Winchendon Investment Property

[Austin Jameson]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $195,000

Property Overview - 383 Central St, Winchendon, MA 01475 is a multi family home built in 1895.

According to the Winchendon public records, the property at 383 Central St, Winchendon, MA 01475 has approximately 4,736 square feet, 8 beds and 3 baths with a lot size of 0.56 acres. Nearby schools include Toy Town Elementary School, Murdock Academy For Success School and Murdock High School.

What made you interested in investing in this type of deal?

Honestly, the house is one of a kind with all the custom wood work and a TON of room throughout the whole house, ot including the living space!!

How did you find this deal and how did you negotiate it?

Found the deal posted online and we gave the seller what they were asking.

How did you finance this deal?

401K withdrawal (not a good idea, not it worked haha)

How did you add value to the deal?

Remodeled entire house. The new roof was a HUGE expense!!!! 68 square roof!

What was the outcome?

It's an amazing house that is a one of a kind!!!!!