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41 Gray St, Amherst MA 01002

$815,000

Estimated $2,164.35/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $271,666.67

Total Rent: 96000/year

Estimated CAP Rate: 6.85%

6 Bedrooms

5 Full Baths

4,045 SqFt

Total Parking: 9

16,400 SqFt

Discover this newly renovated, multi-family gem in the heart of Amherst, boasting a strong rental history and prime location. This meticulously maintained 3-family building features a spacious first-floor 4-bedroom apartment, a charming second-floor 1-bedroom unit, and a generously sized 1-bedroom unit spanning the second and third floors. Each apartment showcases modern updates, including stylish flooring and refreshed kitchens, providing comfort and appeal to tenants. Nestled on a quiet side street just off Main St., this property offers the perfect blend of tranquility and accessibility—steps from downtown’s vibrant restaurants, shopping, and within close proximity to UMass and Amherst College campuses. Opportunities like this are rare and won't last long! Schedule your private viewing today and seize this remarkable investment.

This home has been viewed 117 times

Last Checked: January 3rd, 2025 at 5:18am (Source: MLS PIN #73303813)

Gross Income: $96,000

Gross Expenses: $40,178

Net Income Calc: $55,822

CAP Rate: 6.85%

Annual Expenses for 41 Gray St, Amherst MA 01002

Total Gross Expenses (Calculated)$40,178/year

APOD AvailableYes

Heating$4,164

Electricity$7,354

Water$1,250

Gas$1,250

Insurance$4,135

Sewer$1,250

Trash Removal$1,869

Repair & Maintenance$5,533

Management$5,760

Miscellaneous

Real Estate Tax$10,113.90

Annual Income & Unit Breakdown for 41 Gray St, Amherst MA 01002

Total Gross Income (Calculated)$96,000

Unit 1

Rental Income$4,400

LeaseY

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesHot Water, Electric, Water, Unit 1(heat, Unit 2(heat, Other (see Remarks)), Unit 3(heat

Unit 2

Rental Income$1,700

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesHot Water, Electric, Water, Unit 1(heat, Unit 2(heat, Other (see Remarks)), Unit 3(heat

Unit 3

Rental Income$1,900

LeaseY

Bedrooms1

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingNo

Rent IncludesHot Water, Electric, Water, Unit 1(heat, Unit 2(heat, Other (see Remarks)), Unit 3(heat

General Information for 41 Gray St, Amherst MA 01002

Listing ID73303813

Property TypeMulti Family / 3 Family

Price$815,000 ($201.48/SqFt)

Style3 Family - 3 Units Up/down

CityAmherst

CountyHampshire

MLS Area

Neighborhood(s)

Approximate Living Area Total4,045 SqFt

Approximate Lot Size (Acres)0.38 acres

Total Parking9

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area0

Foundation DescriptionBlock,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRES

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 41 Gray St, Amherst MA 01002

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$43,799

Total Gross Income By Broker$96,000

Total Net Income By Broker$52,201

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 41 Gray St, Amherst MA 01002

Real Estate Taxes$10,113.90

Tax Year2024

Assessed Value$533,400

Financial Data SourceOwner

Total Gross Expenses By Broker$43,799

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$96,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$52,201

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.85%

Location Information for 41 Gray St, Amherst MA 01002

Elementary SchoolWildwood

Middle SchoolArms

High SchoolArhs

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, House Of Worship, Public School, Shopping, Golf, Park, Bike Path, Public Transportation, Private School, University

Contact Information for 41 Gray St, Amherst MA 01002

Agent

Name: James Beadle

Office

Name: James Beadle

Phone: 413-636-5230

Team Members

Payment Calculator

, Interest

Property Taxes 842.83

Principal & Interest 5021.77

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

James Beadle

Agent Phone

Office Phone

(413) 636-5230

Text Agent Call Agent Call Office

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EXIT

Withdrawn

41 Gray St, Amherst MA 01002

$815,000

Annual Expenses for 41 Gray St, Amherst MA 01002

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Financial Information for 41 Gray St, Amherst MA 01002

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Contact Information for 41 Gray St, Amherst MA 01002

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