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53 Monadnock, Gardner, MA 01440

11 Bed, 5 Bath Multi-Family Home For Sale

53 Monadnock, Gardner, MA 01440 House For Sale - MLS #72531724
$299,900
11
5
Multi-Family
5+ Family
5

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Property Description for 53 Monadnock, Gardner, MA 01440

GROUP SHOWING THIS EVENING HAS BEEN CANCELLED. This investment property is a turnkey, 5 unit building near downtown Gardner. Its Comprised of four 2 bdrm apartments, and one 3 bdrm. With an average monthly rent of $780.00 this property has a stable tenant base and is a solid investment. This building has seen a large number of capital improvements and costs saving measures including newer vinyl siding, upgrading windows to a vinyl replacement, unit renovations, exterior foundation work, and much more. While room for adding additional income exists, this property is a perfect investment for someone looking for a stable building that produces a solid return. With a gross income of almost $47,000.00 and extremely low operating expenses, this is sure to turn a profit for any investor.

Interior Details

3,800 sq. ft.
$78.92/sq. ft.

Exterior Details

0.26 acres
11,325 sq. ft.
3 Garage Spaces
8

Other Details

72531724
1930

Units Description

Unit #1
Rooms: 5      Bedrooms: 3      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $1,300     
Rooms : Living Room; Kitchen
Appliances : Range; Refrigerator
Heating : Hot Water Baseboard; Oil
Rent Includes : Heat; Water; Hot Water; Other (See Remarks)

Unit #2
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $650     
Rooms : Living Room; Kitchen
Appliances : Range; Refrigerator
Heating : Electric
Rent Includes : Water; Hot Water; Other (See Remarks)

Unit #3
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $650     
Rooms : Living Room; Kitchen
Appliances : Range; Refrigerator
Heating : Electric Baseboard
Rent Includes : Water; Hot Water; Other (See Remarks)

Unit #4
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 3      Rent: $650     
Rooms: Living Room; Kitchen
Appliances: Range; Refrigerator
Heating: Electric
Rent Includes: Water; Hot Water; Other (See Remarks)

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(20%)

Monthly Mortgage Payments

$1,362
$1,897

Town Description

The City of Gardner is an urban/industrial center. The city was settled late and showed a dispersed, small scale woodworking industry in the 1800's. By the early 19th century, however, this had...

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