99 Lakeshore Drive Spencer — Photo 1 of 42
$735,000
Investment Analysis — 99 Lakeshore Drive
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 3.53% cap rate and $25,975/yr in estimated NOI at the $735,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,096
Style
Multi Family
Built
1945
Rare waterfront opportunity on Thompson Pond! Two Single family homes, over four private acres and an incredible 470 feet of lake frontage on fully recreational, 116 acre Thompson Pond! Tucked away at the end of a private driveway with plenty of parking, this unique property offers endless possibilities. The cottage was built in 1945 and the A-frame which has been completely renovated, built in 1979. Enjoy year round lake living ~ boating, fishing, swimming, kayaking and more right outside your door. Create a family compound, use one for guests or extended family or explore the potential for rental income. A spacious basement with high ceilings and propane heat for additional usable space. White cottage has three mini splits and a wood stove while the A-frame has a propane wall heater.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Listing Agent: Mary Stolarczyk
Listing Office: RE/MAX Vision
MLS® Number: 73570360