$447,000
SOLD OCT 17, 2024

8-12 Nichols St Gardner, MA 01440

6 Beds
8 Baths
7,024 Sq Ft
3,712 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

19% Below List Price

16 Days on Market

Highlights

  • Wine Refrigerator
  • Bathtub with Shower
  • Combination Dining and Living Room
  • Covered Patio or Porch
  • Storage
  • 5-minute walk to Pulaski Playground & Dog Park

About This Home

As of October 2024

Exceptional investment opportunity! This 4 unit plus commercial space multi-family is located 2 short blocks from Gardner Center. Excellent location. Across from the shell gas station. All four units have separate meters for gas and electric. This property has an unused first floor with 3,000 square feet. First floor has major potential for commercial space or additional units. Big add value for any investor or owner occupant. All 4 units are fully rented. Monthly income is $4,500. Current rents are under market and have room to meet market pricing. New Rubber roof was installed Jan, 2024. Heaters and hot water boilers have been replaced in the past 5 years. Don't miss this great opportunity!

Last Agent to Sell the Property

Alexander Osornio

NextGen Realty, Inc. Listed on: 06/01/2024

Last Buyer's Agent

Marilyn Garcia

Madelyn Garcia Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,745

Year Built

  • Built in 1920

Lot Details

  • 3,712 Sq Ft Lot
  • Level Lot

Parking

  • 4 Car Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,024 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Range
  • Wine Refrigerator

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 8 Full Bathrooms
  • Bathtub with Shower

Additional Features

  • Covered Patio or Porch
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $4,500
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:M22 B:4 L:7,3535589

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,745

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1920
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 1%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 10

Interior Features

  • Interior Amenities: Ceiling Fan(s), Storage, Bathroom With Tub & Shower, Living Room, Kitchen, Living RM/Dining RM Combo
  • Fireplace YN: No
  • Appliances: Range, Refrigerator, Wine Refrigerator
  • Total Bedrooms: 6
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Total Bathrooms: 8
  • Living Area: 7024
  • Spa YN: No
  • Stories Total: 10
  • Window Features: Picture Window
  • MAIN LO: BB9279
  • LIST PRICE PER Sq Ft: 75.46
  • PRICE PER Sq Ft: 63.64
  • MAIN SO: BB3163

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Covered
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:M22 B:4 L:7,3535589
  • Zoning: Com1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3712
  • Lot Size Units: Acres
  • PAGE: 191
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8745
  • Tax Book Number: 24883

Multi Family

  • Gross Income: 54000
  • Net Operating Income: 54000
  • Number Of Units Total: 5
  • Total Actual Rent: 4500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 2
  • FLRS 4: 3
  • FLRS 3: 3
  • FLRS 2: 2

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Range of Values:

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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 Change Sq Ft Price
10/17/2024 10/17/24 Sold $447,000 -15.7% $64 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/12/2024 06/12/24 Price Changed $530,000 -3.6% $75 / Sq Ft
06/01/2024 06/01/24 For Sale $550,000 -- $78 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73245827

MLS Property Information Network (MLS PIN)

APN: GARD M:M22 B:4 L:7