$190,000
SOLD MAR 15, 2022

69 Lyman St Holyoke, MA 01040

4 Beds
2.5 Baths
2,040 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$93 Per Sq Ft

5% Below List Price

9 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Heating Available
  • Corner Lot

About This Home

As of March 2022

Investors take notice!!! This great opportunity with high generating cash flow and low maintenance is a perfect property for cash-on-cash return. It generates $2,445 a month with room for growth. This newly updated 2 family property includes 1 bedroom 1 bath on first floor and 3-bedroom 1.5 bath on second and third floors. First floor unit 1 year lease, second floor unit month to month lease. Updates include new kitchens, new bathrooms, new flooring, new light fixtures, and new heating system. Both units offer spacious living rooms and spacious eat in kitchens. Laundry is located in the basement. Start earning income as soon as you close!!!

Last Agent to Sell the Property

Marta James

Gallagher Real Estate Listed on: 01/11/2022

Gallagher Real Estate

Last Buyer's Agent

Dan Emery

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,168

Year Built

  • Built in 1848 | Remodeled

Lot Details

  • 2,178 Sq Ft Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof

Interior Spaces

  • 2,040 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 4 Car Parking Spaces
  • Open Parking

Utilities

  • Heating Available
  • Gas Water Heater

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $2,445
  • Rent includes unit 1(water), unit 2(heat electric gas water hot water)
  • Assessor Parcel Number M:0037 B:0004 L:10.7,3984725

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $5,095
  • Net Operating Income $22,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,168

Year Built

Built in 1848 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
  • Year Built: 1848
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Unit 1(Ceiling Fans,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 2(Ceiling Fans,Upgraded Cabinets,Upgraded Countertops,Walk-In Closet,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room), Unit 2 Rooms(Living Room)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Gas Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Basement: Full
  • Living Area: 2040
  • Stories Total: 3
  • MAIN LO: AN1364
  • LIST PRICE PER Sq Ft: 97.99
  • PRICE PER Sq Ft: 93.14
  • MAIN SO: M80028

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Hot Water Baseboard,Gas)
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Highway Access
  • Rent Includes: Unit 1(Water), Unit 2(Heat,Electric,Gas,Water,Hot Water)

Lot Info

  • Parcel Number: M:0037 B:0004 L:10.7,3984725
  • Zoning: DR
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2178
  • Lot Size Units: Acres
  • LOT SIZE: 2277
  • PAGE: 419

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3168
  • Tax Book Number: 21707

Multi Family

  • Gross Income: 28020
  • Net Operating Income: 22925
  • Number Of Units Total: 2
  • Operating Expense: 5095
  • Total Actual Rent: 2445
  • LEVELS 1: 1
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2007
Sold by
Francisquini Milagros and Reyes Rafael
Bought by
Reyes Mildred
Current Estimated Value
$263,858

Purchase Details

Closed on
Feb 26, 2002
Sold by
Barber Scott E and Barber Peggy R
Bought by
Reyes Rafael and Francisquini Milagros

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,841
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $77,546 No Value Available
Previous Owner $73,841 Purchase Money Mortgage
Previous Owner $50,051 No Value Available
Previous Owner $50,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2022 03/15/22 Sold $190,000 -5.0% $93 / Sq Ft
01/21/2022 01/21/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $199,900 +189.7% $98 / Sq Ft
06/02/2017 06/02/17 Sold $69,000 +8.0% $34 / Sq Ft
06/01/2017 06/01/17 Pending -- -- --
04/13/2017 04/13/17 For Sale $63,900 -- $31 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $3,911 $224,000 $23,000 $201,000
2024 $4,021 $212,200 $21,900 $190,300
2023 $4,212 $224,500 $21,900 $202,600
2022 $3,318 $172,300 $21,900 $150,400
2021 $3,187 $164,400 $20,500 $143,900
2020 $2,721 $142,600 $20,500 $122,100
2019 $2,670 $138,400 $21,600 $116,800
2018 $3,199 $130,200 $21,600 $108,600
2017 $2,496 $130,200 $21,600 $108,600
2016 $2,428 $127,000 $20,500 $106,500
2015 $2,418 $127,000 $20,500 $106,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72932883

MLS Property Information Network (MLS PIN)

APN: HOLY-000037-000004-000010-000007