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293-299 Clemente St, Holyoke MA 01040

$800,000

Estimated $1,557.92/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $88,888.89

Total Rent: 48000/year

Estimated CAP Rate: 5.61%

18 Bedrooms

6 Full, 6 Half Baths

14,532 SqFt

Total Parking: 18 (9 Garage)

8,912 SqFt

Attention Investors! Check out this opportunity to own a 9-Unit building in Holyoke! The building is fully occupied! The property features (6) 3-bedroom apartments and 3 store fronts. Store fronts are a Church, Hall, and Bar. Each unit has its own separate gas heating systems. The roof was replaced last year along with the chimney repointed. The property has been maintained throughout the years and is a great opportunity for investors looking for a value-add property in this growing Holyoke MA market!

This home has been viewed 69 times

Last Checked: May 30th, 2024 at 4:18am (Source: MLS PIN #73224035)

Gross Income: $48,000

Gross Expenses: $3,128

Net Income Calc: $44,872

CAP Rate: 5.61%

Annual Expenses for 293-299 Clemente St, Holyoke MA 01040

Total Gross Expenses (Calculated)$3,128/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,128.64

Annual Income & Unit Breakdown for 293-299 Clemente St, Holyoke MA 01040

Total Gross Income (Calculated)$48,000

Unit 1

Rental Income$1,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 293-299 Clemente St, Holyoke MA 01040

Listing ID73224035

Property TypeMulti Family / 5+ Family

Price$800,000 ($55.05/SqFt)

Style5-9 Family

CityHolyoke

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total14,532 SqFt

Approximate Lot Size (Acres)0.2 acres

Total Parking18 (9 Garage)

Garage Parking9 / Detached

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningIG

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 293-299 Clemente St, Holyoke MA 01040

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$34,131

Total Gross Income By Broker$111,504

Total Net Income By Broker$77,372

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator CompensationTBD

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 293-299 Clemente St, Holyoke MA 01040

Real Estate Taxes$3,128.64

Tax Year2024

Assessed Value$165,100

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$34,131

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$111,504

BostonRealEstate.com Gross Income

Total Net Income By Broker$77,372

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.61%

Location Information for 293-299 Clemente St, Holyoke MA 01040

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Shopping, Laundromat, Public Transportation

Contact Information for 293-299 Clemente St, Holyoke MA 01040

Agent

Name: James Charles

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Team Members

Payment Calculator

, Interest

Property Taxes 260.72

Principal & Interest 4929.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

James Charles

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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EXIT

Withdrawn

293-299 Clemente St, Holyoke MA 01040

$800,000

Annual Expenses for 293-299 Clemente St, Holyoke MA 01040

Annual Income & Unit Breakdown for 293-299 Clemente St, Holyoke MA 01040

General Information for 293-299 Clemente St, Holyoke MA 01040

Disclosures for 293-299 Clemente St, Holyoke MA 01040

Financial Information for 293-299 Clemente St, Holyoke MA 01040

Location Information for 293-299 Clemente St, Holyoke MA 01040

Contact Information for 293-299 Clemente St, Holyoke MA 01040

Agent

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Exclusive Listing Agent

Lock and Key Realty Inc.

James Charles