BEDS14
BATHS13 full
SQUARE FEET17,554
MLS#73492808
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Presenting a 17-unit mixed-use property located on Route 9 in downtown Spencer, Massachusetts, comprising 13 residential units and 4 commercial units. The property currently operates with strong occupancy ?? 10 of 13 residential units and 3 of 4 commercial units are tenant-occupied, generating rental income that supports the asking price at current rates. All leases are structured on a month-to-month basis, offering a prospective investor maximum flexibility to implement a value-add strategy through unit improvements, rent adjustments, and lease restructuring without the constraints of long-term tenant agreements. Situated along Spencer's primary commercial corridor with steady local foot traffic and convenient access to the greater Worcester area, this property presents a compelling opportunity for an investor seeking immediate cash flow with significant upside potential. Do not contact the residences or the business on property.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.38 Acres
Stories: 3.0
Taxes: $6,429
Year Built: 1900
Feature Descriptions
Building Area Total: 17554
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 24
Dwelling Type: 5+ Family - 5+ Units Up/Down
Lot Features: Corner Lot
Parcel Number: 1692781
Parking Total: 14
Rooms Total: 14
Sewer: Public Sewer
Units: 17
Water: Public
Listed By / Shown By
Listed By
Agency Name: NAI Glickman Kovago & Jacobs
Agency Phone: 508-753-9100
Agent Name: James Glickman
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 3,304.71 per month $2,448.12 Principal & Interest $535.75 Property Tax $320.83 Homeowner's Insurance
106 Main St | MLS# 73492808
This multi-family property located at 106 Main St, Spencer, MA 01562 is currently listed for sale with an asking price of $1,100,000. Search Spencer real estate on www.masiellogrouprealestate.com today.