Real Estate Sales----Linda J. Buckley, Realtor, ABR,SRES. ERA Key Realty Services

18 Prospect Street, Spencer, MA 01562  

Multi-Family
$194,500
Price
3
Units
2,721
Approx. GLA
Looking for an investment property with little to no maintenance? Move into first floor and have the other 2 units pay your mortgage! You decide!! Most of the major improvements have been done! Brand new 40 year architectural shingles ROOF with ice and water shield!! All replacement windows!! 3 electric HW heaters replaced in 2011. Updated Electric panels!! Off-street parking--Whole house was just PAINTED!!!! 1st floor unit has a laundry hook-up. Owner's originally were going to make this a laundry room for the entire building and this area is connected to the landlord meter as a common area.. Updated exterior decking and stairways. Front stairway recently re-cemented with new railings. This home should qualify for all types of financing!
Open House
No scheduled Open Houses
Highlights
Basement Features: Partial, Interior Access
List Price: $194,500
Type: Multi-Family
Multi-Family Type: 3 Family - 3 Units Up/Down
Status: Under Agreement
Beds: 7
Baths: 3
Units: 3
Year Built: 1900
Year Round: Yes
Approx. GLA: 2,721
MLS#: 72552072
Interior
Basement: Yes
Electric Features: Circuit Breakers, Individually Metered
Flooring: Wall to Wall Carpet, Laminate
Energy: Insulated Windows
Hot Water: Electric
Rooms: 14
Lead Paint: Unknown
Total Floors: 3
UFFI: Unknown
Exterior
Water: No
Acres: 0.08
Lot Size: 3,665.00
Lot Description: Paved Drive
Foundation: Fieldstone, Brick
Foundation Size: 24x42
Parking Spaces: 3
Parking Features: Off-Street, Paved Driveway
Road Type: Public, Paved, Publicly Maint.
Color: Beige
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Electric Range
Exterior: Shingles
Exterior Features: Deck - Wood
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $134,800
Taxes: $1,869
Tax Year: 2019
Book/Page: 44972/269
Warranty Available: No
Beach
Beach: No
Expenses
Gross Income: $17,400
Total Rent: $1,450
Net Income: $17,400
Additional
Amenities: Shopping, Highway Access, House of Worship
Disclosure Declaration: No
Disclosure: Seller has never lived here- Owner states they replaced sewer lines from exterior side of house to street approx 2 years ago. All units have had extensive remodeling done by current owner. Unit 1 recently had approx. 80% remodeled/updated. There is a Landlord Meter.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 2 0 1 1 0 No 1
Unit 2 4 2 0 1 1 0 No 1 $600
Unit 3 6 3 0 2 1 0 No 2 $850
Units Extras
Unit 1
Rent Includes:  Water  Applicances:  Range, Refrigerator  Heating:  Gas  Interior:  Upgraded Cabinets, Cable TV Available  Rooms:  Kitchen, Laundry, Living RM/Dining RM Combo 
Unit 2
Rent Includes:  Water, Hot Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Gas  Interior:  Cable TV Available  Rooms:  Living Room, Kitchen, Other (See Remarks) 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Gas  Interior:  Cable TV Available  Rooms:  Living Room, Kitchen, Loft 
Map
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The listing office is ERA Key Realty Services- Auburn and the listing agent is Linda Buckley. 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 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 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 it's 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. The data was last modified on 12/18/2018 2:44:00 PM.
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