This investment property is a turnkey, 5 unit building in a great location for commuters and is located directly across from Winchendon/Gardner rail trail. It comes fully occupied with all tenants, 4 of which are in current leases. It is Comprised of 3/1, 2/1, 1/1, 1/1, 1/1. This building has seen a large number of capital improvements and costs saving measures over the years including newer roof, vinyl siding, updated windows to vinyl replacement, unit renovations, newer Buderus boiler, and much more. This property is a great investment for someone looking for a stable building that produces a solid return. With a gross income just over $58,000.00 and low operating expenses, this is sure to turn a profit for any investor. Current ROI 10%
Multi-familyProperty Type
1880Year Built
0.37 acresLot Size
$136Price/Sq.Ft.
10 spacesParking
Listed by Michelle Peterson• Elm Grove Realty, LLC
Bought with Douglas Tammelin• Coldwell Banker Realty - Leominster
Interior Features: Bathroom With Tub & Shower, Upgraded Cabinets, Living Room, Kitchen, Sunroom, Office/Den, Mudroom
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Exterior
Building Information
Building Area (Total): 3,128
Foundation Details: Concrete Perimeter, Granite
Construction Materials: Frame
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Renovated Since
Exterior Features
Roof: Shingle, Rubber
Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down
Lot Information
Lot Size (Acres): 0.37
Lot Features: Corner Lot, Cleared, Level
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Financial
Tax Information
Tax Annual Amount: $2,798.37
Tax Year: 2022
Utilities
Utility Information
Utilities: for Gas Range, for Electric Dryer
Sewer: Public Sewer
Water Source: Public
Electric: 100 Amp Service
Heating & Cooling
Has Heating
Heating: Baseboard, Oil
Heating Units: 1
Location
Location Information
Directions: Located on Rt 12 directly across from Grout Family Memorial Park
UnparsedAddress: 409 Spring, Winchendon MA 01475
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Private School, Public School
Public facts
Beds: 7
Baths: 4.5
Sq. Ft.: 3,128
Stories: 2.0
Lot Size: 0.37 acres
Style: Multi-Family (5+ Unit)
Year Built: 1880
Year Renovated: 1950
County: Worcester County
APN: 3494705
Home facts updated by county records on Jul 20, 2023
Other
Miscellaneous Information
Heat Zones: 5
Listing Information
StandardStatus: Closed
Around this home
Schools
Toy Town Elementary School
Public 3-5 • Assigned • 1.3mi
4/10
Murdock Middle School
Public 6-8 • Assigned • 1.6mi
5/10
Murdock High School
Public 9-12 • Assigned • 1.6mi
3/10
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
2/10 Heat Factor
7 days above 91° expected this year, 16 days in 30 years
4/10 Wind Factor
20% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Winchendon, MA • 01475
Average low and high temperatures (°F)
27
12
30
14
46
27
56
36
65
46
76
55
81
62
77
54
70
50
59
39
46
31
33
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 4.1 hours in December, placing it below the
U.S. average for solar exposure.