2 Langevin St, Spencer, MA 01562

Multi-Family

$399,900
Price
$375,000
Sale Price

6
Units
5,096
Approx. GLA
** INVESTORS DEAL** This profitable 6 family multi-family is well maintained and ready for you to start making income!. Yearly Gross Income potential $56,700. Units are side by side; 2 story units consist of 2 bedrooms , 1 full bath, living room, kitchen/dining combo and basements with washer and dryer hook-ups. Separate deck area for tenants to put a grill and enjoy the outdoors. Lawn area in the back and 2 parking spaces per unit. Units have updated vinyl windows, laminate flooring, and wall air conditioners. 12 parking spots. 1 unit is empty for showings, all other units are rented with tenants at will. Well maintained property, conveniently located and ready to sell!
Highlights
Terms: Contract for Deed
Sale Price: $375,000
Settled Date: 7/29/2016 12:00:00 AM
Basement Features: Full, Walk Out
List Price: $399,900
Type: Multi-Family
Multi-Family Type: 5+ Family - 5+ Units Side by Side
Status: Sold
Beds: 12
Baths: 6
Units: 6
Year Built: 1970
Approx. GLA: 5,096
MLS#: 72019357
 
Interior
Basement: Yes
Electricity Cost: $534
Flooring: Vinyl, Wall to Wall Carpet, Laminate
Hot Water: Electric
Rooms: 24
Lead Paint: Unknown
Total Floors: 2
Exterior
Water: No
Acres: 0.60
Lot Size: 26,296.00
Lot Description: Corner, Wooded, Paved Drive
Foundation: Poured Concrete
Parking Spaces: 12
Color: Grey
Utility: for Electric Dryer, Washer Hookup
Exterior: Wood
Exterior Features: Deck
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $316,500
Taxes: $4,523
Tax Year: 2016
Book/Page: 6718/125
School
High School: David Prouty
Beach
Beach: No
Expenses
Expenses Source: Tax Return
Gross Income: $44,550
Gross Expenses: $19,359
Total Rent: $4,725
Net Income: $22,365
Insurance Cost: $3,358
Refuse Cost: $1,335
R&M Cost: $3,692
Water Cost: $6,176
Misc. Cost: $40
 
 
Additional
Exclusions: Tenants personal belongings
Disclosure Declaration: No
Disclosure: Hot water heaters are leased and paid by landlord. Rent includes: trash, lawn, snow removal, water & sewer. Unit 1 has not been rented for over a year because landlord doesnt have time to advertise and fill. Information provided by seller/public records; buyer/buyers agent to verify
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 No 2
Unit 2 4 2 0 1 1 0 No 2 $775
Unit 3 4 2 0 1 1 0 No 2 $775
Unit 4 4 2 0 1 1 0 No 2 $775
Units Extras
Unit 1
Rent Includes:  Water, Other (See Remarks)  Cooling:  Wall AC  Applicances:  Range, Refrigerator  Heating:  Electric Baseboard  Rooms:  Kitchen, Living RM/Dining RM Combo 
Unit 2
Rent Includes:  Water, Other (See Remarks)  Cooling:  Wall AC  Applicances:  Range, Refrigerator  Heating:  Electric Baseboard  Rooms:  Kitchen, Living RM/Dining RM Combo 
Unit 3
Rent Includes:  Water, Other (See Remarks)  Cooling:  Wall AC  Applicances:  Range, Refrigerator  Heating:  Electric Baseboard  Rooms:  Kitchen, Living RM/Dining RM Combo 
Unit 4
Rent Includes:  Water, Other (See Remarks)  Cooling:  Wall AC  Applicances:  Range, Refrigerator  Heating:  Electric Baseboard  Rooms:  Kitchen, Living RM/Dining RM Combo 
Map
The listing office is RE/MAX Prof Associates and the listing agent is Wendy L. Johnson. 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 6/27/2017 1:05:00 PM.
 
Pamela Crawford
Pamela Crawford
Owner/Partner
RE/MAX Professional Associates