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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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4-12 Parker St , Gardner, MA 01440
$1,400,000
Est. Payment: $3,111.11/mo
12 Bed
20 Bath
15716 Sqft
Status: Active | Days on site: 5
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AN9457 - TM361776
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House Description

Rare opportunity to acquire and complete a significant mixed-use redevelopment project in the heart of Downtown Gardner. This prominent 13,000+ SF historic building has approved plans for 16 residential units and 4 street-level commercial units, offering an investor or developer the opportunity to step into an established redevelopment project with substantial pre-development and early construction work already completed.Residential redevelopment is by-right, with construction design and plans already in place. Considerable work has been completed or advanced, including a new roof, new windows, exterior siding work and significant residential framing. A new utility transformer has also been installed, with electrical supplies and equipment on site.Located within one of Gardner’s federally designated Opportunity Zone tracts and the Downtown Urban Renewal Plan Area, the property is positioned within an area benefiting from continued private reinvestment along with municipal and state-supported economic development initiatives and public improvements.An opportunity to take over a well-advanced redevelopment project and bring 16 new residential units and four commercial spaces to Downtown Gardner. Property and project information is preliminary and subject to buyer verification and due diligence.

Highlights

Listed by Candor Investment Group , 978-710-5616 eXp Realty LLC , 888-854-7493.

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1900

County

Worcester

Listing ID

73575841

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:12
  • Bathrooms:20
  • Full Bathrooms:20
Water:Public

Exterior Features

Lot:Corner Lot,Level
Garage Capacity:0
Zoning:C1
Roof:Rubber
Sewer:Public Sewer
Principal Interest
$3,111
Taxes
$979

Home Price

$1,400,000

Loan Details

30 yrs
%

Down Payment

20%
$280,000
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Monthly Price:
$3,111.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,111.11 $978.75 $0.00 $4,089.86
Yearly $37,333.33 $11,745.00 $0.00 $49,078.33
Total $1,120,000.00 $352,350.00 $0.00 $1,472,350.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Gardner, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.