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114-118 Bourne St, Palmer MA 01080

$344,900

Estimated $1,113.08/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $172,450

Total Rent: 15000/year

Estimated CAP Rate: 2.42%

6 Bedrooms

3 Full Baths

2,872 SqFt

Total Parking: 4

59,677 SqFt

Looking for a multi-family OR an in-law situation? This home is for you! Many possibilities here and lots of updates already done! Situated on 1.37 acres with ample parking and an above ground swimming pool, this home offers 6-7 bedrooms and 3 full baths. Side #114 offers a lovely remodeled kitchen (2022) and remodeled full bath (2022), living room, 3 good size bedrooms and a three-season porch. A new boiler was installed in 2023. #118 offers a gorgeous eat-in kitchen with pantry, spacious dining room with Harman pellet stove, living room, 2 full baths, 3-4 bedrooms and plenty of room for storage. It also features a walk-up attic that can be redone for even more space. The roof is newer, all but 6 windows have been replaced, home is vinyl sided and the yard has vinyl fencing. MassSave added insulation throughout home in 2021. **Multiple offers in hand; Seller requests highest and best offers by 8pm Saturday, March 25**

This home has been viewed 26 times

Last Checked: May 7th, 2024 at 4:16am (Source: MLS PIN #73086849)

Gross Income: $15,000

Gross Expenses: $6,646

Net Income Calc: $8,354

CAP Rate: 2.42%

Annual Expenses for 114-118 Bourne St, Palmer MA 01080

Total Gross Expenses (Calculated)$6,646/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,646

Annual Income & Unit Breakdown for 114-118 Bourne St, Palmer MA 01080

Total Gross Income (Calculated)$15,000

Unit 1

Rental Income$1,250

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingYes

Rent Includes

General Information for 114-118 Bourne St, Palmer MA 01080

Listing ID73086849

Property TypeMulti Family / 2 Family

Price$344,900 ($120.09/SqFt)

Style2 Family - 2 Units Side By Side

CityPalmer

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,872 SqFt

Approximate Lot Size (Acres)1.37 acres

Total Parking4

Garage Parking

Year Built1840

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot, Cleared

Foundation Area

Foundation DescriptionBlock,Stone

Accessible Features

Outdoor Space

ZoningR

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 114-118 Bourne St, Palmer MA 01080

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$15,000

Total Net Income By Broker$15,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 114-118 Bourne St, Palmer MA 01080

Real Estate Taxes$6,646

Tax Year2023

Assessed Value$337,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$15,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$15,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.42%

Location Information for 114-118 Bourne St, Palmer MA 01080

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 114-118 Bourne St, Palmer MA 01080

Agent

Name: BeckyJean Thompson

Office

Name: Coldwell Banker Realty - Western MA

Phone: 413-567-8931

Payment Calculator

, Interest

Property Taxes 553.83

Principal & Interest 2125.16

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Western MA

BeckyJean Thompson

Agent Phone

Office Phone

(413) 567-8931

Text Agent Call Agent Call Office

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                )

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                    [modified] => 2024-05-07 04:16:25
                )

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                )

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                )

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                    [modified] => 2024-05-07 04:16:25
                )

[31] => Array
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                    [modified] => 2024-05-07 04:16:25
                )

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                    [modified] => 2024-05-07 04:16:25
                )

[33] => Array
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                    [modified] => 2024-05-07 04:16:25
                )

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                    [modified] => 2024-05-07 04:16:25
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                )

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                    [index] => 37
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                    [modified] => 2024-05-07 04:16:25
                )

)

)

EXIT