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Description
Highest and best due 4/25 by noon. this property is a turnkey 5 unit building near downtown Winchendon. Its Comprised of 3/1, 2/1, 2/1, 1/1. 1/1, apartments, and has the potential of bringing in market monthly rents of over $5k per month. This property has a mixture of long term tenants and new. 2 units have been remodeled and are being left vacant for owner occupancy potential. The building has seen a large number of capital improvements over the years and cost saving measures including, some upgraded windows to vinyl replacement, electrical upgrades, new roof, Mass save insulation program, and much more. While room for additional income exists, a gross income of $58,000.00 with low operating expenses, makes this a great investment for someone looking for a stable building that produces a solid return. Current ROI is 10%. Property has extra unfinished space that with town approval may be able to house more units. building offers coin op laundry area.
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Listing Agent: Michelle Peterson Agent phone: 603-831-6933 Courtesy of: Elm Grove Realty, LLC Office phone: 603-821-0077 The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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