Great opportunity to purchase this fully rented 2 family home only 7 minutes from downtown Westfield. Large units! First floor has 3/4 bedrooms and 1 bath, 2nd floor is a 2-floor unit, one floor has 3 bedrooms and 2nd (3rd flr) has 2-bedroom, 2nd unit has two full baths. This home has so much character with original woodwork, built-ins, hardwoods throughout, units have a large kitchen(s) with dishwashers and pantries, and formal dining room option(s). Roof 1 year old, newer windows (2nd flr), plumbing and electrical est. 10 years old (APO). Separate utilities, and separate storage and laundry hookups in basement. Stunning views of the water fall which you can listen to from the enclosed sunporch in each unit. The historical bridge is scheduled to be restored. 2nd and 3rd floor de-leaded. Rare opportunity to own a great investment in a small community. 1st floor lease is up in March, 2nd floor in July.
This home has been viewed 21 times
Last Checked: May 7th, 2024 at 4:50am (Source: MLS PIN #73075191)
Gross Income: $29,400
Gross Expenses: $3,544
Net Income Calc: $25,856
CAP Rate: 9.08%
Annual Expenses for 84 Valley View Ave, Russell MA 01071
Total Gross Expenses (Calculated)$3,544/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$3,544
Annual Income & Unit Breakdown for 84 Valley View Ave, Russell MA 01071
Total Gross Income (Calculated)$29,400
Unit 1
Rental Income$1,000
LeaseY
Bedrooms3
Bathrooms3 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water)
Unit 2
Rental Income$1,450
LeaseY
Bedrooms5
Bathrooms5 Full
Floor2
Levels in Unit2
HeatingYes
Rent IncludesUnit 1(water)
General Information for 84 Valley View Ave, Russell MA 01071
Listing ID73075191
Property TypeMulti Family / 2 Family
Price$284,900 ($107.35/SqFt)
Style2 Family - 2 Units Up/down
CityRussell
CountyHampden
MLS Area
Neighborhood(s)
Approximate Living Area Total2,654 SqFt
Approximate Lot Size (Acres)0.16 acres
Total Parking6
Garage Parking
Year Built1910
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
Zoning0
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 84 Valley View Ave, Russell MA 01071
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureSome bedrooms without closets
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$29,400
Total Net Income By Broker$29,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 84 Valley View Ave, Russell MA 01071
Real Estate Taxes$3,544
Tax Year2022
Assessed Value$178,100
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$29,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$29,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)9.08%
Location Information for 84 Valley View Ave, Russell MA 01071
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 84 Valley View Ave, Russell MA 01071