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394 Elm St, Gardner MA 01440

$699,900

Estimated $1,601.80/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $233,300

Total Rent: 66000/year

Estimated CAP Rate: 8.63%

5 Bedrooms

3 Full, 5 Half Baths

7,700 SqFt

Total Parking: 12

An absolute historical gem on highly trafficked Elm St/ Pearson Blvd right off Route 2. So much potential for this mixed use property, a staple in Gardner for over 100 years. Currently being used as a dental office on the first floor, the second and third offer residential apartments for additional income. The two rear buildings are generating income as storage and private social club. The dentist office has been leasing the first floor for approx 15 years. Collect rent while renovating space to your vision! Much more earning potential for the next owner.

This home has been viewed 35 times

Last Checked: May 7th, 2024 at 2:46am (Source: MLS PIN #73069383)

Gross Income: $66,000

Gross Expenses: $5,603

Net Income Calc: $60,397

CAP Rate: 8.63%

Annual Expenses for 394 Elm St, Gardner MA 01440

Total Gross Expenses (Calculated)$5,603/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,603

Annual Income & Unit Breakdown for 394 Elm St, Gardner MA 01440

Total Gross Income (Calculated)$66,000

Unit 1

Rental Income$3,000

LeaseY

Bedrooms3

Bathrooms3 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$800

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$800

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 394 Elm St, Gardner MA 01440

Listing ID73069383

Property TypeMulti Family / 3 Family

Price$699,900 ($90.9/SqFt)

Style3 Family

CityGardner

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total7,700 SqFt

Approximate Lot Size (Acres)0

Total Parking12

Garage Parking

Year Built1856

Year Built SourcePublic Records

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter,Stone

Accessible Features

Outdoor Space

Zoningmixed-use

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 394 Elm St, Gardner MA 01440

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureFirst floor used as dental office, two apartments

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$0

Total Gross Income By Broker$65,678

Total Net Income By Broker$37,700

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 394 Elm St, Gardner MA 01440

Real Estate Taxes$5,603

Tax Year2022

Assessed Value$301,400

Financial Data SourceOwner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$65,678

BostonRealEstate.com Gross Income

Total Net Income By Broker$37,700

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.63%

Location Information for 394 Elm St, Gardner MA 01440

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Shopping, Public Transportation

Contact Information for 394 Elm St, Gardner MA 01440

Agent

Name: Carey Carmisciano

Office

Name: Coldwell Banker Realty - Leominster

Phone: 978-840-4014

Payment Calculator

, Interest

Property Taxes 466.92

Principal & Interest 4312.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Leominster

Carey Carmisciano

Agent Phone

Office Phone

(978) 840-4014

Text Agent Call Agent Call Office

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    [description] => An absolute historical gem on highly trafficked Elm St/ Pearson Blvd right off Route 2.  So much potential for this mixed use property, a staple in Gardner for over 100 years. Currently being used as a dental office on the first floor, the second and third offer residential apartments for additional income. The two rear buildings are generating income as storage and private social club.  The dentist office has been leasing the first floor for approx 15 years.  Collect rent while renovating space to your vision!  Much more earning potential for the next owner.
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[perc_test] => Array
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[perc_test_date] => Unknown
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)

EXIT

Delete

394 Elm St, Gardner MA 01440

$699,900

Annual Expenses for 394 Elm St, Gardner MA 01440

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Coldwell Banker Realty - Leominster

Carey Carmisciano