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Closed

694 Main Street, Amherst MA 01002

$825,000

Estimated $2,068.73/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $275,000

Total Rent: 60000/year

Estimated CAP Rate: 5.58%

10 Bedrooms

3 Full Baths

3,015 SqFt

Total Parking: 7

17,424 SqFt

Rare opportunity to purchase a three family home in excellent condition. Separate utilities for each unit with electricity as well as natural gas for the range, hot water baseboard heating and hot water supply. House includes a decorative front porch, back porch and decks on the second and third floors. Well maintained and well insulated with a very good track record for tenants. Close to Amherst Center, Amherst College and UMass and a few steps from the bus route. Plenty of parking and located on a corner lot. The three units already have signed leases for the next school year! The only showings to be at the Open House, Sunday April 23rd between 1:00-3:00 PM. All offers due by noon on Tuesday April 25.The seller reserves the right to accept an offer prior to deadline.

This home has been viewed 44 times

Last Checked: May 7th, 2024 at 6:01am (Source: MLS PIN #73101094)

Gross Income: $60,000

Gross Expenses: $13,972

Net Income Calc: $46,028

CAP Rate: 5.58%

Annual Expenses for 694 Main Street, Amherst MA 01002

Total Gross Expenses (Calculated)$13,972/year

APOD AvailableNo

Heating

Electricity

Water$1,200

Gas$1,200

Insurance$3,000

Sewer$1,200

Trash Removal$1,000

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,772

Annual Income & Unit Breakdown for 694 Main Street, Amherst MA 01002

Total Gross Income (Calculated)$60,000

Unit 1

Rental Income$2,000

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit0

HeatingYes

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

Unit 2

Rental Income$2,000

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

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

Unit 3

Rental Income$1,000

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

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

General Information for 694 Main Street, Amherst MA 01002

Listing ID73101094

Property TypeMulti Family / 3 Family

Price$825,000 ($273.63/SqFt)

Style3 Family - 3 Units Up/down

CityAmherst

CountyHampshire

MLS Area

Neighborhood(s)

Approximate Living Area Total3,015 SqFt

Approximate Lot Size (Acres)0.4 acres

Total Parking7

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot

Foundation Area1000

Foundation DescriptionStone,Granite

Accessible Features

Outdoor Space

ZoningRes

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 694 Main Street, Amherst MA 01002

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated, Owner, Not Available

Total Gross Expenses By Broker$5,200

Total Gross Income By Broker$60,000

Total Net Income By Broker$54,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 694 Main Street, Amherst MA 01002

Real Estate Taxes$8,772

Tax Year2023

Assessed Value$436,400

Financial Data SourceEstimated, Owner, Not Available

Total Gross Expenses By Broker$5,200

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$60,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$54,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.58%

Location Information for 694 Main Street, Amherst MA 01002

Elementary SchoolAmherst

Middle SchoolAmherst

High SchoolAmherst

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Public School, Shopping, Park, Bike Path, Public Transportation, University

Contact Information for 694 Main Street, Amherst MA 01002

Agent

Name: Roy Johnson

Office

Name: Jones Group REALTORS®

Phone: 413-549-3700

Payment Calculator

, Interest

Property Taxes 731

Principal & Interest 5083.39

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Jones Group REALTORS®

Roy Johnson

Agent Phone

Office Phone

(413) 549-3700

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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EXIT

Closed

694 Main Street, Amherst MA 01002

$825,000

Annual Expenses for 694 Main Street, Amherst MA 01002

Annual Income & Unit Breakdown for 694 Main Street, Amherst MA 01002

General Information for 694 Main Street, Amherst MA 01002

Disclosures for 694 Main Street, Amherst MA 01002

Financial Information for 694 Main Street, Amherst MA 01002

Location Information for 694 Main Street, Amherst MA 01002

Contact Information for 694 Main Street, Amherst MA 01002

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