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$ 2,800,000
Est. payment | /mo
22 Baths
6,696 SqFt
$ 2,800,000
Est. payment | /mo
22 Baths
6,696 SqFt
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 6,696 sqft
Price per Sqft $418
MLS Listing ID 73534182
Full Baths 22
Year Built 1965
Annual Tax Amount $16,555
Tax Year 2026
Lot Size 0.680 Acres
Acres 0.68
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
22-unit studio apartment building with strong cash flow and value-add potential. T-12 through May 2026 reflects approximately $189,000 NOI. Property features numerous upgrades, including plank flooring, LED lighting, composite decking, and four sets of coin-operated laundry equipment generating additional income. Opportunity exists to further increase revenue through operational improvements, potential heat pump installation, and possible expansion of basement space (subject to buyer verification, permits, and approvals).Property appraised at approximately $2.5M in 2023 prior to subsequent improvements and rent growth initiatives. Located in a desirable rental market with limited multifamily inventory. Seller financing, hard money, sale-leaseback, and other creative structures may be considered.
Location
State MA
County Hampden
Zoning res
Direction Walnut to Dwight
Exterior
Community Features Public Transportation, Park
Roof Type Shingle
Total Parking Spaces 28
Garage No
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Premier Choice Realty