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!
- Heating System:
- Oil
- Cooling System:
- Window Unit(s)
- Basement:
- Unfinished
- Parking:
- Common, Off Street, Paved, Paved Drive, Shared Driveway
- Exterior Unit Features:
- Balcony
- Flooring:
- Vinyl, Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Electric Feature:
- Circuit Breakers
- Garage Parking
- Interior Features:
- Kitchen, Living Room, Laundry Room
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Unit 2(heat, Hot Water), Unit 4(heat, Unit 1(heat, Unit 3(heat
- Grade School:
- Gardner Element
- High School:
- Gardner High
- Middle School:
- Gardner Middle
- Market Time:
- 22
- Parking Spaces:
- 7
- Tax Year:
- 2025
- Status:
- Closed
- Price Per Sqft:
- $163
- Zoning:
- R1
- No Units:
- 6
- Orig Price:
- $689,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Gardner
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01440
- Longitude:
- W72° 0' 8.5''
- Latitude:
- N42° 34' 37.3''
Residential Income
19 Franklin Ct, Gardner, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $689,000
- Bedrooms :
- 6
- Rooms :
- 18
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 4,338 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.12 Acre
- Listing ID :
- 73404655
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com