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7 Prospect Ave

Greenfield, MA 01301
  • $700,000
  • STATUS: Active
  • MLS #: 73051557
UPDATED: 48 min ago
$700,000
  • 8
    BEDS
  • 0.2
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,769
    SQFT
  • $121
    $/SQFT
Type:
Multi-Family
Built:
1900
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 6 units completely rented and a Cap Rate of 8.4% (with the opportunity to go up to 9%) this is a great property to add to your portfolio. All units are month to month rental agreements, tenants pay their own electric and gas for their hot water heaters (separately metered). Gas for heat paid by landlord. Security deposits being held on all units. Vacancies are never a problem !! There has been one vacant month in the past 5 years for renovations, that's it ! There is a large basement with a concrete floor that could easily be made into tenant storage and/or laundry for extra income. Unit's 3 & 5 are very large and 3 bedrooms may be possible? Rubber roof main 2005; small 2022, new boiler 2017, hot water heaters vary 2017 - 2021. Very well maintained and in great condition. Seller prefers to sell both buildings as a package, see MLS 73051556, 11 Conway St (combined cap rate 8.27% up to 10%) Qualified Opportunity Zone

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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 2022-12-08T18:05:36.03.
www.nrgrealestate.com/homes/134228264
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7 Prospect Ave Greenfield, MA 01301

  • Price: $700,000
  • Status: Active
  • On Site: Days
  • Updated: 48 min ago
  • MLS #: 73051557
8
Beds
6
Baths
0
½ Baths
0.2
Acres
5,769
SQFT
$121
$/SQFT
1900
Built
County:
Franklin
Property Description
LOOKING FOR A LUCRATIVE INVESTMENT PROPERTY, YOU'VE FOUND IT !!! With 6 units completely rented and a Cap Rate of 8.4% (with the opportunity to go up to 9%) this is a great property to add to your portfolio. All units are month to month rental agreements, tenants pay their own electric and gas for their hot water heaters (separately metered). Gas for heat paid by landlord. Security deposits being held on all units. Vacancies are never a problem !! There has been one vacant month in the past 5 years for renovations, that's it ! There is a large basement with a concrete floor that could easily be made into tenant storage and/or laundry for extra income. Unit's 3 & 5 are very large and 3 bedrooms may be possible? Rubber roof main 2005; small 2022, new boiler 2017, hot water heaters vary 2017 - 2021. Very well maintained and in great condition. Seller prefers to sell both buildings as a package, see MLS 73051556, 11 Conway St (combined cap rate 8.27% up to 10%) Qualified Opportunity Zone
Exterior Features

Color Gray Construction Materials Frame Covered Spaces 0 Frontage Length 84.00 Garage YN No Lot Features EasementsAdditional Land Avail.ClearedLevel Open Parking YN Yes Parking Features Paved DriveShared DrivewayOff StreetAssignedPaved Parking Total 0 Patio And Porch Features Porch Road Frontage Type Public Road Responsibility Public Maintained Road Road Surface Type Paved Roof Rubber View City View(S)Scenic View(S) View YN Yes Waterfront YN No

Interior Features

Appliances Gas Water HeaterTank Water HeaterUtility Connections For Gas RangeUtility Connections For Electric Range Basement FullBulkheadConcreteUnfinished Building Area Total 5769 Cooling Units 0 Cooling Zones 0 Fireplace YN No Fireplaces Total 0 Flooring VinylHardwood Foundation Area 1806 Foundation Details Brick/Mortar Heat Units 1 Heat Zones 1 Lead Paint Unknown Rooms Total 25 Window Features Insulated Windows

Property Features

Buyer Agency Compensation 2% Community Features Public TransportationShoppingTennis Court(S)ParkWalk/Jog TrailsMedical FacilityLaundromatConservation AreaHighway AccessHouse Of WorshipPrivate SchoolPublic School Disclosures This Is In A Qualified Opportunity Zone ! Thermostat Is In Unit 6. Possible Knob & Tube. Electric Individually Metered Electric Expense 486 Gross Income 86100 Gross Scheduled Income 0 Insurance Expense 3172 Net Operating Income 59074 Operating Expense 27026 Property Sub Type 5-9 Family Sewer Public Sewer Tax Annual Amount 7368 Tax Year 2022 Total Actual Rent 7175 Transaction Broker Compensation 2% Utilities For Gas RangeFor Electric Range Water Sewer Expense 1064 Water Source Public Year Built Details Actual Year Round Yes Zoning Ra

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 2022-12-08T18:05:36.03.
 
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Listing courtesy of Deborah Cahillane of Jones Group Realtors®.