Seller's Agent in 2023
Deborah Cahillane
Brick & Mortar Northhampton
(413) 695-4917
3 in this area
23 Total Sales
7 Prospect Ave Greenfield, MA 01301
8
Beds
6
Baths
5,769
Sq Ft
8,712
Sq Ft Lot
Highlights
- Medical Services
- Property is near public transit and schools
- Tennis Courts
- City View
- Wood Flooring
- Jogging Path
About This Home
As of March 2023LOOKING FOR A LUCRATIVE INVESTMENT PROPERTY, YOU'VE FOUND IT !!! With 6 units completely rented and a Cap Rate of 8.4% (with the opportunity to go up to 9%) this is a great property to add to your portfolio. All units are month to month rental agreements, tenants pay their own electric and gas for their hot water heaters (separately metered). Gas for heat paid by landlord. Security deposits being held on all units. Vacancies are never a problem !! There has been one vacant month in the past 5 years for renovations, that's it ! There is a large basement with a concrete floor that could easily be made into tenant storage and/or laundry for extra income. Unit's 3 & 5 are very large and 3 bedrooms may be possible? Rubber roof main 2005; small 2022, new boiler 2017, hot water heaters vary 2017 - 2021. Very well maintained and in great condition. Seller prefers to sell both buildings as a package, see MLS 73051556, 11 Conway St (combined cap rate 8.27% up to 10%) Qualified Opportunity Zone
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,368
Year Built
- Built in 1900
Lot Details
- 8,712 Sq Ft Lot
- Level Lot
- Cleared Lot
- Additional Land
Property Views
- City
- Scenic Vista
Home Design
- Brick Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 5,769 Sq Ft Home
- Insulated Windows
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- Shared Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Bulkhead
- Porch
Location
- Property is near public transit and schools
Utilities
- 1 Heating Zone
- Separate Meters
- Natural Gas Connected
- Tankless Water Heater
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $7,175
- Tax Block 24
- Assessor Parcel Number 27240,3094574
Community Details
Overview
- 6 Units
- Near Conservation Area
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Park
- Jogging Path
Building Details
- Electric Expense $486
- Insurance Expense $3,172
- Water Sewer Expense $1,064
- Operating Expense $27,026
- Net Operating Income $59,074
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/07/2023 03/07/23 | Sold | $670,000 | -4.3% | $116 / Sq Ft |
| 01/10/2023 01/10/23 | Pending | -- | -- | -- |
| 10/24/2022 10/24/22 | For Sale | $700,000 | -- | $121 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $10,521 | $537,900 | $65,600 | $472,300 |
| 2024 | $9,479 | $464,900 | $52,600 | $412,300 |
| 2023 | $8,345 | $424,700 | $52,600 | $372,100 |
| 2022 | $7,620 | $341,400 | $47,700 | $293,700 |
| 2021 | $7,154 | $308,100 | $47,300 | $260,800 |
| 2020 | $6,968 | $303,900 | $43,100 | $260,800 |
| 2019 | $6,668 | $298,200 | $37,400 | $260,800 |
| 2018 | $6,505 | $290,000 | $36,700 | $253,300 |
| 2017 | $6,302 | $290,000 | $36,700 | $253,300 |
| 2016 | $6,078 | $278,700 | $35,300 | $243,400 |
| 2015 | $6,080 | $270,100 | $39,500 | $230,600 |
| 2014 | $5,551 | $270,400 | $39,500 | $230,900 |
Source: Public Records
Agents Affiliated with this Home
-
Deborah Cahillane
-
Mark Carmien
Buyer's Agent in 2023
Mark Carmien
Brick & Mortar Northhampton
(413) 320-1162
7 in this area
109 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73051557
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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