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

82 Dresser Hill Rd, Charlton, MA 01507

Multi-Family

$479,000
Price

4
Units
4,664
Approx. GLA
HUGE PROPERTY WITH 2 RESIDENTIAL UNITS & 2 COMMERCIAL 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 UNIQUE PROPERTY & GROW YOUR PORTFOLIO.
Open House
No scheduled Open Houses
Highlights
Basement Features: Full
List Price: $479,000
Type: Multi-Family
Multi-Family Type: 2 Family
Status: Active
Beds: 5
Baths: 2
Half Baths: 1
Units: 4
Year Built: 1988
Year Round: Yes
Approx. GLA: 4,664
MLS#: 72378446
 
 
Interior
Basement: Yes
Electric Features: Circuit Breakers
Heating Units: 1
Heating Zones: 4
Flooring: Wood, Wall to Wall Carpet
Energy: Insulated Windows, Insulated Doors
Hot Water: Electric
Rooms: 12
Lead Paint: None, Unknown
Total Floors: 3
Exterior
Water: No
Facing: East
Acres: 1.38
Lot Size: 60,010.00
Lot Description: Paved Drive, Easements, Shared Drive, Cleared, Level
Foundation: Poured Concrete
Foundation Size: 60 x 28
Garage Spaces: 2
Parking Spaces: 14
Parking Features: Off-Street, Paved Driveway
Road Type: Public, Paved
Color: TAN
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Exterior: Wood
Exterior Features: Stone Wall, Deck, Covered Patio/Deck, Gutters, Storage Shed, Professional Landscaping, Screens
Water: Private Water
Water: Private Water
Taxes
Short Sale Lender Approval: No
Title 5: Pass
Lender Owned: No
APOD Available: Yes
Assessed Price: $462,200
Taxes: $6,240
Tax Year: 2018
Book/Page: 41367/56
School
Grade School: Charlton Elem.
Middle School: Heritage Middle
High School: Shepard Hill
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $45,000
Gross Expenses: $10,664
Total Rent: $3,750
Net Income: $34,336
Heat Cost: $2,000
Insurance Cost: $1,224
R&M Cost: $1,200
 
Additional
Amenities: Medical Facility, Highway Access, House of Worship, Public School
Exclusions: THE SINGLE-FAMILY HOME NEXT DOOR AT 84 DRESSER HILL RD IS ALSO FOR SALE. CALL FOR DETAILS.
Disclosure Declaration: No
Disclosure: 2 RESIDENTIAL UNITS ON THE TOP FLOORS & 2 COMMERCIAL UNITS ON BOTTOM FLOOR. 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.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 3 0 1 1 0 No 1 $1,575
Unit 2 4 2 0 2 1 0 No 1 $1,075
Unit 3 2 0 0 1 0 1 Yes 1 $600
Unit 4 1 0 0 1 0 1 Yes 1 $350
Units Extras
Unit 1
Rent Includes:  Heat, Water  Cooling:  Other (See Remarks)  Applicances:  Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard, Oil  Interior:  Hardwood Floors, Wall to Wall Carpet, Ceiling Fans, Cable TV Available, Cathedral/Vaulted Ceilings  Rooms:  Living Room, Kitchen, Laundry 
Unit 2
Rent Includes:  Heat, Water  Cooling:  Other (See Remarks)  Applicances:  Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard, Oil  Interior:  Hardwood Floors, Wall to Wall Carpet, Ceiling Fans, Cable TV Available  Rooms:  Living Room, Kitchen, Laundry 
Unit 3
Rent Includes:  Water  Heating:  Hot Water Baseboard, Oil 
Unit 4
Rent Includes:  Water  Heating:  Hot Water Baseboard, Oil 
Common
Rooms:  Other (See Remarks) 
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