George P. Goulas - KELLER WILLIAMS REALTY | 508-509-3833 | G@AllworthRealty.com

82 Dresser Hill Rd, Charlton, MA 01507

Commercial

$479,000
Price

1
Buildings
Commercial
Type of Comm.
53,579.00
Lot Size
HUGE PROPERTY WITH 2 COMMERCIAL UNITS & 2 RESIDENTIAL UNITS LOCATED ON RT.31. THIS MIXED-USE PROPERTY HAS APPROXIMATELY 4,600 SQUARE FEET OF SPACE & HAS BEEN MAINTAINED IN EXCELLENT CONDITION. IT IS LISTED AT A NET CAPITALIZATION RATE OF 7.17%. YES, THAT IS A NET CAP RATE OF 7.17% NOT TO BE CONFUSED WITH A GROSS CAP RATE. WHAT BANK IS GOING TO PAY YOU THAT TYPE OF RETURN ON YOUR MONEY & HAVE THE POTENTIAL FOR CAPITAL APPRECIATION? THE LISTING PRICE IS A DEEP DISCOUNT TO ITS REPLACEMENT COST IN TODAY'S MARKET. IDEAL PROPERTY FOR BUYERS WHO ARE LOOKING FOR A MORTGAGE HELPER OR AN INVESTOR WHO IS LOOKING FOR AN EXCELLENT INVESTMENT PROPERTY IN THE DESIRABLE TOWN OF CHARLTON. CALL NOW FOR MORE INFORMATION ON THIS LISTING INCLUDING THE INCOME STATEMENT, SURVEY, AS-BUILT SEPTIC SYSTEM & PASSING TITLE-5 REPORT. TAKE ADVANTAGE OF THIS EXCELLENT OPPORTUNITY TO BECOME AN OWNER OF THIS HUGE COMMERCIAL PROPERTY & GROW YOUR PORTFOLIO.
Open House
No scheduled Open Houses
Highlights
Lot Size: 53,579.00
Acres: 1.23
List Price: $479,000
Type: Commercial
Type of Comm.: Commercial
Status: Active
Restrooms: 3
Stories: 3
Buildings: 1
Total Units: 4
Units: 4
Total Sq. Ft.: 4,664
Year Built: 1988
Approx. GLA: 4,664
Sub Dividable: N
MLS#: 72378062
 
 
Interior
Elevator: No
Exterior
Acres: 1.23
Depth: 600
Space Dividable: No
Easements: Yes
Expandable: No
Lot Size: 53,579.00
Parking Spaces: 14
Parking Features: 11-20 Spaces, Improved Driveway, Paved Driveway
Construction: Frame
Railroad Siding: No
Roof Material: Shingle
Site Condition: Dry, Level, Improved
Sprinklers: No
Underground Tank: No
Location: Suburban, Rural, Free Standing, Highway Access
Utilities: Private Water, Private Sewer
Taxes
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $333,800
Condo Assoc.: No
Assessed Land Value: $128,400
Exchange: No
Gross Annual Expenses: $10,664
Mill Rate: $14
Gross Annual Income: $45,000
Taxes: $6,240
Tax Year: 2018
Lien and Encumbent: No
Net Operating Income: $34,336
Book/Page: 41367/56
Sublet: No
Plat Plan: Yes
Survey: Yes
Total Assesed Value: $462,200
Zone Description: Legal Conforming
 
Features
Office Sq. Ft.: 1,640
Office Units: 2
Residential Sq. Ft.: 3,024
Residential Units: 2
 
 
Additional
Exclusions: THE SINGLE-FAMILY HOME NEXT DOOR AT 84 DRESSER HILL RD IS ALSO FOR SALE. CALL FOR DETAILS.
Disclosure Declaration: No
Disclosure: 2 COMMERCIAL UNITS ON THE BOTTOM FLOOR & 2 RESIDENTIAL UNITS ON TOP. ALL TENANTS ARE MONTH-TO-MONTH LEASE. 3-BEDROOM UNIT IS CURRENTLY VACANT FOR POTENTIAL BUYER WHO MAY WANT TO OCCUPY PROPERTY. SHARED DRIVEWAY WITH 84 DRESSER HILL RD, WHICH IS ALSO LISTED FOR SALE. CALL FOR DETAILS.
For Lease: No
Space Available: For Sale
Map
The listing office is Keller Williams Realty Greater Worcester and the listing agent is George Goulas. 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 10/20/2018 10:35:00 AM.
 
George P. Goulas
George P. Goulas
MBA, Broker, ABR
KELLER WILLIAMS REALTY