NOT LISTED FOR SALE

191 Mill St Winchendon, MA 01475

10 Beds
5 Baths
4,468 Sq Ft
0.49 Acres

Last Sold April 21, 2023

Last sale price $500,000 $112 Per Sq Ft

136 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Covered Patio or Porch
  • Fruit Trees
  • Tennis Courts
  • Jogging Path

About This Home

As of April 2023

Group tour Sunday 11/20 at 11 a.m. This investment property is a turnkey, 5 unit building near down town Winchendon. It comes fully occupied with all tenants, 4 of which are in current leases. It is Comprised of 3/1, 3/1, 2/1, 1/1, 1/1, and a rented large 1 car garage/storage space. This building also has a coin operated laundry area and a front entry where interior mailboxes are located. This building has seen a large number of capital improvements and costs saving measures over the years including newer roof on the main house, vinyl siding, updated windows to vinyl replacement, unit renovations, newer Buderus boiler, updated electrics, new hall carpeting/and painting is being finished this week, 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 $61,000.00 and low operating expenses, this is sure to turn a profit for any investor. Current ROI 9%

Last Agent to Sell the Property

Michelle Peterson

Elm Grove Realty, LLC Listed on: 07/22/2022

Last Buyer's Agent

Randy Hart

Hart Of New England Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,727

Year Built

  • Built in 1860

Lot Details

  • 0.49 Acre Lot
  • Level Lot
  • Irregular Lot
  • Fruit Trees

Parking

  • 1 Car Garage
  • Shared Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,468 Sq Ft Home
  • Insulated Windows
  • Insulated Doors

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor
  • Block Basement Construction
  • Crawl Space

Utilities

  • Heating Available
  • 100 Amp Service
  • Tankless Water Heater

Additional Features

  • Covered Patio or Porch
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $5,100
  • Rent includes unit 1(heat water hot water other (see remarks)), unit 2(heat water hot water other (see remarks)), unit 3(heat water hot water other (see remarks)), unit 4(heat water hot water other (see remarks))
  • Tax Lot 100

Community Details

Overview

  • 5 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $1,036
  • Insurance Expense $2,997
  • Water Sewer Expense $4,352
  • Operating Expense $16,450
  • Net Operating Income $44,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,727

Year Built

Built in 1860

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1860
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Vinyl,Carpet,Laminate
  • Interior Amenities: Unit 2(Pantry), Unit 1 Rooms(Living Room,Kitchen,Sunroom), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Refrigerator,Vent Hood), Unit 2(Range,Refrigerator,Vent Hood), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Tankless Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 10
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Laundry Features: Laundry Room
  • Basement: Full, Crawl Space, Interior Entry, Dirt Floor, Concrete
  • Living Area: 4468
  • Stories Total: 9
  • Window Features: Insulated Windows
  • MAIN LO: AN2024
  • MAIN SO: BB4951

Exterior Features

  • Exterior Features: Fruit Trees
  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar, Irregular
  • Patio And Porch Features: Covered
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street, Paved
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Heating: Unit 1(Hot Water Baseboard,Oil), Unit 2(Hot Water Baseboard,Oil), Unit 3(Hot Water Baseboard,Oil), Unit 4(Hot Water Baseboard,Oil)
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1

Condo/Co-op/Association

  • 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
  • Rent Includes: Unit 1(Heat,Water,Hot Water,Other (See Remarks)), Unit 2(Heat,Water,Hot Water,Other (See Remarks)), Unit 3(Heat,Water,Hot Water,Other (See Remarks)), Unit 4(Heat,Water,Hot Water,Other (See Remarks))

Fee Information

  • Water Sewer Expenses: 4352

Lot Info

  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Gentle Sloping, Level
  • Lot Size Acres: 0.49
  • Lot Size Sq Ft: 21344
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3727.46
  • Tax Block: 0
  • Tax Lot: 100

Multi Family

  • Electric Expense: 1036
  • Insurance Expense: 2997
  • Net Operating Income: 44750
  • Number Of Units Total: 5
  • Operating Expense: 16450
  • Total Actual Rent: 5100
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 3: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2023 04/21/23 Sold $500,000 0.0% $112 / Sq Ft
12/06/2022 12/06/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $500,000 -- $112 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,158 $353,900 $31,800 $322,100
2024 $4,249 $338,800 $30,500 $308,300
2023 $4,371 $326,200 $29,800 $296,400
2022 $3,728 $246,700 $37,500 $209,200
2021 $3,708 $235,900 $34,200 $201,700
2020 $3,761 $231,000 $31,800 $199,200
2019 $3,822 $228,700 $29,500 $199,200
2018 $3,871 $223,100 $27,500 $195,600
2017 $3,829 $213,100 $32,400 $180,700
2016 $3,686 $211,500 $30,800 $180,700
2015 $3,536 $211,500 $30,800 $180,700
2014 $3,324 $208,300 $32,600 $175,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73016266

MLS Property Information Network (MLS PIN)