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337 Newton St

South Hadley, MA 01075
  • $550,000
  • STATUS: Contingent
  • MLS #: 73293465
Under Contract
UPDATED: 36 min ago
$550,000
  • 6
    BEDS
  • 0.18
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,798
    SQFT
  • $145
    $/SQFT
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Listing courtesy of The Gerber Group of Naples Realty Group.

Description

Profitable 5 family in a desirable South Hadley neighborhood! Four units are 1 bedroom 1 bathroom apartments with one 2 bedroom unit on the 3rd Floor. Roof was replaced in 2010. Coin operated washer & dryer in the basement. Separate 100amp electric meters for all units including an owner's meter. One gas hot water tank (approx 5 years old) for the building so hot water is included in all rents. Gas boiler was installed a couple years ago & is plumbed to add an indirect water heater. Boiler provides heat for 3 units (1st Floor Left, 1st Floor Right, & 2nd Floor Front). 6 parking spaces available to tenants including a 2 car detached garage. Current owner rents a couple of the units with AirBnB while the others are longer term tenants. Please see the attached documents for an income & expense report and a full breakdown of average rental income of each unit along with what each unit's rent includes. Don't miss your chance to capitalize on this amazing investment opportunity!

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-10-14T14:04:09.883.
www.judymoynihan.com/homes/155664385
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337 Newton St South Hadley, MA 01075

  • Price: $550,000
  • Status: Contingent
  • On Site: Days
  • Updated: 36 min ago
  • MLS #: 73293465
6
Beds
5
Baths
0
½ Baths
0.18
Acres
3,798
SQFT
$145
$/SQFT
1925
Built
County:
Hampshire
Property Description
Profitable 5 family in a desirable South Hadley neighborhood! Four units are 1 bedroom 1 bathroom apartments with one 2 bedroom unit on the 3rd Floor. Roof was replaced in 2010. Coin operated washer & dryer in the basement. Separate 100amp electric meters for all units including an owner's meter. One gas hot water tank (approx 5 years old) for the building so hot water is included in all rents. Gas boiler was installed a couple years ago & is plumbed to add an indirect water heater. Boiler provides heat for 3 units (1st Floor Left, 1st Floor Right, & 2nd Floor Front). 6 parking spaces available to tenants including a 2 car detached garage. Current owner rents a couple of the units with AirBnB while the others are longer term tenants. Please see the attached documents for an income & expense report and a full breakdown of average rental income of each unit along with what each unit's rent includes. Don't miss your chance to capitalize on this amazing investment opportunity!
Exterior Features

Color YelloGreen Construction Materials Frame Covered Spaces 2 Exterior Features Balcony/Deck Garage YN Yes Lot Features Corner LotLevel Open Parking YN Yes Parking Features Paved DriveOff StreetPaved Parking Total 6 Road Frontage Type Public Roof Shingle Spa YN No Waterfront YN No

Interior Features

Appliances WasherDryerRangeMicrowaveRefrigeratorRange Hood Basement FullBulkheadSump PumpConcrete Building Area Total 3798 Cooling Window Unit(s) Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring TileVinylCarpetLaminateHardwood Foundation Area 0 Foundation Details Block Heating BaseboardNatural GasElectric Heating YN Yes Interior Features Laundry RoomCeiling Fan(s)Bathroom With Tub & ShowerPantryWalk-In Closet(s)Bathroom with Shower StallLiving RoomKitchenLiving RM/Dining RM Combo Laundry Features Washer Hookup Lead Paint Unknown Rooms Total 17 Window Features Picture Window

Property Features

Community Features Public School Contingency Pending P&S Disclosures Garage to be sold in AS-IS condition. Unit 2 is currently vacant and in need of some cosmetic repairs. Rent for Unit 2 (1st Floor Left) is projected rent once fixed up based on rents of other units. AirBnB Unit Rents are average monthly rents. All appliances to be transferred with the property. Electric Circuit Breakers100 Amp ServiceIndividually Metered Electric Expense 673 Exclusions Furnishings In The Airbnb Units Are Negotiable. Gross Income 83816 Gross Scheduled Income 3538 Home Warranty YN No Insurance Expense 4170 Net Operating Income 70671 Operating Expense 13145 Property Sub Type 5+ Family - 5+ Units Up/Down Rent Includes Unit 1(HeatElectricHot Water)Unit 2(HeatHot Water)Unit 3(HeatElectricHot Water)Unit 4(HeatElectricHot Water) Senior Community YN No Sewer Public Sewer Tax Annual Amount 5949 Tax Year 2024 Total Actual Rent 8100 Utilities for Gas Rangefor Electric RangeWasher Hookup Water Sewer Expense 2843 Water Source Public Year Built Details Renovated Since Zoning RA2

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of The Gerber Group of Naples Realty Group: 413-650-1314.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-10-14T14:04:09.883.
 
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Judy Moynihan | Century 21 North East
2 Manor Parkway
Salem NH, 03079
Listing courtesy of The Gerber Group of Naples Realty Group.