Skip To Content

11 Conway St

Greenfield, MA 01301
  • $1,000,000
  • STATUS: Active
  • MLS #: 73051556
UPDATED: 19 min ago
$1,000,000
  • 12
    BEDS
  • 0.09
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 7,920
    SQFT
  • $126
    $/SQFT
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Listing courtesy of Deborah Cahillane of Jones Group Realtors®.

Description

LOOKING FOR A LUCRATIVE INVESTMENT PROPERTY, YOU'VE FOUND IT !!! With 12 units completely rented and a Cap Rate of 8.15% (with the opportunity to go up to 10.7%) this is a great property to add to your portfolio. All units are month to month rental agreements, tenants pay their own electric (separately metered). Gas for heat and hot water paid by landlord. Security deposits being held on all units. Vacancies are never a problem !! There have been no vacant months in the past 5 years (actually, much longer !) There is a large basement with a concrete floor and a number of separate rooms that could easily be made into tenant storage and/or laundry for extra income. Rubber roof installed 2002, new boiler 2014, newer hot water system, 200 amp service, 3 phase electrical. Very well maintained and in great condition. Seller prefers to sell both buildings as a package, see MLS 73051557, 7 Prospect Avenue (combined cap rate 8.27% up to 10%) This is in a Qualified Opportunity Zone !

Monthly Payment Calculator



The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-12-08T17:05:17.217.
www.nrgrealestate.com/homes/134228263
Print Image

11 Conway St Greenfield, MA 01301

  • Price: $1,000,000
  • Status: Active
  • On Site: Days
  • Updated: 19 min ago
  • MLS #: 73051556
12
Beds
12
Baths
0
½ Baths
0.09
Acres
7,920
SQFT
$126
$/SQFT
1920
Built
County:
Franklin
Property Description
LOOKING FOR A LUCRATIVE INVESTMENT PROPERTY, YOU'VE FOUND IT !!! With 12 units completely rented and a Cap Rate of 8.15% (with the opportunity to go up to 10.7%) this is a great property to add to your portfolio. All units are month to month rental agreements, tenants pay their own electric (separately metered). Gas for heat and hot water paid by landlord. Security deposits being held on all units. Vacancies are never a problem !! There have been no vacant months in the past 5 years (actually, much longer !) There is a large basement with a concrete floor and a number of separate rooms that could easily be made into tenant storage and/or laundry for extra income. Rubber roof installed 2002, new boiler 2014, newer hot water system, 200 amp service, 3 phase electrical. Very well maintained and in great condition. Seller prefers to sell both buildings as a package, see MLS 73051557, 7 Prospect Avenue (combined cap rate 8.27% up to 10%) This is in a Qualified Opportunity Zone !
Exterior Features

Color Brick Construction Materials Brick Covered Spaces 0 Frontage Length 49.00 Garage YN No Lot Features Level Open Parking YN Yes Parking Total 0 Patio And Porch Features Porch Road Frontage Type Public Road Responsibility Public Maintained Road Road Surface Type Paved Roof Tar/Gravel View City View(S) View YN Yes Waterfront YN No

Interior Features

Appliances Gas Water HeaterUtility Connections For Gas Range Basement FullPartially FinishedInterior EntryConcrete Building Area Total 7920 Cooling Units 0 Cooling Zones 0 Fireplace YN No Fireplaces Total 0 Flooring WoodVinylBambooHardwood Foundation Area 2720 Foundation Details StoneBrick/Mortar Heat Units 1 Heat Zones 1 Lead Paint Unknown Rooms Total 30 Window Features Insulated Windows

Property Features

Buyer Agency Compensation 2% Community Features Public TransportationShoppingPoolTennis Court(S)ParkWalk/Jog TrailsGolfMedical FacilityLaundromatBike PathConservation AreaHighway AccessHouse Of WorshipPrivate SchoolPublic SchoolSidewalks Disclosures This Is In A Qualified Opportunity Zone ! Thermostat Is In Unit 3. Porch Roof Easement. Possible Knob & Tube. Electric 200+ Amp Service Electric Expense 652 Gross Income 118620 Gross Scheduled Income 0 Insurance Expense 4558 Net Operating Income 81470 Operating Expense 37150 Property Sub Type 5-9 Family Sewer Public Sewer Tax Annual Amount 9127 Tax Year 2022 Total Actual Rent 9885 Transaction Broker Compensation 2% Utilities For Gas Range Water Sewer Expense 3664 Water Source Public Year Built Details Actual Year Round Yes Zoning Cc

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Deborah Cahillane of Jones Group Realtors®: 413-585-0400.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-12-08T17:05:17.217.
 
https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_73051556_2.jpg https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_73051556_2.jpg https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_73051556_2.jpg
Logo
NRG Real Estate Services, Inc.
813 Williams Street, Suite 211
Longmeadow MA, 01106
Listing courtesy of Deborah Cahillane of Jones Group Realtors®.