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Expired

246 Houghton St, North Adams MA 01247

$25,000

Estimated $156/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $4,166.67

Total Rent: 144000/year

Estimated CAP Rate:

12 Bedrooms

Baths

4350

Total Parking: 6

8,413 (0.19)

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 33 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

Water Views

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 Tax1380

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

Total Gross Income (Calculated)$144,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 246 Houghton St, North Adams MA 01247

Listing ID73099031

Property TypeMulti Family

Price25000 ($5.75/SqFt)

Style5+ Family - Rooming House

CityNorth Adams

CountyBerkshire

MLS AreaHoughtonville

Neighborhood(s)

Approximate Living Area Total4350

Approximate Lot Size (Acres)0.19

Total Parking6

Garage Parking0

Year Built1870

Year Built SourcePublic Records

Year Built DetailsActual,To Be Built

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR-3

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 246 Houghton St, North Adams MA 01247

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

ExclusionsAll Basement Shelves & Tv. Kitch Mirror & Musical Clock.1st Fl Lr Tv. Dartboard. Shelves In Dr.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation10%

Facilitator Compensation0

Compensation Based OnGross/full Sale Price

Financial Information for 246 Houghton St, North Adams MA 01247

Real Estate Taxes1380

Tax Year2022

Assessed Value$79,200

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 246 Houghton St, North Adams MA 01247

Neighborhood(s)

MLS AreaHoughtonville

Area AmenitiesWalk/jog Trails

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

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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    [unparsed] => 246 Houghton St, North Adams MA 01247
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EXIT

39 More Photos

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

Agent

Office

Payment Calculator

Exclusive Listing Agent

Setrakian Realty Company

Garabed Setrakian