6,226 Sq. Ft.
$75 / Sq. Ft.
6,226
Sq. Ft.
$75
per Sq. Ft.

Description

GREAT INVESTMENT OPPORTUNITY with this 6 unit building. Each unit has a front porch, rear deck, 3-4 bedrooms per unit, ample parking, onsite coin-op laundry owned by seller. Current rents are below market value for this area. Back porches have been updated recently. All units are individually metered for gas and electricity. Hot water heaters are gas and owned by the seller. 50 year rubber roof professionally installed 17 years ago.GREAT INVESTMENT OPPORTUNITY with this 6 unit building. Each unit has a front porch, rear deck, 3-4 bedrooms per unit, ample parking, onsite coin-op laundry owned by seller. Current rents are below market value for this area. Back porches have been updated recently. All units are individually metered for gas and electricity. Hot water heaters are gas and owned by the seller. 50 year rubber roof professionally installed 17 years ago.
  1. Listed by Diane Darrah Nordberg • RE/MAX Executive Realty

Property Details for 1 Spring Terrace

Town
Northbridge
Area
MA-Northbridge
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10
LISTING UPDATED: 08/06/2022 06:53 AM

Property Details for 1 Spring Terrace

StatusSold
MLS #72304371
Days on Market27
Taxes$5,043 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1920
CountyWorcester County

Location

Listing Courtesy of RE/MAX Executive Realty, Diane Darrah Nordberg

Sold By Premeer Real Estate Inc., Chris Whitten

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Building Information for 1 Spring Terrace

Stories9Residences6Year Built1920Building Size-Lot Size0.36 AC / 15,668 SF

Payment Calculator

$2,687 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,266

Property Taxes

$420

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1 Spring Terrace

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 6226.0
  • Color: White
  • Total Units: 6
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator, Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range, Gas Water Heater, Utility Connections for Gas Range
  • Basement Features: Partial, Walk Out, Concrete Floor
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Hardwood Floors, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Features: Bathroom With Tub & Shower, Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 4(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Kitchen, Office/Den), Unit 4 Rooms(Living Room
  • Laundry Features: Laundry Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Porch
  • Lot Description: Gentle Sloping
  • Patio And Porch Features: Porch
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Common, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Common, Paved Driveway
  • Parking Features: Off-Street, Common, Paved Driveway
Utilities
  • Cooling: None, Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Cooling: No
  • Electric: 110 Volts, 220 Volts, Circuit Breakers, 100 Amp Service, Common, Individually Metered
  • Heating: Forced Air, Natural Gas, Unit 1(Forced Air, Gas, Individual), Unit 2(Forced Air, Gas), Unit 3(Forced Air, Unit 4(Forced Air
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Private Road
  • Road Responsibility: Private Maintained Road
  • Road Surface Type: Paved
  • Disclosures: 48 Hour notice needed to notify tenants to see property. Also listed on MLS Commercial # 72304370
Tax Information
  • Listing Terms: Contract
  • Tax ID: 1641931
  • Assessments: $372,700
  • Block: 00183
  • Book: 17179
  • Map: 0015A
  • Tax Year: 2017
  • Zoning: RES
Building / Association Information
Living Characteristics
  • Beds Total: 20
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 6
  • Heat Zones: 6
Income / Expenses
  • Electricity: $540.00
  • Annual Expenses Source: Owner
  • GOI: $51,000.00
  • Insurance: $3,510.00
  • GRE: $3,567
  • RFS: $960
  • NOI: $47,433.00
  • Operating Expense: $3,567.00
  • WSE: $3,567.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,250.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1

Property History for 1 Spring Terrace

DateEvent & SourcePriceAppreciation
Jun 6, 2018

Sold

MLS PIN #72304371

$465,000—
Apr 16, 2018

Under Agreement

MLS PIN #72304371

—
Apr 16, 2018

Contingent

MLS PIN #72304371

—
Apr 5, 2018

Listed (Active)

MLS PIN #72304371

$499,900—
DateEvent & SourcePrice
06/06/2018

Sold

MLS PIN #72304371

$465,000
04/16/2018

Under Agreement

MLS PIN #72304371

—
04/16/2018

Contingent

MLS PIN #72304371

—
04/05/2018

Listed (Active)

MLS PIN #72304371

$499,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Spring Terrace

Taxable ValueLand$90,900Additions$342,500Total$433,400
Tax Record2021$6,280 ($523 / month)
Home Facts
Baths6Total Finished SqFt6,226 SqFtAbove Grade Finished SqFt6,226 SqFtStories3Lot Size15,668 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyWORCESTERAPNNBRI M:0015A B:00183

Schools near 1 Spring Terrace

This home is within Northbridge School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Northbridge Elementary School
PublicPK to 1

Northbridge Elementary School
PublicPK to 5

Northbridge Middle School
Public6 to 8

Northbridge High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Executive Realty, Diane Darrah Nordberg

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its 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.