NOT LISTED FOR SALE

5 Worcester Place Holyoke, MA 01040

54 Beds
18 Baths
24,672 Sq Ft
6,000 Sq Ft Lot

Last Sold August 24, 2023

Last sale price $1,500,000 $61 Per Sq Ft

67 Days on Market

Highlights

  • Medical Services
  • Corner Lot
  • Shops
  • Property is near public transit
  • Park

About This Home

As of August 2023

Great investment opportunity! Own this amazing 18 unit building in the heart of Holyoke, MA. This Beautiful brick building is actually 3 abutting addresses (5-7,9-11 and 13-23 Worcester Place) . The apartments are in great condition and recently upgraded. Property features a sprinkler system, newer windows (apo) 2016, roof with preventative silver coating, master key system, upgraded stairs and handrails, laundry hook-ups, aerating shower heads, and low flow toilet tanks in all the units. All of the utilities are separated. Professional Mural painted on side of building as part of City Art and Heritage project. Don't miss out on this great opportunity! Group Showings Monday February 20,2023 12:00-1:00pm and Wednesday February 22, 2023 3:30-4:30pm.

Last Agent to Sell the Property

Zuleika Rivera

CP Property Group, LLC License #452508998 Listed on: 02/15/2023

Last Buyer's Agent

Zuleika Rivera

CP Property Group, LLC License #452508998 Listed on: 02/15/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,621

Year Built

  • Built in 1900

Lot Details

  • 6,000 Sq Ft Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 24,672 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 54 Bedrooms
  • 18 Full Bathrooms

Parking

  • 10 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $20,753
  • Assessor Parcel Number M:0010 B:0001 L:10

Community Details

Overview

  • 18 Units

Amenities

  • Medical Services
  • Shops

Recreation

  • Park

Building Details

  • Electric Expense $1,340
  • Insurance Expense $8,618
  • Water Sewer Expense $14,000
  • Operating Expense $88,767
  • Net Operating Income $177,993

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,621

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 54
  • Full Bathrooms: 18
  • Total Bathrooms: 18
  • Total Bathrooms: 18
  • Basement: Full
  • Living Area: 24672
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN5468
  • LIST PRICE PER Sq Ft: 58.77
  • PRICE PER Sq Ft: 60.8
  • MAIN SO: AN5468

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School, T-Station
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 14000

Lot Info

  • Parcel Number: M:0010 B:0001 L:10
  • Zoning: IG
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6000
  • Lot Size Units: Acres
  • PAGE: 60
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 15621
  • Tax Book Number: 19196

Multi Family

  • Electric Expense: 1340
  • Gross Income: 280000
  • Insurance Expense: 8618
  • Net Operating Income: 177993
  • Number Of Units Total: 18
  • Operating Expense: 88767
  • Total Actual Rent: 20753
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

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
08/24/2023 08/24/23 Sold $1,500,000 +3.4% $61 / Sq Ft
04/24/2023 04/24/23 Pending -- -- --
02/15/2023 02/15/23 For Sale $1,450,000 +72.6% $59 / Sq Ft
06/25/2018 06/25/18 Sold $840,000 -1.1% $34 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
04/24/2018 04/24/18 For Sale $849,000 -- $34 / 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: 73079513

MLS Property Information Network (MLS PIN)