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649 S Summer St Holyoke, MA 01040
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Key Details
Sold Price $565,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 11,004 sqft
Price per Sqft $51
MLS Listing ID 72396855
Sold Date 01/18/19
Bedrooms 25
Full Baths 10
Year Built 1910
Annual Tax Amount $6,066
Tax Year 2018
Lot Size 6,534 Sqft
Acres 0.15
Property Description
A MONEY MAKER!!! Great up dates have been done to this very clean building, up dated heating systems and electrical updates just to name a couple. A great area quiet for this 10 unit block, lead certs for all units. This building comes with a full adjacent parking lot to the right plus a great 3 car garage. The monthly rents are 7,850 for a total this year of 94,200. The left side of this building has a legal commercial building lot which can be sold with this building which is listed for 29,900. The units in this building are in good condition with left side all 2 bedrooms and the right side all 3 bedrooms. A nice fenced in area in the back. This building is right behind the 10 unit that just sold for 585,000 with the same owner. With the rents as they we have a great cap rate of almost 12%. Take a drive by the corner of South Canal & South Summer, a great building in a great location.
Location
State MA
County Hampden
Zoning IG
Direction 391 Main Street exit then first right down on the left
Rooms
Basement Full
Interior
Appliance Gas Water Heater
Exterior
Garage Spaces 3.0
Community Features Highway Access, House of Worship
Roof Type Rubber
Total Parking Spaces 10
Garage Yes
Building
Lot Description Cleared, Level
Story 9
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Read Less
Bought with David Roffo • Prime Real Estate