$360,000 · GARDNER, MA 01440
Works for flippers · Works for landlords

Available

$360,000Asking price

5 bd · 2 ba · 3,213 sq ft · built 1870

GARDNER, MA 01440

via InvestorLift Classic

3 views · listed 2 days ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $650,000
Asking price: −$360,000
RepairsMiddle of the seller’s $60,000 – $100,000. Ours: $101,500 – $182,500: −$80,000
Loan, holding, closing20% down, 12% interest, 2 points, 92 days: −$44,771
Profit25.4% of ARV · flippers want 10%+: $165,229
Works

Works for a flipper up to $453,000.

ECOLOGIC TEAM

Diego L.

No reviews yet

Comps

Sales

Rents

ARV $650,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $457,000.

The sales behind this value are shown to members.

ARV $650,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ECOLOGIC TEAM

Diego L.

No reviews yet

Seller Description

5 Bedrooms | 2 Bathrooms
3,213 Sq Ft | 0.25-Acre Lot
Built in 1880
Three-Story Single-Family Home
Multifamily and Commercial Zoning
Potential Conversion into 2 Units, with Possible 3rd Unit by Finishing the Attic
Unfinished Attic with Windows and Potential Usable Ceiling Height
Full Basement with Workshop Area
Large Detached Barn Currently Used for Storage
Updated Water Heater and Some Plumbing
Public Water and Sewer
Above-Ground Pool (Likely Requires Removal)

Estimated ARV: $650,000–$700,000 | Estimated Rehab: $60,000–$100,000

Rare value-add opportunity in Gardner featuring a spacious 3,213 Sq Ft structure with multifamily and commercial zoning. The existing layout may support conversion into two separate units, with additional upside through the unfinished attic, potentially allowing for a third unit. The basement offers further possibilities for additional usable space, while the large rear barn could potentially be removed to accommodate a garage, additional units, or new construction.

Multiple investment strategies are available, including multifamily conversion, attic expansion, and potential commercial use. All options are subject to zoning verification, permits, building codes, and local approvals.

Buyer to independently verify unit-conversion feasibility, permitted uses, property condition, renovation costs, comparable sales, and projected ARV.

We Offer Hard Money Loans.

For more information please contact us at (321) 450-3472