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

Sale Details

Date Sold: December 28, 2023

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

11 Days on Market

Highlights

  • Medical Services
  • Property is near golf course, public transit, and schools
  • Porch
  • Amherst Regional Middle School Rated A-
  • Wood Flooring
  • Shops

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
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,186

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 18,311 Sq Ft 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

Schools

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

Utilities

  • 2 Heating Zones
  • Heating Available
  • Natural Gas Connected

Additional Features

  • Porch
  • Property is near golf course, public transit, and schools

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

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

0.42 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Property Condition: Unit 2 Remodeled
  • Year Built: 1900
  • 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
  • Basement: Full, Walk-Out Access
  • Living Area: 4448
  • Spa YN: No
  • Stories Total: 8
  • Window Features: Insulated Windows, Screens
  • MAIN LO: M59500
  • 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 Sq Ft: 18311
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11186

Multi Family

  • Electric Expense: 1080
  • 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 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2023
Closed on
Dec 28, 2023
Sold by
Bought by
Seller's Agent
Ann Sutliff
William Raveis R.E. & Home Services
Buyer's Agent
Kathy Borawski
Borawski Real Estate
List Price
$1,695,000
Sold Price
$1,500,000
Premium/Discount to List
-$195,000
-11.5%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 1984
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,500,000 None Available
$175,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $700,000
Previous Owner $165,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $117 $652,000 $228,200 $423,800
2024 $11,397 $615,700 $215,300 $400,400
2023 $11,186 $556,500 $195,700 $360,800
2022 $10,871 $511,100 $186,300 $324,800
2021 $11,039 $505,900 $186,300 $319,600
2020 $10,786 $505,900 $186,300 $319,600
2019 $10,898 $499,900 $186,300 $313,600
2018 $10,568 $499,900 $186,300 $313,600
2017 $10,391 $476,000 $186,300 $289,700
2016 $10,101 $476,000 $186,300 $289,700
2015 $9,777 $476,000 $186,300 $289,700
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73183288

MLS Property Information Network (MLS PIN)
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