, Spencer MA 01562

Annual Income & Unit Breakdown for 63-67 Chestnut Street, Spencer MA 01562

General Information for 63-67 Chestnut Street, Spencer MA 01562

Disclosures for 63-67 Chestnut Street, Spencer MA 01562

Financial Information for 63-67 Chestnut Street, Spencer MA 01562

Location Information for 63-67 Chestnut Street, Spencer MA 01562

Contact Information for 63-67 Chestnut Street, Spencer MA 01562

Agent

Office

Payment Calculator

Exclusive Listing Agent

ERA Key Realty Services - Westborough

Donna Towne