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Brick & Mortar

office@brickandmortar.realestate +1(413) 259-8888

$799,999

Est. payment - /mo

7 Beds

4 Baths

2,680 SqFt

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Open House

Sat Jan 10, 12:00pm - 1:30pm

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Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,680 sqft

Price per Sqft $298

MLS Listing ID 73465919

Bedrooms 7

Full Baths 4

Year Built 1900

Annual Tax Amount $8,370

Tax Year 2025

Lot Size 1.400 Acres

Acres 1.4

Property Sub-Type 4 Family

Property Description

ATTENTION INVESTORS! This is a rare opportunity to own a stabilized, clean and respectable four unit building in the desirable college town of Amherst. This CASH COW features separate water and electric meters for each unit, making it easy to reduce landlord expenses. The building is fully occupied with leases signed for units 1, 2, and 3 through 5/31/2027 and unit 4 is in the process of getting a re-leased though 5/31/2027 as well. The current monthly rent roll is $7,500 per month with tenants paying for electricity (which includes heat and hot water) and the landlord only pays for water and common area expenses, including landscaping/snow removal, trash, and laundry room lights, heat and water. The NOI is around $80,000 a year. At a 7% cap rate, the price should be $1.1M! This is a fantastic deal for investors of any size to add to their portfolio, not to mention potential expansion, renovation, or exploration of ADU possibilities with this HUGE lot. Buyer/agents to due diligence

Location

State MA

County Hampshire

Direction Use navigation.

Rooms

Basement Full, Bulkhead, Concrete, Slab, Unfinished

Interior

Interior Features Laundry Room, Living Room, Kitchen

Heating Electric

Cooling None, Window Unit(s)

Appliance Washer, Dryer

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Community Features Public Transportation, Walk/Jog Trails, Conservation Area, Public School, University

Utilities Available for Electric Range, for Electric Dryer, Washer Hookup

Roof Type Shingle

Total Parking Spaces 8

Garage No

Building

Lot Description Other

Story 6

Foundation Block, Brick/Mortar, Slab

Sewer Public Sewer

Water Public, Individual Meter

Others

Senior Community false

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Listed by Real Estate Pros Inc.

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310 Belchertown Rd Amherst, MA 01002