Turnkey 5-unit building located close to all downtown has to offer. All units have been renovated and have spacious floorplans. There is one 3-bedroom unit and four 2-bedroom units. Many updates have been done including vinyl siding and windows. There is plenty of parking and also a 3-car garage. Low operating expenses. Great investor opportunity.
Multi-familyProperty Type
1930Year Built
0.26 acresLot Size
$149Price/Sq.Ft.
3 garage spacesParking
Listed by Trish Marchetti• Berkshire Hathaway HomeServices Commonwealth Real Estate
Bought with Brian Donoghue• Universal Property Management
GROUP SHOWING THIS EVENING HAS BEEN CANCELLED. This investment property is a turnkey, 5 unit building near downtown Gardner. Its Comprised of four 2 bdrm apartments, and one 3 bdrm. With an average monthly rent of $780.00 this property has a stable tenant base and is a solid investment. This building has seen a large number of capital improvements and costs saving measures including newer vinyl siding, upgrading windows to a vinyl replacement, unit renovations, exterior foundation work, and much more. While room for adding additional income exists, this property is a perfect investment for someone looking for a stable building that produces a solid return. With a gross income of almost $47,000.00 and extremely low operating expenses, this is sure to turn a profit for any investor.
MLS PIN #71482370
Mar 29, 2013
Sold
$130,000
$34/sq ft
Feb 20, 2013
Contingent
—
Feb 13, 2013
Listed
$130,000
$34/sq ft
Very large 5 family close to town. Has 3 car garage and plenty of parking. Fully occupied.
Year
Property tax
Land + Additions
Assessment*
2023
$6,246 (+11.5%)
$62,100 + $325,100
$387,200
2022
$5,603 (+9.5%)
$47,100 + $254,300
$301,400
2021
$5,116 (+20.5%)
$40,900 + $214,400
$255,300
2020
$4,246 (+6.7%)
$40,900 + $174,200
$215,100
2019
$3,978 (+14.7%)
$40,900 + $156,600
$197,500
2018
$3,468 (+4.3%)
$40,900 + $130,200
$171,100
2017
$3,324
$40,900 + $121,400
$162,300
2016
$3,322 (−12.9%)
$40,900 + $121,400
$162,300
2015
$3,814 (−0.6%)
$40,900 + $150,000
$190,900
2014
$3,836 (+1.7%)
$45,400 + $157,900
$203,300
2013
$3,771 (+7.4%)
$45,400 + $170,600
$216,000
2012
$3,512 (+3.7%)
$45,400 + $165,300
$210,700
2011
$3,386 (−1.2%)
$45,400 + $170,700
$216,100
2010
$3,427 (+3.9%)
$45,400 + $185,200
$230,600
2009
$3,299
$53,900 + $198,500
$252,400
Tax history for 53 Monadnock St
Year
Property tax
Land + Additions
Assessment*
2023
$6,246 (+11.5%)
$62,100 + $325,100
$387,200
2022
$5,603 (+9.5%)
$47,100 + $254,300
$301,400
2021
$5,116 (+20.5%)
$40,900 + $214,400
$255,300
2020
$4,246 (+6.7%)
$40,900 + $174,200
$215,100
2019
$3,978 (+14.7%)
$40,900 + $156,600
$197,500
2018
$3,468 (+4.3%)
$40,900 + $130,200
$171,100
2017
$3,324
$40,900 + $121,400
$162,300
2016
$3,322 (−12.9%)
$40,900 + $121,400
$162,300
2015
$3,814 (−0.6%)
$40,900 + $150,000
$190,900
2014
$3,836 (+1.7%)
$45,400 + $157,900
$203,300
2013
$3,771 (+7.4%)
$45,400 + $170,600
$216,000
2012
$3,512 (+3.7%)
$45,400 + $165,300
$210,700
2011
$3,386 (−1.2%)
$45,400 + $170,700
$216,100
2010
$3,427 (+3.9%)
$45,400 + $185,200
$230,600
2009
$3,299
$53,900 + $198,500
$252,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
9
Baths
5
Stories
3
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
—
Sq. Ft.
3,800
Year built
1930
Style
Multi-Family (5+ Unit)
County
Worcester County
APN
3535706
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Property details
Parking
Parking Information
Has Garage
Has Open Parking
# of Garage Spaces: 3
# of Covered Spaces: 3
Parking Spaces: 10
Parking Features: Paved Drive, Off Street, Paved
Interior
Bathroom Information
# of Bathrooms (Full): 5
Basement Information
Basement: Full, Interior Entry
Interior Features
# of Rooms (Total): 21
Flooring: Varies
Interior Features: Living Room, Kitchen, Laundry Room
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 3
Lease: Y
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: N
Exterior
Building Information
Building Area (Total): 3,800
Foundation Details: Stone
Construction Materials: Frame
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Unknown/Mixed
Exterior Features
Roof: Rubber
Patio And Porch Features: Enclosed
Property Information
PropertySubType: 5-9 Family
Lot Information
Lot Size (Acres): 0.26
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $6,246
Tax Year: 2023
Utilities
Utility Information
Utilities: for Electric Range
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers
Heating & Cooling
Has Heating
Heating: Oil, Electric
Location
Location Information
Directions: West St to Monadnock.
UnparsedAddress: 53 Monadnock St, Gardner MA 01440
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, Sidewalks
Public facts
Beds: 9
Baths: 5.0
Sq. Ft.: 3,800
Stories: 3.0
Lot Size: 0.26 acres
Style: Multi-Family (5+ Unit)
Year Built: 1930
Year Renovated: —
County: Worcester County
APN: 3535706
Home facts updated by county records on Jul 20, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Gardner Elementary School
Public PreK-4 • Assigned • 1.5mi
2/10
Gardner High School
Public 8-12 • Assigned • 1.1mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 16 days in 30 years
5/10 Wind Factor
25% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Gardner, MA • 01440
Average low and high temperatures (°F)
28
14
31
15
47
27
57
36
65
47
77
57
81
62
78
55
73
51
60
41
47
32
34
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.7 hours in
June and 4.2 hours in December, placing it below the
U.S. average for solar exposure.