Description
Highest and best due 4/25 by noon. this property is a turnkey 5 unit building near downtown Winchendon. Its Comprised of 3/1, 2/1, 2/1, 1/1. 1/1, apartments, and has the potential of bringing in market monthly rents of over $5k per month. This property has a mixture of long term tenants and new. 2 units have been remodeled and are being left vacant for owner occupancy potential. The building has seen a large number of capital improvements over the years and cost saving measures including, some upgraded windows to vinyl replacement, electrical upgrades, new roof, Mass save insulation program, and much more. While room for additional income exists, a gross income of $58,000.00 with low operating expenses, makes this a great investment for someone looking for a stable building that produces a solid return. Current ROI is 10%. Property has extra unfinished space that with town approval may be able to house more units. building offers coin op laundry area.
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