Luxury Residential Group: 19 Franklin Ct, Gardner, MA

Property Description

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.

offered at

$689,000

Status: New
Listing ID: 73404655
Bedrooms: 6
Full Baths: 6
Living Area: 4,338 sqft 403 m² Convert
Lot Size: 5,227 sqft 486 m² Convert
Acres: 0.12

Additional Details

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

LRG Boston

(617) 233-5800

19 Franklin Ct

Gardner, MA