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Expired

50 Pleasant St, Spencer MA 01562

$589,000

Estimated $1,279.06/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $196,333.33

Total Rent: 61200/year

Estimated CAP Rate: 8.93%

6 Bedrooms

3 Full Baths

2,944 SqFt

Total Parking: 12

19,210 SqFt

Welcome to 50 Pleasant St This property offers an excellent opportunity for investors and homeowners alike.The property sits on maintained lot with ample off-street parking. Each unit features well-designed and optimized layouts with updated kitchens and large windows. The 3rd unit features 4 bedrooms fully renovated, new kitchen with granite counter tops and new appliances. The 2nd unit showcases also fully renovated one bedroom, vinyl floors, and an abundance of charm. Finally the 1st unit is located on the 1st floor and provides one bedroom an open living area. This multifamily property's location is convenient to the town center, local shops, and the highway, making it a great option for commuters. With a strong rental history this property offers an excellent opportunity for investors or aspiring homeowners looking to live in one unit and rent out the others. Don't miss an opportunity to own a well-maintained updated multifamily property on a lovely street in the Spencer community

This home has been viewed 20 times

Last Checked: May 7th, 2024 at 6:41am (Source: MLS PIN #73107447)

Gross Income: $61,200

Gross Expenses: $8,610

Net Income Calc: $52,590

CAP Rate: 8.93%

Annual Expenses for 50 Pleasant St, Spencer MA 01562

Total Gross Expenses (Calculated)$8,610/year

APOD AvailableYes

Heating

Electricity$210

Water$1,250

Gas$1,250

Insurance$3,262

Sewer$1,250

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,888

Annual Income & Unit Breakdown for 50 Pleasant St, Spencer MA 01562

Total Gross Income (Calculated)$61,200

Unit 1

Rental Income$1,400

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$1,500

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$2,200

LeaseN

Bedrooms4

Bathrooms4 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 50 Pleasant St, Spencer MA 01562

Listing ID73107447

Property TypeMulti Family / 3 Family

Price$589,000 ($200.07/SqFt)

Style3 Family

CitySpencer

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,944 SqFt

Approximate Lot Size (Acres)0.44 acres

Total Parking12

Garage Parking

Year Built1860

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping, Level

Foundation Area

Foundation DescriptionConcrete Perimeter,Stone

Accessible Features

Outdoor Space

ZoningVR

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesThermostat

Terms

Disclosures for 50 Pleasant St, Spencer MA 01562

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosurebuyers and buyers agent to due their due diligence

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceProjected

Total Gross Expenses By Broker$8,610

Total Gross Income By Broker$61,200

Total Net Income By Broker$52,590

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 50 Pleasant St, Spencer MA 01562

Real Estate Taxes$3,888

Tax Year2023

Assessed Value$322,400

Financial Data SourceProjected

Total Gross Expenses By Broker$8,610

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$61,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$52,590

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.93%

Location Information for 50 Pleasant St, Spencer MA 01562

Elementary SchoolWire Village

Middle SchoolKnox Trail

High SchoolDavid Prouty

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Public School, Shopping, Laundromat, Public Transportation

Contact Information for 50 Pleasant St, Spencer MA 01562

Agent

Name: Joshua Hoffsommer

Office

Name: ERA Key Realty Services- Auburn

Phone: 508-832-5831

Team Members

Name: Jonathan Boisjolie

Phone: 508-210-6782

Payment Calculator

, Interest

Property Taxes 324

Principal & Interest 3629.23

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

ERA Key Realty Services- Auburn

Joshua Hoffsommer

Agent Phone

Office Phone

(508) 832-5831

Text Agent Call Agent Call Office

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EXIT

Expired

50 Pleasant St, Spencer MA 01562

$589,000

Annual Expenses for 50 Pleasant St, Spencer MA 01562

Annual Income & Unit Breakdown for 50 Pleasant St, Spencer MA 01562

General Information for 50 Pleasant St, Spencer MA 01562

Disclosures for 50 Pleasant St, Spencer MA 01562

Financial Information for 50 Pleasant St, Spencer MA 01562

Location Information for 50 Pleasant St, Spencer MA 01562

Contact Information for 50 Pleasant St, Spencer MA 01562

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ERA Key Realty Services- Auburn

Joshua Hoffsommer