Investor opportunity! 7 unit in a quiet dead end street neighborhood near shops and services . Great cash flow with $9700 per month rent. Over $116,000 annual. Strong rental history. This can be purchased along with 15 Oriole as part of an 11 unit portfolio. The third level is unfinished and has been opened up to add 2-3 more apartments which could produce an additional $4-5k in monthly rent income. Units are in good condition, 2 units recently renovated. Tenants pay their own electricity and heat. Electrical service was upgraded in 2012 to 9 meters. Hardwired smoke alarm, 7 apartment and one “house” circuit breaker panels. Propane conversion and new HTP Hot water tank in 2018. Plenty of parking for tenants. Buyer to do own due diligence.
16-18 Oriole, Gardner, MA, 01440
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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