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1480 Lancaster Ave, Lunenburg MA 01462

$661,000

Estimated $1,767.73/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $330,500

Total Rent: 30000/year

Estimated CAP Rate: 3.28%

6 Bedrooms

5 Full Baths

4,500 SqFt

Total Parking: 11 (1 Garage)

82,744 SqFt

This unique two-family raised ranch will surely surprise you with an unexpected spacious, warm and homey feel as you walk in the door. Additional in-law apartment as well as a private visiting space for your guests or family. Excellent location near route 2 and I-190. Country living with city amenities nearby. A large private backyard great for entertaining or gardening or just relaxing by a fire. You will love the amount of storage this place has to offer, with a walk-up attic, closets, and cubbies. New title 5 septic installed 2021. Large open concept living and kitchen area, 4 laundry facilities, and four beautiful fireplaces with plenty of off-street parking. New solar panels 2023 to off-set costs. State of the art Buderus furnace and double insulation will surely keep you warm come the winter months. Property is being sold as is.

This home has been viewed 30 times

Last Checked: November 5th, 2024 at 5:19am (Source: MLS PIN #73297845)

Gross Income: $30,000

Gross Expenses: $8,351

Net Income Calc: $21,649

CAP Rate: 3.28%

Annual Expenses for 1480 Lancaster Ave, Lunenburg MA 01462

Total Gross Expenses (Calculated)$8,351/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,351

Annual Income & Unit Breakdown for 1480 Lancaster Ave, Lunenburg MA 01462

Total Gross Income (Calculated)$30,000

Unit 1

Rental Income$1,500

LeaseN

Bedrooms4

Bathrooms4 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesElectric, Unit 1(heat, Hot Water), Unit 2(heat

Unit 2

Rental Income$1,000

LeaseY

Bedrooms1

Bathrooms1 Full

Floor0

Levels in Unit1

HeatingYes

Rent IncludesElectric, Unit 1(heat, Hot Water), Unit 2(heat

General Information for 1480 Lancaster Ave, Lunenburg MA 01462

Listing ID73297845

Property TypeMulti Family

Price$661,000 ($146.89/SqFt)

StyleMulti Family

CityLunenburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total4,500 SqFt

Approximate Lot Size (Acres)1.9 acres

Total Parking11 (1 Garage)

Garage Parking1 / Detached

Year Built1976

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick, Conventional (2x4-2x6)

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy FeaturesThermostat

Terms

Disclosures for 1480 Lancaster Ave, Lunenburg MA 01462

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$12,000

Total Net Income By Broker$12,000

For Sale By OwnerEntry Only

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 1480 Lancaster Ave, Lunenburg MA 01462

Real Estate Taxes$8,351

Tax Year2024

Assessed Value$592,300

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$12,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$12,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.28%

Location Information for 1480 Lancaster Ave, Lunenburg MA 01462

Elementary SchoolPrimary School

Middle SchoolTurkey Hill

High SchoolLunenburg High

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Pool

Contact Information for 1480 Lancaster Ave, Lunenburg MA 01462

Agent

Name: Derek Greene

Office

Name: The Greene Realty Group

Phone: 860-560-1006

Payment Calculator

, Interest

Property Taxes 695.92

Principal & Interest 4072.87

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

The Greene Realty Group

Derek Greene

Agent Phone

Office Phone

(860) 560-1006

Text Agent Call Agent Call Office

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                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73297845&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-11-05 05:19:21
                    [modified] => 2024-11-05 05:19:21
                )

[20] => Array
                (
                    [id] => 48560531
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73297845&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-11-05 05:19:21
                    [modified] => 2024-11-05 05:19:21
                )

[21] => Array
                (
                    [id] => 48560532
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73297845&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-11-05 05:19:21
                    [modified] => 2024-11-05 05:19:21
                )

[22] => Array
                (
                    [id] => 48560533
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73297845&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-11-05 05:19:21
                    [modified] => 2024-11-05 05:19:21
                )

)

)

EXIT