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OFFER DEADLINE TUESDAY 7/22 at 12PM. 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!
General Information for 19 Franklin Ct Gardner, MA 01440 |
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| Town | Gardner |
| County | Worcester |
| Stories | 5 |
| SQFT | 4,338 |
| Status | Under Contract |
| Listing Number | 73404655 (MLSPIN) |
Rooms Information for 19 Franklin Ct Gardner, MA 01440 |
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Interior Information for 19 Franklin Ct Gardner, MA 01440 |
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| Basement | Unfinished |
| Interior Features | Laundry Room Living Room Kitchen Vinyl Hardwood |
| Heating | Oil |
| Cooling | Window Unit(s) |
Exterior Information for 19 Franklin Ct Gardner, MA 01440 |
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| Lot Size | 0.12 acres |
| Parking | Spaces: 7 Paved Drive Shared Driveway Off Street Common Paved |
| Water | Public |
| Sewer | Public Sewer |
| Exterior Features | Balcony |
Neighborhood Information for 19 Franklin Ct Gardner, MA 01440 |
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| Neighborhood Amenities | Public Transportation Shopping Park Walk/Jog Trails Medical Facility Laundromat Conservation Area Highway Access Public School T-Station |
Schools information for 19 Franklin Ct Gardner, MA 01440 |
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| Elementary | Gardner Element |
| Middle | Gardner Middle |
| High | Gardner High |
| General Area Public, Private School and College Information | |
Miscellaneous Information for 19 Franklin Ct Gardner, MA 01440 |
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| Year Built | 1900 |
| Association Fee | 0 |
| Taxes | $6,682 /Yr |
| Comp | Buyer Agency Compensation: Buyer Agency Compensation Type: Sub Agency Compensation: Sub Agency Compensation Type: Transaction Broker Compensation: Compensation Based On: Sub-Agency Relationship Offered: |
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| Condo | Data |
|---|---|
| Units | 6,361 |
| Avg Price | $917,868 |
| Avg Days Listed | 103 |
| Total New Listings | 4 |
| House | Data |
|---|---|
| Units | 11,578 |
| Avg Price | $1,261,192 |
| Avg Days Listed | 87 |
| Total New Listings | 15 |
| Multi-Family | Data |
|---|---|
| Units | 2,036 |
| Avg Price | $1,285,446 |
| Avg Days Listed | 106 |
| Total New Listings | 5 |
For a more detailed market analyis one of our real estate agents can provide you with a full report.
| Address | Closing Date | List Price | Closing Price | % of List Price |
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| Listing: 1 of 1 | Updated 11 minutes ago |
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
(AN5498/TM335434)
