West Broadway

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West Broadway

Gardner, MA 01440
Asking Price
$1.88M
Asset Type
Commercial Multifamily
Class
Class B

What's Special

0 Compass Lane, Gardner, MA 01440 <ul><li>​16 dwellings totaling 32 approved townhome units</li><li>​16 separately recorded lots served by a dedicated subdivision road</li><li>​Public sewer and public water</li><li>​Public road access via Compass Lane, a recorded right-of-way with the City of Gardner</li><li>​Rezoned to GR-3 (General Residence), the least restrictive residential district in Gardner, from prior Commercial II designation</li><li>​Subdivision approvals and zoning fully completed and recorded</li><li>​Shovel-ready w

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NOI
$80,000
Cap Rate
4.27%
DSCR
0.72
Underwater
Cash-on-Cash
-5.57%
Monthly Payment
$9,276.477
Annual Cash Flow
$-31,317.724

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