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7 Prospect Ave, Greenfield MA 01301

$700,000

Estimated $1,749/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $116,666.67

Total Rent: 60300/year

Estimated CAP Rate:

8 Bedrooms

Baths

5769

Total Parking: 0

8,712 (0.20)

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

This home has been viewed 48 times

Last Checked: May 7th, 2024 at 12:26am (Source: MLS PIN #73051557)

Gross Income: $60,300

Gross Expenses: $27,026

Net Income Calc: $33,274

Water Views

Annual Expenses for 7 Prospect Ave, Greenfield MA 01301

Total Gross Expenses (Calculated)$27,026/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7368

Annual Income & Unit Breakdown for 7 Prospect Ave, Greenfield MA 01301

Total Gross Income (Calculated)$60,300

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 7 Prospect Ave, Greenfield MA 01301

Listing ID73051557

Property TypeMulti Family / 5+ Family

Price700000 ($121.34/SqFt)

Style5-9 Family

CityGreenfield

CountyFranklin

Neighborhood(s)

Approximate Living Area Total5769

Approximate Lot Size (Acres)0.2

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area1806

Foundation Description

Accessible Features

Outdoor Space

ZoningRA

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 7 Prospect Ave, Greenfield MA 01301

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation2%

Compensation Based OnNet Sale Price

Financial Information for 7 Prospect Ave, Greenfield MA 01301

Real Estate Taxes7368

Tax Year2022

Assessed Value$341,400

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 7 Prospect Ave, Greenfield MA 01301

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 7 Prospect Ave, Greenfield MA 01301

Agent

Name: Deborah Cahillane

Office

Name: Jones Group REALTORS®

Phone: 413-585-0400

Payment Calculator

, Interest

Property Taxes 614

Principal & Interest 4313.18

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Jones Group REALTORS®

Deborah Cahillane

Agent Phone

Office Phone

(413) 585-0400

Text Agent Call Agent Call Office

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EXIT

9 More Photos

Closed

7 Prospect Ave, Greenfield MA 01301

$700,000

Annual Expenses for 7 Prospect Ave, Greenfield MA 01301

Annual Income & Unit Breakdown for 7 Prospect Ave, Greenfield MA 01301

General Information for 7 Prospect Ave, Greenfield MA 01301

Disclosures for 7 Prospect Ave, Greenfield MA 01301

Financial Information for 7 Prospect Ave, Greenfield MA 01301

Location Information for 7 Prospect Ave, Greenfield MA 01301

Contact Information for 7 Prospect Ave, Greenfield MA 01301

Agent

Office

Payment Calculator

Exclusive Listing Agent

Jones Group REALTORS®

Deborah Cahillane