NOT LISTED FOR SALE

22 Prospect St Adams, MA 01220

10 Beds
5 Baths
3,780 Sq Ft
8,276 Sq Ft Lot

Last Sold October 16, 2024

Last sale price $340,000 $90 Per Sq Ft

203 Days on Market

Highlights

  • Wood Flooring
  • Public Transportation
  • Hot Water Heating System
  • Porch

About This Home

As of October 2024

11.23% Cap Rate, based on actual numbers!! This fully de-leaded Investment property promises both financial prosperity and minimal landlord responsibilities. Utilities are all modern and separately metered. This is a great opportunity to own a five-family investment property that combines a strong cap rate with ease of management. Secure your foothold in the Adams real estate market and unlock the potential for long-term financial success. Schedule a viewing today to explore this investment prospect firsthand! Apartment photos are Unit #30 which has been recently renovated and rented.

Last Agent to Sell the Property

Corey Bishop

BISHOP WEST REAL ESTATE License #9559670 Listed on: 02/03/2024

Last Buyer's Agent

Derek Strzepa

NOCHER REALTY License #9520386

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,964

Year Built

  • 1880

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 51.48 x 163.68

Home Design

  • 3,780 Sq Ft Home
  • Wood Frame Construction
  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Basement

  • Interior Basement Entry
  • Dirt Floor

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Porch

Schools

  • Hoosac Valley Elementary School
  • Hoosac Valley Middle & High School

Utilities

  • Furnace
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • Public Transportation
  • 6 Separate Electric Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,964

Year Built

1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Type: Multi-Family
  • Style: Other
  • Condition: Other
  • Construction: Wood Frame
  • Directions: From the South:Take Route 8 North into Adams. Turn LEFT after Cumberland Farms onto Prospect St. The Property is on your left.From the North:Take Route 8 South through Adams. Turn RIGHT before Cumberland Farms onto Prospect St. The Property is on your Left.
  • Marketing Headline: Fully De-Leaded!! Over 10% Cap Rate!!
  • Year Built Description: Approximate
  • Unit Style: Other
  • Right Of Way: No
  • Property Water Features: River View
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1880

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 5.00
  • Total Full Baths: 5
  • Basement: Dirt Floor, Interior Access
  • Floor: Wood, Laminate
  • Sq Ft Liv Apx: 3780.00

Exterior Features

  • Exterior Amenities: Porch, Public Transportation within 1/2 Mile
  • Roof: Asphalt, Fiberglass
  • Exterior Siding: Vinyl

Garage/Parking

  • Parking Spaces Type: On-Street
  • Garage: None

Utilities

  • Electric Type: 200 Amp, Individual Meter, Circuit Breaker
  • Fuel: Nat Gas
  • Hot Water: Nat Gas
  • Internet Service: Cable Available
  • Sewer: Public
  • Underground Oil Tank: Unk
  • Water: Public
  • Flood Hazard Area: Unk
  • Electric Meters Number: 6
  • Heat Cool Vent: Furnace, Hot Water
  • Heat Cool Vent Air Exchange System: No

Condo/Co-op/Association

  • H O A Fee Includes: None
  • Mandatory HOA: No

Lot Info

  • Estimated Acres: 0.19
  • Total Assessed Value: 169100.00
  • Assessed Year: 2023.00
  • Lot Size Sq Ft: 8276.00
  • Map Ref: 119-0277-00
  • Right To Farm Comm: Yes
  • Zoning: Residential
  • Land Use Water Shed: No
  • Lot Dimensions: 51.48 x 163.68

Rental Info

  • Included In Rent: None

Tax Info

  • Taxes: 2964.26
  • Tax Year: 2024

Multi Family

  • No Of Units: 5 Family

MLS Schools

  • Elementary School: Hoosac Valley Elementary
  • High School: Hoosac Valley Middle & High School
  • Middle School: Hoosac Valley Middle & High School
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2024 10/16/24 Sold $340,000 -6.8% $90 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
08/12/2024 08/12/24 Price Changed $365,000 -8.7% $97 / Sq Ft
04/16/2024 04/16/24 Price Changed $399,900 -2.4% $106 / Sq Ft
03/13/2024 03/13/24 For Sale $409,900 0.0% $108 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $409,900 +24.2% $108 / Sq Ft
09/19/2022 09/19/22 Sold $330,000 -8.3% $70 / Sq Ft View Prior Sale
08/06/2022 08/06/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $360,000 0.0% $77 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
04/09/2022 04/09/22 Price Changed $360,000 -8.9% $77 / Sq Ft
03/08/2022 03/08/22 For Sale $395,000 0.0% $84 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $395,000 +216.0% $84 / Sq Ft
03/08/2018 03/08/18 Sold $125,000 -21.8% $27 / Sq Ft View Prior Sale
01/15/2018 01/15/18 Pending -- -- --
04/21/2017 04/21/17 For Sale $159,900 -- $34 / Sq Ft
Source: Berkshire County Board of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,589 $328,600 $40,100 $288,500
2024 $5,816 $331,600 $37,600 $294,000
2023 $3,137 $169,100 $34,600 $134,500
2022 $3,050 $146,000 $30,100 $115,900
2021 $2,859 $126,400 $30,100 $96,300
2020 $3,009 $137,500 $30,100 $107,400
2019 $2,941 $137,500 $30,100 $107,400
2018 $3,045 $137,100 $30,100 $107,000
2017 $2,930 $137,100 $30,100 $107,000
2016 $2,321 $108,500 $30,100 $78,400
2015 $2,421 $113,300 $31,700 $81,600
2014 $2,260 $113,300 $31,700 $81,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Berkshire County Board of REALTORS®

MLS Number: 242473

Berkshire County Board of REALTORS®

APN: ADAM M:000119 P:000277