CCertihomes
8-12 Nichols St., Gardner, MA 01440

$565,000

6 beds 4 baths 7,024 sqft Built 192052 days on marketActive

About this home

Exceptional investment opportunity! This 4 unit plus commercial space multi-family is located 2 short blocks from Gardner Center. Excellent location. Across from the shell gas station. All four units have separate meters for gas and electric. This property has an unused first floor with 3, 000 square feet. First floor has major potential for commercial space or additional units. Big add value for any investor or owner occupant. All 4 units are fully rented. Monthly income is $4, 500. Current rents are under market and have room to meet market pricing. New Rubber roof was installed Jan, 2024. Heaters and hot water boilers have been replaced in the past 5 years. Don't miss this great opportunity!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$5,744/mo

Real estate (PITI + HOA + PMI)
$5,384
Principal + interest$3,643
Property tax + insurance$1,529
PMI / 2nd mortgage$212
Utilities
$723
Heating + cooling$200
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$107
Car insurance + maintenance$107
Other (entertainment)
$157
$5,744/mo TLC
Budget$6,244/mo
Remaining after TLC$500/mo
Purchase price
$565,000
Down payment
$28,250 (5%)
Loan amount
$536,750
APR
7.2%

Quick facts

Type
4 Family
Style
Year built
1920
Lot size
0.09 ac
Stories
10
Heating
Baseboard
Cooling
Water
Public
HOA
Annual tax
$8,745
MLS #
73217598
County
Worcester

Home features

Appliances
RangeRefrigerator
Interior
Ceiling Fan(s)StorageBathroom With Tub & ShowerOpen FloorplanLiving RoomKitchenLiving RM/Dining RM Combo
Parking
Off Street
Flooring
Carpet
Roof
Rubber
Sewer
Public Sewer

Lot features

Level

Neighborhood — 01440

MetricThis ZIPCountyUSA
Population28,6786,444,931299,088,112
Population Change Since19909.00%7.00%20.00%
Population Density1,056786
Male14,7643,127,134147,432,321
Female13,9153,317,797151,655,844
Never Married5,8861,612,88563,775,926
Married11,2492,586,314123,120,365
Separated1,669247,85712,639,686
Widowed1,828363,59415,467,586
Divorced2,456436,88823,075,029
Number Of House Hold10,9142,431,591111,826,380
Average House Hold Size2.522.562.60
Medial Age37.3137.2535.46
Median House Hold Income$47,640$57,698$48,276
Average House Hold Income$55,220$75,023$63,629
P C I$22,403$29,196$24,529
M D I$40,690$48,105$41,133
A T H E$46,651$57,083$50,898
S T R5.00%5.00%
W C J80.01%81.38%77.74%
(Zip) Code
1440

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 3/29/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.