8-12 Nichols Street

Gardner, MA 01440

$585,000
Price
6
Beds
4
Baths
7,024 Sq. Ft.
$83 / Sq. Ft.
7,024
Sq. Ft.
$83
per Sq. Ft.

Description

Exceptional investment opportunity! This 4 unit plus commercial space multi-family is located 2 short blocks from Gardner Center. Excellent location. Across from the shell gas station. All four units have separate meters for gas and electric. This property has an unused first floor with 3,000 square feet. First floor has major potential for commercial space or additional units. Big add value for any investor or owner occupant. All 4 units are fully rented. Monthly income is $4,500. Current rents...Exceptional investment opportunity! This 4 unit plus commercial space multi-family is located 2 short blocks from Gardner Center. Excellent location. Across from the shell gas station. All four units have separate meters for gas and electric. This property has an unused first floor with 3,000 square feet. First floor has major potential for commercial space or additional units. Big add value for any investor or owner occupant. All 4 units are fully rented. Monthly income is $4,500. Current rents are under market and have room to meet market pricing. New Rubber roof was installed Jan, 2024. Heaters and hot water boilers have been replaced in the past 5 years. Don't miss this great opportunity!
  1. Listed by Alexander Osornio • NextGen Realty, Inc.

Property Details for 8-12 Nichols Street

Town
Gardner
Area
MA-Gardner
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Listing Courtesy of NextGen Realty, Inc., Alexander Osornio
Add your commute
LISTING UPDATED: 05/01/2024 08:01 AM

Property Details for 8-12 Nichols Street

StatusPrice Changed
MLS #73217598
Days on Market35
Taxes$8,745 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1920
CountyWorcester County

Location

Listing Courtesy of NextGen Realty, Inc., Alexander Osornio
Add your commute

Building Information for 8-12 Nichols Street

Stories10Residences4Year Built1920Building Size-Lot Size0.09 AC / 3,712 SF

Payment Calculator

$3,921 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,193

Property Taxes

$729

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8-12 Nichols Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 7024.0
  • Color: Brick
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Owner
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Carpet
  • Interior Features: Ceiling Fan(s), Storage, Bathroom With Tub & Shower, Open Floorplan, Living Room, Kitchen, Living RM/Dining RM Combo
  • SpaYN: No
  • Window Features: Picture Window
Exterior Features
  • Construction: Brick
  • Lot Description: Level
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Heating: Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: 3535589
  • Assessments: $583,400
  • Book: 24883
  • Tax Year: 2024
  • Zoning: Com1
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 10
Other Building Characteristics
  • Foundation: Concrete Perimeter, Slab
Income / Expenses
  • GOI: $55,200.00
  • NOI: $55,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 3
Unit 4 Description
  • Floor U4: 3
  • Lease U4: N
  • Levels U4: 3
Rental Info
Rental Info
  • Total Actual Rent: $4,500.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 1%

Property History for 8-12 Nichols Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8-12 Nichols Street

Taxable ValueLand$57,900Additions$525,500Total$583,400
Tax Record2024$8,745 ($729 / month)
Home Facts
Baths8Total Finished SqFt7,024 SqFtAbove Grade Finished SqFt7,024 SqFtStories3Lot Size3,712 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyWORCESTERAPNGARD M:M22 B:4 L:7

Schools near 8-12 Nichols Street

This home is within Gardner School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 8 to 12
Public - 2 to 4
Public - 5 to 7
Rating
School
Distance
Waterford Street
PublicPK to 1

Gardner High School
Public8 to 12

Elm Street School
Public2 to 4

Gardner Middle School
Public5 to 7

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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8-12 Nichols Street is a multi-family home for sale in Gardner, MA 01440. This property was listed for sale on March 29, 2024 by NextGen Realty, Inc., it's currently listed at $585,000. It has been on the market for a total of 35 days and was last sold on September 24, 2001. This listing's school district is Gardner School District. Nearby schools include Waterford Street, Gardner High School and Elm Street School. 8-12 Nichols Street is a 6-bed, 4-bath, 7,024 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NextGen Realty, Inc., Alexander Osornio

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.