NOT LISTED FOR SALE
-- Bed
10 Baths
4,448 Sq Ft
0.42 Acres

Last Sold December 28, 2023

Last sale price $1,500,000 $337 Per Sq Ft

11 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Wood Flooring
  • Amherst Regional Middle School Rated A-
  • Property is near public transit
  • Porch

About This Home

As of December 2023

A rare opportunity to buy a 10 family investment property in a wonderful in town Amherst location. There are five studio apartments, three 1 bedroom apts.,one 2 bedroom apts.,and one 3 bedroom apts. The apartments have been updated and are filled with charm and sunlight. Updates include electrical,plumbing,boilers, hot water holding tanks,insulation, and monitored electronic smoke/heat/C0 system. In 2015 sewage/waste lines from building to street were replaced along with a new walkway.. The apartments are easily accessed from driveway. Walk to town,convenient to schools and bus stop just steps away. Great rental history with many leased. Into summer of 2025. A turn key operation. You have to see this one! Offers to be submitted by noon on Saturday Dec.9,2023

Last Agent to Sell the Property

Ann Sutliff

William Raveis R.E. & Home Services Listed on: 11/28/2023

William Raveis R.E. & Home Services

Last Buyer's Agent

Kathy Borawski

Borawski Real Estate

Borawski Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,186

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 0.42 Acre Lot
  • Gentle Sloping Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 10 Full Bathrooms
  • 4,448 Sq Ft Home
  • Insulated Windows
  • Window Screens

Flooring

  • Wood
  • Tile

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 16 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Amherst Elementary School
  • ARMS Middle School
  • ARHS High School

Utilities

  • 2 Heating Zones
  • Heating Available
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $4,175
  • Rent includes unit 1(heat water), unit 2(heat water hot water), unit 4(heat water hot water)
  • Assessor Parcel Number M:0014B B:0000 L:0086,3009707

Community Details

Overview

  • 10 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community

Building Details

  • Electric Expense $1,080
  • Insurance Expense $5,400
  • Water Sewer Expense $1,650
  • Operating Expense $39,530
  • Net Operating Income $95,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,186

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Property Condition: Unit 2 Remodeled
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 8

Interior Features

  • Flooring: Tile,Hardwood
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room), Unit 4 Rooms(Living Room)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 4(Range,Refrigerator), Utility Connections for Gas Range, Utility Connections for Electric Range
  • Full Bathrooms: 10
  • Total Bathrooms: 10
  • Total Bathrooms: 10
  • Basement: Full, Walk-Out Access
  • Living Area: 4448
  • Spa YN: No
  • Stories Total: 8
  • Window Features: Insulated Windows, Screens
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 381.07
  • PRICE PER Sq Ft: 337.23
  • MAIN SO: AN2413

Exterior Features

  • Exterior Features: Porch,Gutters,Screens
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Assigned, Driveway, Paved
  • Total Parking Spaces: 16

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Heating: Unit 1(Central Heat,Gas)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Golf, Medical Facility, Laundromat, House of Worship, Private School, Public School, University
  • Rent Includes: Unit 1(Heat,Water), Unit 2(Heat,Water,Hot Water), Unit 4(Heat,Water,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1650

Lot Info

  • Parcel Number: M:0014B B:0000 L:0086,3009707
  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.42
  • Lot Size Area: 0.42
  • Lot Size Sq Ft: 18311
  • Lot Size Units: Acres
  • PAGE: 112
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11186
  • Tax Book Number: 2519

Multi Family

  • Electric Expense: 1080
  • Gross Income: 142800
  • Insurance Expense: 5400
  • Net Operating Income: 95200
  • Number Of Units Total: 10
  • Operating Expense: 39530
  • Total Actual Rent: 4175
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 2
  • FLRS 4: 1
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Arhs
  • Elementary School: Amherst
  • Middle Or Junior School: Arms

Range of Values:

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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 Change Sq Ft Price
12/28/2023 12/28/23 Sold $1,500,000 -11.5% $337 / Sq Ft
12/10/2023 12/10/23 Pending -- -- --
11/28/2023 11/28/23 For Sale $1,695,000 -- $381 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73183288

MLS Property Information Network (MLS PIN)