Investment Analysis — 63 Pleasant Street

Spencer, MA 01562

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-unit multi-family in 01562 carries an estimated $3,340/mo in gross rent — about a 10.77% cap rate and $26,923/yr in estimated NOI at the $250,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

2,059

Style

2 Family - 2 Units Up/Down

Built

1900

Investors, rehabbers and buyers willing to roll up their sleeves, this two-family has the space, location and potential to make the work worthwhile. The first-floor unit has been comfortably lived in for decades and, while dated, offers an opportunity to update over time. Upstairs features a combination of finished space and unfinished projects, giving the next owner a head start on creating additional value. The third-floor attic was once finished but has been untouched for years. The attached two-story barn is in poor condition with compromised loft flooring and is NOT to be entered. Nearly 1.6 acres provide a surprisingly private, wooded backyard setting despite the convenience of a main-route location. Vinyl siding, plenty of outdoor space and walking distance to shopping and dining add to the appeal, with Worcester’s hospitals, colleges and amenities only about 10 minutes away. Property may not qualify for certain types of financing.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.