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Expired

246 Houghton St, North Adams MA 01247

$25,000

Estimated $155.54/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $4,166.67

Total Rent: 144000/year

Estimated CAP Rate: 570.48%

12 Bedrooms

6 Full, 6 Half Baths

4,350 SqFt

Total Parking: 6

8,413 SqFt

Available for immediate demolition and brand new modular construction of 6 unit multi-family guesthouse. Special Permit secured for R-3 build with latest standard fire proofing. Secured a Wetlands permit to verify No Flood Zone. Pre-fabricated construction means this unique investment will be up and running within a short time. 1.2M projected buildout with a GRM of less than ten years. Located within an 8min walking distance and 3min driving to downtown North Adams and Mass MOCA. Access to majestic mountains, Mohawk trail hiking and biking, magnificent restaurants and ongoing festivals. Each unit has 2 bedrooms, one of which is adaptable as an office or additional living space. Potentially- each unit sleeps up to 6 guests.1.5 baths and open living space with wet bar and balcony. The building is designed to have 2 common areas with a fire pit and BBQ in the back. Each unit has 1 parking space secured on site. Opportunity Zone. Open to Offers

This home has been viewed 22 times

Last Checked: May 7th, 2024 at 7:11am (Source: MLS PIN #73099031)

Gross Income: $144,000

Gross Expenses: $1,380

Net Income Calc: $142,620

CAP Rate: 570.48%

Annual Expenses for 246 Houghton St, North Adams MA 01247

Total Gross Expenses (Calculated)$1,380/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$1,380

Annual Income & Unit Breakdown for 246 Houghton St, North Adams MA 01247

Total Gross Income (Calculated)$144,000

Unit 1

Rental Income$3,000

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesHot Water, Electric, Gas, Water, Unit 1(heat, Unit 2(heat, Other (see Remarks))

Unit 2

Rental Income$3,000

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesHot Water, Electric, Gas, Water, Unit 1(heat, Unit 2(heat, Other (see Remarks))

Unit 3

Rental Income$3,000

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

HeatingYes

Rent IncludesHot Water, Electric, Gas, Water, Unit 1(heat, Unit 2(heat, Other (see Remarks))

Unit 4

Rental Income$3,000

Lease

Bedrooms2

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

HeatingYes

Rent IncludesHot Water, Electric, Gas, Water, Unit 1(heat, Unit 2(heat, Other (see Remarks))

General Information for 246 Houghton St, North Adams MA 01247

Listing ID73099031

Property TypeMulti Family

Price$25,000 ($5.75/SqFt)

Style5+ Family - Rooming House

CityNorth Adams

CountyBerkshire

MLS AreaHoughtonville

Neighborhood(s)

Approximate Living Area Total4,350 SqFt

Approximate Lot Size (Acres)0.19 acres

Total Parking6

Garage Parking

Year Built1870

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,To Be Built

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsModular

Lot FeaturesGentle Sloping, Corner Lot

Foundation Area

Foundation DescriptionSlab

Accessible Features

Outdoor Space

ZoningR-3

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesSolar

Terms

Disclosures for 246 Houghton St, North Adams MA 01247

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosurePlease note that this is a project that is not bui

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated, Owner, Pro. Forma Available, Projected

Total Gross Expenses By Broker$57,800

Total Gross Income By Broker$216,000

Total Net Income By Broker$158,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation10%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 246 Houghton St, North Adams MA 01247

Real Estate Taxes$1,380

Tax Year2022

Assessed Value$79,200

Financial Data SourceEstimated, Owner, Pro. Forma Available, Projected

Total Gross Expenses By Broker$57,800

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$216,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$158,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)570.48%

Location Information for 246 Houghton St, North Adams MA 01247

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaHoughtonville

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, Shopping, Park, Bike Path, University, Other, Sidewalks

Contact Information for 246 Houghton St, North Adams MA 01247

Agent

Name: Garabed Setrakian

Office

Name: Setrakian Realty Company

Phone: 617-308-5966

Payment Calculator

, Interest

Property Taxes 115

Principal & Interest 154.04

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Setrakian Realty Company

Garabed Setrakian

Agent Phone

Office Phone

(617) 308-5966

Text Agent Call Agent Call Office

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EXIT

Expired

246 Houghton St, North Adams MA 01247

$25,000

Annual Expenses for 246 Houghton St, North Adams MA 01247

Annual Income & Unit Breakdown for 246 Houghton St, North Adams MA 01247

General Information for 246 Houghton St, North Adams MA 01247

Disclosures for 246 Houghton St, North Adams MA 01247

Financial Information for 246 Houghton St, North Adams MA 01247

Location Information for 246 Houghton St, North Adams MA 01247

Contact Information for 246 Houghton St, North Adams MA 01247

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Setrakian Realty Company

Garabed Setrakian