Welcome to this delightful and rare two-family home in the heart of Shrewsbury, a highly sought-after community that perfectly blends suburban charm with urban convenience. Unit 1 presents a cozy 1-bedroom, 1-bathroom layout, this intimate design is perfect for rental income or as a guest suite. Unit 2 features three spacious bedrooms and a renovated bathroom. The finished basement adds versatile living space for a family room, home office, or play area, and offers access to a generous backyard perfect for entertaining or relaxing outdoors. The property includes a garage and additional storage space, ensuring you have ample room for your belongings.The large, private backyard is a standout feature, offering space for gardening and outdoor gatherings. Located in a vibrant community known for excellent schools and parks, this property is just a short drive from the city. Don’t miss this chance to own a piece of Shrewsbury’s charm! Open houses are Saturday and Sunday from 11 AM to 1PM.
This home has been viewed 49 times
Last Checked: October 25th, 2024 at 4:19am (Source: MLS PIN #73292714)
Gross Income: $14,400
Gross Expenses: $5,414
Net Income Calc: $8,986
CAP Rate: 1.38%
Annual Expenses for 40 Spruce St, Shrewsbury MA 01545
Total Gross Expenses (Calculated)$5,414/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,414
Annual Income & Unit Breakdown for 40 Spruce St, Shrewsbury MA 01545
Total Gross Income (Calculated)$14,400
Unit 1
Rental Income$1,200
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesNo
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingYes
Rent IncludesNo
General Information for 40 Spruce St, Shrewsbury MA 01545
Listing ID73292714
Property TypeMulti Family
Price$649,999 ($491.31/SqFt)
StyleMulti Family
CityShrewsbury
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total1,323 SqFt
Approximate Lot Size (Acres)0.5 acres
Total Parking6 (1 Garage)
Garage Parking1 / Detached
Year Built1958
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsNo
Lot FeaturesNo
Foundation Area
Foundation DescriptionConcrete Perimeter,Stone
Accessible Features
Outdoor Space
ZoningRB1
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront FeaturesNo
Energy Features
Terms
Disclosures for 40 Spruce St, Shrewsbury MA 01545
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure~600 sqft in basement of back unit is finished. Bu
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceNo
Total Gross Expenses By Broker$0
Total Gross Income By Broker$14,400
Total Net Income By Broker$14,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 40 Spruce St, Shrewsbury MA 01545
Real Estate Taxes$5,414
Tax Year2024
Assessed Value$437,300
Financial Data SourceNo
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$14,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$14,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)1.38%
Location Information for 40 Spruce St, Shrewsbury MA 01545
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Laundromat, Private School, Sidewalks
Contact Information for 40 Spruce St, Shrewsbury MA 01545