Seller's Agent in 2022
Michelle Peterson
Elm Grove Realty, LLC
(603) 831-6933
75 in this area
136 Total Sales
409 Spring St Winchendon, MA 01475
8
Beds
5
Baths
3,128
Sq Ft
0.37
Acres
Highlights
- Medical Services
- Property is near public transit and schools
- Tennis Courts
- Granite Flooring
- Corner Lot
- Jogging Path
About This Home
As of October 2022This 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%
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,798
Year Built
- Built in 1880
Lot Details
- 0.37 Acre Lot
- Corner Lot
- Level Lot
- Cleared Lot
Home Design
- Frame Construction
- Shingle Roof
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,128 Sq Ft Home
- Insulated Windows
- Insulated Doors
- Storm Doors
- Dishwasher
Flooring
- Carpet
- Granite
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Block Basement Construction
Parking
- 10 Car Parking Spaces
- Stone Driveway
- Unpaved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- 5 Heating Zones
- Heating Available
- 100 Amp Service
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Total Actual Rent $4,850
- 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 23
- Assessor Parcel Number 3494705
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 $426
- Insurance Expense $2,076
- Water Sewer Expense $2,995
- Operating Expense $10,221
- Net Operating Income $47,979
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/05/2022 10/05/22 | Sold | $425,000 | 0.0% | $136 / Sq Ft |
| 09/11/2022 09/11/22 | Pending | -- | -- | -- |
| 07/20/2022 07/20/22 | For Sale | $425,000 | -- | $136 / 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 | $4,680 | $398,300 | $33,600 | $364,700 |
| 2024 | $4,800 | $382,800 | $32,200 | $350,600 |
| 2023 | $3,873 | $289,000 | $31,500 | $257,500 |
| 2022 | $2,798 | $185,200 | $39,600 | $145,600 |
| 2021 | $2,781 | $176,900 | $36,100 | $140,800 |
| 2020 | $2,813 | $172,800 | $33,600 | $139,200 |
| 2019 | $2,846 | $170,300 | $31,100 | $139,200 |
| 2018 | $2,887 | $166,400 | $29,000 | $137,400 |
| 2017 | $2,802 | $155,900 | $33,200 | $122,700 |
| 2016 | $2,689 | $154,300 | $31,600 | $122,700 |
| 2015 | $2,580 | $154,300 | $31,600 | $122,700 |
| 2014 | $2,308 | $144,600 | $37,800 | $106,800 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Peterson
-
Doug Tammelin
Buyer's Agent in 2022
Doug Tammelin
Coldwell Banker Realty - Leominster
(978) 514-3423
9 in this area
168 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73014536
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