Brand new high end multi unit being offered as one package to the market for those investors looking for a high end rental opportunity in the desirable Northampton down town area. There are 8 units in the building all with the option of being used as two bedrooms or a bedroom and an office/den. All units have high end finishes with soft close cabinetry, pull our drawers , stone countertops, wood flooring throughout, a custom tile shower surround. Laundry is in all units and parking is on site with one parking spot per unit. Rents have been estimated at $2500-3500. Security allows a level of comfortability for those who live on site and have visitors. Each unit offers an outdoor space of a private patio, a balcony or the premier units have their own private roof deck which will command a higher rental . All are heated with electric mini split heat pumps with separate electric meters. Water is shared. Close proximity to all local arts and eateries, highway access, bike path.
This home has been viewed 70 times
Last Checked: December 22nd, 2024 at 5:18am (Source: MLS PIN #73306021)
Gross Income: $30,000
Gross Expenses: $31,500
Net Income Calc: $1,500
CAP Rate: -0.03%
Annual Expenses for 107 Williams Street, Northampton MA 01060
Total Gross Expenses (Calculated)$31,500/year
APOD AvailableNo
Heating
Electricity
Water$2,500
Gas$2,500
Insurance$8,000
Sewer$2,500
Trash Removal$3,000
Repair & Maintenance
Management$6,000
Miscellaneous$12,000
Real Estate Tax
Annual Income & Unit Breakdown for 107 Williams Street, Northampton MA 01060
Total Gross Income (Calculated)$30,000
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 2
Rental Income$2,500
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 3
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 4
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
General Information for 107 Williams Street, Northampton MA 01060
Listing ID73306021
Property TypeMulti Family / 5+ Family
Price$4,500,000 ($500/SqFt)
Style5-9 Family
CityNorthampton
CountyHampshire
MLS Area
Neighborhood(s)
Approximate Living Area Total9,000 SqFt
Approximate Lot Size (Acres)0.26 acres
Total Parking8
Garage Parking
Year Built2024
Year Built SourceBuilder
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel, Cleared
Foundation Area
Foundation DescriptionConcrete Perimeter,Slab
Accessible Features
Outdoor Space
ZoningURC
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 107 Williams Street, Northampton MA 01060
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosureincludes halls, units and roof top decks.
Building Area SourceOther
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated
Total Gross Expenses By Broker$17,500
Total Gross Income By Broker$240,000
Total Net Income By Broker$168,500
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 107 Williams Street, Northampton MA 01060
Real Estate Taxes
Tax Year2024
Assessed Value
Financial Data SourceEstimated
Total Gross Expenses By Broker$17,500
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$240,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$168,500
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.03%
Location Information for 107 Williams Street, Northampton MA 01060
Elementary School
Middle SchoolJfk
High SchoolNhs
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Marina, University, Sidewalks
Contact Information for 107 Williams Street, Northampton MA 01060