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Adam Dow

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

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106 Main St , Spencer, MA 01562
$1,100,000
Est. Payment: $2,444.44/mo
14 Bed
13 Bath
17554 Sqft
Status: Under Agreement | Days on site: 39
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AN2432 - K9500526
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House 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.

Highlights

Listed by James Glickman , 508-753-9100 NAI Glickman Kovago & Jacobs , 508-753-9100.

Property Type

Multi-Family

Lot/Acreage
0.38

Year Built

1900

County

Worcester

Listing ID

73492808

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:14
  • Bathrooms:13
  • Full Bathrooms:13
Water:Public

Exterior Features

Lot:Corner Lot
Garage Capacity:14
Zoning:C
Sewer:Public Sewer
Parking Features:Parking Spaces: 14
Principal Interest
$2,444
Taxes
$536

Home Price

$1,100,000

Loan Details

30 yrs
%

Down Payment

20%
$220,000
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Monthly Price:
$2,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,444.44 $535.75 $0.00 $2,980.19
Yearly $29,333.33 $6,429.00 $0.00 $35,762.33
Total $880,000.00 $192,870.00 $0.00 $1,072,870.00

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 (Spencer, 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.