Unit Information
Investors, check out this spectacular 6-family investment opportunity! Currently producing an 8% cap rate with the potential to reach 9.5% at market rents, this well-maintained property generates over $95,000 in annual income. Spanning more than 4,000 square feet, it features six well-sized 1-bedroom units, each offering a dine-in kitchen, living room, pantry, and bedroom. A coin-operated washer and dryer in the building adds convenience and additional income potential. Conveniently located just seconds from downtown Gardner and a short drive to Route 2, this property offers strong cash flow, value-add upside, and easy access to amenities and commuter routes. Recent appraisal came in significantly higher than the list price, making this a rare opportunity to acquire instant equity. A perfect addition to any investment portfolio! Open houses Sat 7/19 & Sun 7/20 from 11AM-12:30PM.
- Additional Details
- Status: NEW
- Type: Multi-Family, 5-9 Family
- Zip Code: 01440
- Levels: 5
- Parking
- Parking: Paved Drive, Shared Driveway, Off Street, Common, Paved
- Parking Spaces: 7
- Rooms and Dimensions
- Total Units: 6
- Total Floors: 5
- Total Rooms: 18
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$689,000
- Status: New
- Listing ID: 73404655
- Bedrooms: 6
- Full Baths: 6
- Living Area: 4,338 sqft Convert
- Lot Size: 5,227 sqft Convert
- Acres: 0.12
View description
Luxury Residential Group
(617) 233-5800
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When you are ready, please contact us and we will put our unrivaled knowledge of the Boston real estate market to work for you. Whether you are buying a luxury condo or renting a luxury apartment, we pledge to make your experience as stress free and enjoyable as possible.
Please call, email, or send us a message through the web form below. An LRG Real Estate agent will contact you promptly.
LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |