Sold
7 Prospect Ave, Greenfield, MA
Greenfield · MA 01301
- $670,000
- Price
- 8
- Beds
- 6
- Baths
- 5769
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
6 Units
Lot size:
8,712 Sq.Ft Lot
Price per square foot:
$121 / Sq.Ft
Parking:
No Parking
About this home
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
Neighborhood & Transit
7 Prospect Ave, Greenfield · MA 01301
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 1336 days
- Listing Price:
- $700,000
- Price per Sq.Ft:
- $121
- Tax Assessment:
- $341,400 in 2022
- Taxes:
- $614 / Monthly
Home Facts
Interior Features
- Bedrooms
- 8
- Full Bathrooms
- 6
- Half Bathrooms
- 0
- Living Area
- 5,769 Sq.Ft
- Broker Disclosure about Living Area
- One 3 bedroom unit and Five 1 bedroom units
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 5769
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Individually Metered
Exterior Features
- Lot Size
- 8,712 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Deborah Cahillane
- Listing office
- Jones Group REALTORS®
- MLS PIN #
- 73051557
- Disclosure
- This is in a Qualified Opportunity Zone !
- Disclosure
- One 3 bedroom unit and Five 1 bedroom units