11 Main Winchendon, MA 01475

This 6 unit building has great potential. 2 units are ready to rent. Another needs bath & kitchen and and a 5th has new kitchen and bath but needs flooring and interior paint. Unit six is gutted to the studs so needs everything but this is a 6-7 rooms 4 bed Town House style unit. This unit can rent for $1250.The building inspector is requiring a sprinkler system put in and I have a quote for $23,500. He also wants a landing for second means of egress across the entire back of the unit, This will require removing a few windows and adding doors. Needs electrical & pluming upgrades, needs house meter. So for about $160-200k in repairs this building will bring in $5,700 per month, over $68,000 per year. 5x$900&$1200=$5,700.Market value will be about $420,000-$450,000. All units have electric heat. 3units have stand up shower.12 new replacement windows as well as several baseboard heaters on site.. SOLD AS IS.. Great rehab project that I could not get funding to finish.10 off street parking