4 Main St - Apartments FOR SALE


Spencer, MA 01562
$6,250,000 USD
617-529-1141
4 Main St, Spencer, MA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/13
null | 6.87% Cap Rate

4 Main St
Spencer, MA 01562


OVERVIEW

Thirty-one units in a 70 unit condominium development built in phases from 1977 to 1988, with the newest building built in 2006. Units are comprised of 28 two-bedroom and 3 one-bedroom units. Situated on a 6.44-acre site, there is plenty of off-street parking. The heat and hot water for the units are either gas forced hot air with central air-conditioning or electric radiant heat and hot water, paid by the tenant. Condo fees are approximately $250/ month per unit, which includes landscaping and snow removal, common area utilities, insurance, cleaning, pest control, and management of the site. HOA reserves exceed $200,000.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

31

PRICE/UNIT

$201,613

CAP RATE

6.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1977

PARKING SPACES

135

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

MF

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rich CawleyUnited Multi Family CorporationMore Info
617-529-1141

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Rich CawleyUnited Multi Family CorporationMore Info
617-529-1141

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.