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Expired

502 Main St, Amherst MA 01002

$549,000

Estimated $1,593.03/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $274,500

Total Rent: 52800/year

Estimated CAP Rate: 8.08%

4 Bedrooms

2 Full Baths

2,164 SqFt

Total Parking: 7 (1 Garage)

17,700 SqFt

Rare opportunity to own a multi family property that's also zoned Commercial Business Neighborhood District. (see attached list of potential uses. Buyer to verify all uses) Located close to UMass, Amherst College and Amherst center. Close to PVTA stops, shopping and restaurants! This property has a long rental history! Huge landscaped yard and plenty of off street parking. Don't miss your chance to own this wonderful investment opportunity! Optional 2nd floor lease starting June 1st at the buyer's choice.

This home has been viewed 46 times

Last Checked: May 7th, 2024 at 8:55am (Source: MLS PIN #73113039)

Gross Income: $52,800

Gross Expenses: $8,434

Net Income Calc: $44,366

CAP Rate: 8.08%

Annual Expenses for 502 Main St, Amherst MA 01002

Total Gross Expenses (Calculated)$8,434/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,434

Annual Income & Unit Breakdown for 502 Main St, Amherst MA 01002

Total Gross Income (Calculated)$52,800

Unit 1

Rental Income$2,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 502 Main St, Amherst MA 01002

Listing ID73113039

Property TypeMulti Family

Price$549,000 ($253.7/SqFt)

StyleMulti Family

CityAmherst

CountyHampshire

MLS Area

Neighborhood(s)

Approximate Living Area Total2,164 SqFt

Approximate Lot Size (Acres)0.41 acres

Total Parking7 (1 Garage)

Garage Parking1 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningCOM

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 502 Main St, Amherst MA 01002

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$52,800

Total Net Income By Broker$52,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 502 Main St, Amherst MA 01002

Real Estate Taxes$8,434

Tax Year2023

Assessed Value$419,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$52,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$52,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.08%

Location Information for 502 Main St, Amherst MA 01002

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, House Of Worship, Public School, Shopping, Park, Public Transportation, University

Contact Information for 502 Main St, Amherst MA 01002

Agent

Name: Maggi Group

Office

Name: Century 21 North East

Phone: 800-844-7653

Team Members

Name: Jocelyn Maggi

Phone: 413-461-5042

Payment Calculator

, Interest

Property Taxes 702.83

Principal & Interest 3382.76

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Maggi Group

Agent Phone

Office Phone

(800) 844-7653

Text Agent Call Agent Call Office

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[id] => 345726
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            [phone] => 800-844-7653
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[perc_test_date] => Unknown
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EXIT