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7 Prospect Ave Greenfield, MA 01301
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Key Details
Sold Price $670,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,769 sqft
Price per Sqft $116
MLS Listing ID 73051557
Sold Date 03/07/23
Bedrooms 8
Full Baths 6
Year Built 1900
Annual Tax Amount $7,368
Tax Year 2022
Lot Size 8,712 Sqft
Acres 0.2
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
Location
State MA
County Franklin
Zoning RA
Direction From Route 91, MA-2A East to Greenfield, Right on Hope St, Left on Prospect St, Right on Prospect Av
Rooms
Basement Full, Bulkhead, Concrete, Unfinished
Interior
Flooring Vinyl, Hardwood
Appliance Gas Water Heater, Tankless Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
Exterior
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School
Utilities Available for Gas Range, for Electric Range
View Y/N Yes
View City View(s), Scenic View(s)
Roof Type Rubber
Garage No
Building
Lot Description Easements, Additional Land Avail., Cleared, Level
Story 5
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
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Bought with Mark Carmien • Maple and Main Realty, LLC