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34 School St, South Hadley MA 01075

$399,500

Estimated $1,039.29/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $99,875

Total Rent: 30000/year

Estimated CAP Rate: 3.82%

7 Bedrooms

4 Full Baths

2,880 SqFt

Total Parking: 4

10,785 SqFt

Great Find!! Come check out this rare four family in South Hadley. Owner is retiring, now you can add this one to your portfolio; separate utilities, vinyl siding, updated electrical, slate roof. Large rear yard could be used for extra owner storage or to build a garage for increased rental income. Potential for huge walk up third floor area that used to be finished and added for additional living space! Rents could be higher and some deferred maintenance, but great potential here. Owner occ. can work as one unit is vacant.

This home has been viewed 26 times

Last Checked: May 7th, 2024 at 3:31am (Source: MLS PIN #73076809)

Gross Income: $30,000

Gross Expenses: $14,737

Net Income Calc: $15,263

CAP Rate: 3.82%

Annual Expenses for 34 School St, South Hadley MA 01075

Total Gross Expenses (Calculated)$14,737/year

APOD AvailableYes

Heating

Electricity$500

Water$1,850

Gas$1,850

Insurance$4,389

Sewer$1,850

Trash Removal$1,500

Repair & Maintenance

Management$1,800

Miscellaneous

Real Estate Tax$4,698

Annual Income & Unit Breakdown for 34 School St, South Hadley MA 01075

Total Gross Income (Calculated)$30,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 2

Rental Income$975

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$750

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$775

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 34 School St, South Hadley MA 01075

Listing ID73076809

Property TypeMulti Family / 4 Family

Price$399,500 ($138.72/SqFt)

Style4 Family

CitySouth Hadley

CountyHampshire

MLS Area

Neighborhood(s)

Approximate Living Area Total2,880 SqFt

Approximate Lot Size (Acres)0.25 acres

Total Parking4

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Stone

Lot Features

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 34 School St, South Hadley MA 01075

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureDoes not include large walk up attic/previous livi

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$10,039

Total Gross Income By Broker$30,000

Total Net Income By Broker$22,350

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 34 School St, South Hadley MA 01075

Real Estate Taxes$4,698

Tax Year2023

Assessed Value$267,700

Financial Data SourceEstimated

Total Gross Expenses By Broker$10,039

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$30,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$22,350

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.82%

Location Information for 34 School St, South Hadley MA 01075

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 34 School St, South Hadley MA 01075

Agent

Name: Dominic Maloni

Office

Name: Legacy Real Estate

Phone: 413-531-1215

Team Members

Payment Calculator

, Interest

Property Taxes 391.5

Principal & Interest 2461.59

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Legacy Real Estate

Dominic Maloni

Agent Phone

Office Phone

(413) 531-1215

Text Agent Call Agent Call Office

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[terms] => Array
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EXIT

Closed

34 School St, South Hadley MA 01075

$399,500

Annual Expenses for 34 School St, South Hadley MA 01075

Annual Income & Unit Breakdown for 34 School St, South Hadley MA 01075

General Information for 34 School St, South Hadley MA 01075

Disclosures for 34 School St, South Hadley MA 01075

Financial Information for 34 School St, South Hadley MA 01075

Location Information for 34 School St, South Hadley MA 01075

Contact Information for 34 School St, South Hadley MA 01075

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Legacy Real Estate

Dominic Maloni