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Closed

310-316 Park St, Gardner MA 01440

$399,900

Estimated $1,045.44/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $79,980

Total Rent: 45600/year

Estimated CAP Rate: 10.21%

9 Bedrooms

5 Full Baths

3,700 SqFt

Total Parking: 9

8,910 SqFt

Back on Market due to buyer default. The outside needs some TLC, partially painted clapboard, the interior is in better condition! Property consists of 5 rental units in 2 buildings on one lot. Front building has 3 apartments and the rear building has 2 units. There are 4 units with two bedrooms and the lower unit in front building has 1 bedroom. Heat is included in rents but electric is individually metered. Rents are currently BELOW market but they are Tenants At Will. Front building needs a Roof. Great opportunity for investor to put some work in and make this property value soar!

This home has been viewed 34 times

Last Checked: May 7th, 2024 at 2:51am (Source: MLS PIN #73058949)

Gross Income: $45,600

Gross Expenses: $4,764

Net Income Calc: $40,836

CAP Rate: 10.21%

Annual Expenses for 310-316 Park St, Gardner MA 01440

Total Gross Expenses (Calculated)$4,764/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,764

Annual Income & Unit Breakdown for 310-316 Park St, Gardner MA 01440

Total Gross Income (Calculated)$45,600

Unit 1

Rental Income$1,100

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(heat, Unit 2(heat, Water), Unit 4(heat, Unit 3(heat

Unit 2

Rental Income$1,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(heat, Unit 2(heat, Water), Unit 4(heat, Unit 3(heat

Unit 3

Rental Income$600

LeaseN

Bedrooms1

Bathrooms1 Full

Floor

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(heat, Unit 2(heat, Water), Unit 4(heat, Unit 3(heat

Unit 4

Rental Income$900

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(heat, Unit 2(heat, Water), Unit 4(heat, Unit 3(heat

General Information for 310-316 Park St, Gardner MA 01440

Listing ID73058949

Property TypeMulti Family / 5+ Family

Price$399,900 ($108.08/SqFt)

Style5-9 Family

CityGardner

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,700 SqFt

Approximate Lot Size (Acres)0.2 acres

Total Parking9

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone,Other

Accessible Features

Outdoor Space

ZoningResMultBld

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 310-316 Park St, Gardner MA 01440

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$51,600

Total Net Income By Broker$51,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 310-316 Park St, Gardner MA 01440

Real Estate Taxes$4,764

Tax Year2021

Assessed Value$237,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$51,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$51,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)10.21%

Location Information for 310-316 Park St, Gardner MA 01440

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Public School, Golf, Medical Facility, University

Contact Information for 310-316 Park St, Gardner MA 01440

Agent

Name: Maria Tolman

Office

Name: RE/MAX Advantage 1

Phone: 978-847-0800

Payment Calculator

, Interest

Property Taxes 397

Principal & Interest 2464.06

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Advantage 1

Maria Tolman

Agent Phone

Office Phone

(978) 847-0800

Text Agent Call Agent Call Office

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EXIT

Closed

310-316 Park St, Gardner MA 01440

$399,900

Annual Expenses for 310-316 Park St, Gardner MA 01440

Annual Income & Unit Breakdown for 310-316 Park St, Gardner MA 01440

General Information for 310-316 Park St, Gardner MA 01440

Disclosures for 310-316 Park St, Gardner MA 01440

Financial Information for 310-316 Park St, Gardner MA 01440

Location Information for 310-316 Park St, Gardner MA 01440

Contact Information for 310-316 Park St, Gardner MA 01440

Agent

Office

Payment Calculator

Exclusive Listing Agent

RE/MAX Advantage 1

Maria Tolman