Presenting a 17-unit mixed-use property located on Route 9 in downtown Spencer, Massachusetts, comprising 13 residential units and 4 commercial units. The property currently operates with strong occupancy — 10 of 13 residential units and 3 of 4 commercial units are tenant-occupied, generating rental income that supports the asking price at current rates. All leases are structured on a month-to-month basis, offering a prospective investor maximum flexibility to implement a value-add strategy through unit improvements, rent adjustments, and lease restructuring without the constraints of long-term tenant agreements. Situated along Spencer's primary commercial corridor with steady local foot traffic and convenient access to the greater Worcester area, this property presents a compelling opportunity for an investor seeking immediate cash flow with significant upside potential. Do not contact the residences or the business on property.
Recently renovated, with updated electrical & plumbing, this three-family dwelling sits across from Muzzy Meadow Pond. Ready for immediate occupancy. The residence incorporates three full bathrooms, six bedrooms, third floor unit has walkup attic with two extra rooms waiting to be finished. The culinary heart of this property features a meticulously designed kitchen, complete with elegant cabinets, updated countertops, and a tasteful backsplash, creating an inspiring environment for daily routines. Complementing the interior, a welcoming deck extends the living experience outdoors, offering a tranquil setting for enjoyment on the 3657 square feet lot. Parking for 3+ cars. This property, originally constructed in 1900, embodies enduring character. This property presents a truly remarkable opportunity for owner occupant or an investment. Convenient location, close to shopping, restaurants, schools, walking distance to downtown, 20 minutes to Worcester & 40 minutes to Springfield.
Spencer is located in Massachusetts. Spencer, Massachusetts has a population of 11,963. Spencer is less family-centric than the surrounding county with 25.3% of the households containing married families with children. The county average for households married with children is 31.47%.
The median household income in Spencer, Massachusetts is $68,559. The median household income for the surrounding county is $81,660 compared to the national median of $69,021. The median age of people living in Spencer is 47.9 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 14.3 degrees. The average rainfall is approximately 48.1 inches per year, with 58.4 inches of snow per year.
