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$ 1,100,000
Est. payment /mo
Pending
106 Main St Spencer, MA 01562
14 Beds
13 Baths
17,554 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Pending
Purchase Type For Sale
Square Footage 17,554 sqft
Price per Sqft $62
MLS Listing ID 73492808
Bedrooms 14
Full Baths 13
Year Built 1900
Annual Tax Amount $6,429
Tax Year 2025
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property 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.
Location
State MA
County Worcester
Zoning C
Direction Downtown Spencer on Route 9 with easy access to Worcester and major highways nearby.
Exterior
Total Parking Spaces 14
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by NAI Glickman Kovago & Jacobs