Income producing Northampton multi-family offers a solid, stable rental history with impressive room for growth. Very little exterior space to maintain. Walkable to downtown. Covenient to major routes, highways, cafes, shops, bike path, Smith College and bus routes. Easy access to Hadley, Amherst, Easthampton, Holyoke. 4 one level units on 2 floors plus a huge bonus space on the 3rd fl with multiple finished rooms & 2 bathrooms that a new owner can explore converting for maximizing income. Uses might incl studio space, home offices, or expansion of current units. Full basement w/ laundry hook-ups, updated elec panels, replacement windows, newer heating systems. Current rents include trash/snow removal. Most utilities separate. This property produces income today even with rents that appear to be under market. The additional advantage of untapped potential for increased value makes this is a golden opportunity for both savvy investors and future owner-occupant buyers.
5,588 Sq Ft
4,500 Sq Ft Exterior Space
Investment
$8,511 Annual Tax
Built in 1915
MLS/Listing ID 73365698
7 Stories
4 Units
Natural Wood
Tile
Vinyl
Irregular
Brick Mortar
Construction - Frame
Community - University
Community - Public School
Community - Private School
Community - Highway Access
Community - Bike Path
Insulated Windows
Community - Laundromat
Community - Medical Facility
Community - Walk/Jog Trails
Range
Refrigerator
Community - Public Transportation
Community - Shopping
Community - Park
Carpet
Stone
Lot - Corner Lot
Porch
Screened
Shingle
Rain Gutters
Listing Courtesy of DELAP REAL ESTATE LLC, ANDREA C. KWAPIEN - 413-559-7175
Source of Data: MLS PROPERTY INFORMATION NETWORK