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Closed

11 Main, Winchendon MA 01475

$159,000

Estimated $552.07/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $26,500

Total Rent: 9600/year

Estimated CAP Rate: 3.82%

14 Bedrooms

6 Full Baths

9,601 SqFt

Total Parking: 8

11,761 SqFt

This 6 unit building has great potential. 2 units are ready to rent. Another needs bath & kitchen and and a 5th has new kitchen and bath but needs flooring and interior paint. Unit six is gutted to the studs so needs everything but this is a 6-7 rooms 4 bed Town House style unit. This unit can rent for $1250.The building inspector is requiring a sprinkler system put in and I have a quote for $23,500. He also wants a landing for second means of egress across the entire back of the unit, This will require removing a few windows and adding doors. Needs electrical & pluming upgrades, needs house meter. So for about $160-200k in repairs this building will bring in $5,700 per month, over $68,000 per year. 5x$900&$1200=$5,700.Market value will be about $420,000-$450,000. All units have electric heat. 3units have stand up shower.12 new replacement windows as well as several baseboard heaters on site.. SOLD AS IS.. Great rehab project that I could not get funding to finish.10 off street parking

This home has been viewed 39 times

Last Checked: May 7th, 2024 at 2:20am (Source: MLS PIN #73085633)

Gross Income: $9,600

Gross Expenses: $3,531

Net Income Calc: $6,069

CAP Rate: 3.82%

Annual Expenses for 11 Main, Winchendon MA 01475

Total Gross Expenses (Calculated)$3,531/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,531

Annual Income & Unit Breakdown for 11 Main, Winchendon MA 01475

Total Gross Income (Calculated)$9,600

Unit 1

Rental Income$800

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 11 Main, Winchendon MA 01475

Listing ID73085633

Property TypeMulti Family

Price$159,000 ($16.56/SqFt)

Style5+ Family - 5+ Units Side By Side

CityWinchendon

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total9,601 SqFt

Approximate Lot Size (Acres)0.27 acres

Total Parking8

Garage Parking

Year Built1876

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

Zoningres

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 11 Main, Winchendon MA 01475

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$57,000

Total Net Income By Broker$9,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 11 Main, Winchendon MA 01475

Real Estate Taxes$3,531

Tax Year2022

Assessed Value$223,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$57,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$9,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.82%

Location Information for 11 Main, Winchendon MA 01475

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 11 Main, Winchendon MA 01475

Agent

Name: Randy Hart

Office

Name: Hart Of New England Realty

Phone: 508-662-0022

Payment Calculator

, Interest

Property Taxes 294.25

Principal & Interest 979.71

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Hart Of New England Realty

Randy Hart

Agent Phone

Office Phone

(508) 662-0022

Text Agent Call Agent Call Office

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EXIT

Closed

11 Main, Winchendon MA 01475

$159,000

Annual Expenses for 11 Main, Winchendon MA 01475

Annual Income & Unit Breakdown for 11 Main, Winchendon MA 01475

General Information for 11 Main, Winchendon MA 01475

Disclosures for 11 Main, Winchendon MA 01475

Financial Information for 11 Main, Winchendon MA 01475

Location Information for 11 Main, Winchendon MA 01475

Contact Information for 11 Main, Winchendon MA 01475

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Hart Of New England Realty

Randy Hart