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63 Chestnut Street

Spencer, MA 01562
$401,750
9 Beds
3 Baths
3,519 Living Area
  • Property Description
    Seeking a new investment property to add or begin creating your portfolio? Need a garage that can fit 4 cars? This 3 family offers 3 bedrooms in each unit and little exterior maintenance, making it an excellent investment opportunity. All 3 units are rented providing consistent cash flow. Longterm tenants who pay on time. Rents are below market value so added income can be established. Located close to downtown and with plenty of off-street parking on improved driveway. Updated gas heating systems, all appliances in each unit include refrigerators, dishwashers, built in microwaves, ranges AND in unit washers & dryers. All flooring is either laminate or hardwood, newer roofs on both building and garage. Separate utilities, town water and sewer. **Vinyl Siding Being Installed on front and right side of garage before closing** #67 Chestnut Street is the abutting property and also available to purchase together with this building or separately. #67 is a 4-unit property.
  • Highlights
    • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
    • Parking Spots: 6
    • Property Type: 3 Family - 3 Units Up/Down
    • Year Built: 1900
    • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
    • Property Class: Residential Income
    • Total Rooms: 15
    • Status: Closed
  • Additional Details
    • Appliances: Unit 1(Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer), Unit 2(Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer), Unit 3(Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer), Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
    • Construction: Frame
    • Exterior Features: Porch, Deck
    • Foundation: Stone, Brick/Mortar
    • Lot Features: Easements, Level
    • Roof: Shingle
    • Year Built Details: Approximate, Renovated Since
    • Zoning: R
    • Basement: Full, Unfinished
    • Exclusions: Tenant's Personal Property
    • Flooring: Vinyl, Laminate
    • Interior Features: Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen)
    • Road Frontage Type: Public
    • Total Number of Units: 3
    • Year Built Source: Public Records
  • Amenities
    • Community Features: Public Transportation, Park, Walk/Jog Trails, Laundromat, House of Worship, Public School, Sidewalks
    • Parking Features: Paved Drive, Shared Driveway, Off Street, Paved
    • Covered Parking Spaces: 2
    • Waterfront Features: Beach Front, Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Utilities
    • Electric: Circuit Breakers, 100 Amp Service, Common, Individually Metered
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $346,800
    • Compensation Based On: Net Sale Price
    • Taxes: $4,182
    • Buyer Agent Compensation: 2.5%
    • Tax Year: 2023
    • Total Rent: $4,400

Location

63 Chestnut Street, Spencer, MA 01562

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Cedar Wood Realty Group. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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