This well-maintained 8-unit property at 55-57 Green St Gardner, MA, consists of six 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, totaling 4,932 sq. ft. of living space on a 0.45-acre parcel. Recent upgrades include a new roof (2024), a renovated common area, and seven extensively updated units featuring granite countertops, stainless-steel appliances, modern bathrooms, and new flooring.The opportunity exists to increase rents in the renovated units and implement upgrades to the remaining unrenovated unit to maximize rental income. Conveniently located along Gardner’s primary north-south corridor, the property offers easy access to Downtown Gardner, Heywood Hospital, Mount Wachusett Community College, Crystal Lake, and the Route 2 corridor.This is a prime investment opportunity in a supply-constrained rental market.
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Last Updated: November 30th, 2024 at 6:23am
General Information for 57 Green St, Gardner, Massachusetts 01440
Property TypeResidential Income
Property Sub TypeMulti Family
Price$1,100,000
Price per sqft$223.03
MLS #73315489
Handicap Access / FeaturesNo
List Date2024-11-25
Special Listing Conditions
StateMassachusetts
Street NameGreen St
CityGardner
Zip Code01440
CountyWorcester
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total4932
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress57 Green St, Gardner MA 01440
Zoning
Interior Features for 57 Green St, Gardner, Massachusetts 01440
* Approx. Living Area Total4,932 sq ft
Living Area Includes BasementNo
Bedrooms10
* # Fireplaces0
Bathrooms (Total)8
Full Baths8
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$834
MLS Area (Major)
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_21
MLSPIN_BEDRMS_31
MLSPIN_BEDRMS_42
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_41
MLSPIN_GRE$42,950
MLSPIN_HTE$10,039
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate
Exterior Features for 57 Green St, Gardner, Massachusetts 01440
* Approximate Lot Size0.45 acres
Covered Parking Spaces0
Lot Features
* Parking Spaces12
* Sewer Utilities
* Water Utilities
* Year Built1900
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsStone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)19,500 Sqft
Disclosures for 57 Green St, Gardner, Massachusetts 01440
Buyer Agent Compensation2.5
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 57 Green St, Gardner, Massachusetts 01440
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceOwner
Gross Income$127,620
Insurance Expense$5,477
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$4,920
MLSPIN_RENT11550
MLSPIN_RENT21200
MLSPIN_RENT31350
MLSPIN_RENT41550
MLSPIN_RFS$4,620
MLSPIN_RME$4,000
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$78,385
OperatingExpense$42,950
OriginalListPrice$1,100,000
RENT_FEE_INCLUDES
TOTAL_RENT10475
WaterSewerExpense$3,586
Lifestyle Information for 57 Green St, Gardner, Massachusetts 01440
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 57 Green St, Gardner, Massachusetts 01440
Elementary School
Middle School
High School
NumberOfUnitsTotal8
Marketing History for 57 Green St, Gardner, Massachusetts 01440
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY4
PurchaseContractDate
Agent Information for 57 Green St, Gardner, Massachusetts 01440