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10.5 & 12 Cherry St, Westfield MA 01085

$339,987

Estimated $967.79/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $67,997.40

Total Rent: 35700/year

Estimated CAP Rate: 9.03%

6 Bedrooms

5 Full Baths

2,455 SqFt

Total Parking: 5

5,776 SqFt

Tremendous cash flow opportunity here!! 5 units total within 2 buildings on the same lot. Units consist of 4 one bedrooms and 1 - 2 bedroom apartment. Apartments are very easy to rent. Great location close to downtown, shopping, highways and Westfield State.

This home has been viewed 21 times

Last Checked: May 7th, 2024 at 8:36am (Source: MLS PIN #73107076)

Gross Income: $35,700

Gross Expenses: $4,998

Net Income Calc: $30,702

CAP Rate: 9.03%

Annual Expenses for 10.5 & 12 Cherry St, Westfield MA 01085

Total Gross Expenses (Calculated)$4,998/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,998

Annual Income & Unit Breakdown for 10.5 & 12 Cherry St, Westfield MA 01085

Total Gross Income (Calculated)$35,700

Unit 1

Rental Income$750

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesElectric, Gas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 3(water, Unit 4(water

Unit 2

Rental Income$700

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesElectric, Gas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 3(water, Unit 4(water

Unit 3

Rental Income$825

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesElectric, Gas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 3(water, Unit 4(water

Unit 4

Rental Income$700

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesElectric, Gas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 3(water, Unit 4(water

General Information for 10.5 & 12 Cherry St, Westfield MA 01085

Listing ID73107076

Property TypeMulti Family

Price$339,987 ($138.49/SqFt)

Style5+ Family - 5+ Units Side By Side

CityWestfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,455 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking5

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionBlock,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 10.5 & 12 Cherry St, Westfield MA 01085

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure12 Cherry is 1510 sq ft and 10.5 Cherry is 945 sq

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$44,700

Total Net Income By Broker$44,700

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0% NET%

Facilitator Compensation1.0% NET%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 10.5 & 12 Cherry St, Westfield MA 01085

Real Estate Taxes$4,998

Tax Year2019

Assessed Value$254,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$44,700

BostonRealEstate.com Gross Income

Total Net Income By Broker$44,700

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.03%

Location Information for 10.5 & 12 Cherry St, Westfield MA 01085

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 10.5 & 12 Cherry St, Westfield MA 01085

Agent

Name: Bill Nichols

Office

Name: Hampden Realty Center, LLC

Phone: 413-507-2988

Payment Calculator

, Interest

Property Taxes 416.5

Principal & Interest 2094.89

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Hampden Realty Center, LLC

Bill Nichols

Agent Phone

Office Phone

(413) 507-2988

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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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
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[roof_material] => Array
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    [senior_community] => No
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[terms] => Array
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[uffi] => Array
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[water_views_features] => Array
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EXIT

Closed

10.5 & 12 Cherry St, Westfield MA 01085

$339,987

Annual Expenses for 10.5 & 12 Cherry St, Westfield MA 01085

Annual Income & Unit Breakdown for 10.5 & 12 Cherry St, Westfield MA 01085

General Information for 10.5 & 12 Cherry St, Westfield MA 01085

Disclosures for 10.5 & 12 Cherry St, Westfield MA 01085

Financial Information for 10.5 & 12 Cherry St, Westfield MA 01085

Location Information for 10.5 & 12 Cherry St, Westfield MA 01085

Contact Information for 10.5 & 12 Cherry St, Westfield MA 01085

Agent

Office

Payment Calculator

Exclusive Listing Agent

Hampden Realty Center, LLC

Bill Nichols