NOT LISTED FOR SALE

7 Prospect Ave Greenfield, MA 01301

8 Beds
6 Baths
5,769 Sq Ft
8,712 Sq Ft Lot

Last Sold March 07, 2023

Last sale price $670,000 $116 Per Sq Ft

77 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Tennis Courts
  • City View
  • Wood Flooring
  • Jogging Path

About This Home

As of March 2023

LOOKING 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

Last Agent to Sell the Property

Deborah Cahillane

Brick & Mortar Northhampton Listed on: 10/24/2022

Last Buyer's Agent

Mark Carmien

Brick & Mortar Northhampton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,368

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Property fronts an easement
  • Near Conservation Area
  • 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
  • Property is near 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
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,368

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Vinyl,Hardwood
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Tankless Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Total Bedrooms: 8
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Bulkhead, Concrete, Unfinished
  • Living Area: 5769
  • Stories Total: 5
  • Window Features: Insulated Windows
  • MAIN LO: M80028
  • LIST PRICE PER Sq Ft: 121.34
  • PRICE PER Sq Ft: 116.14
  • MAIN SO: AN0310

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Brick/Mortar
  • Frontage Length: 84
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • View: City View(s), Scenic View(s)
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Electric: Individually Metered
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 1
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School

Fee Information

  • Water Sewer Expenses: 1064

Lot Info

  • Parcel Number: 27240,3094574
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Additional Land Avail., Cleared, Level
  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712
  • Lot Size Units: Acres
  • PAGE: 126
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7368
  • Tax Block: 24
  • Tax Book Number: 4935
  • Tax Lot: 0
  • Tax Map Number: 27

Multi Family

  • Electric Expense: 486
  • Gross Income: 86100
  • Insurance Expense: 3172
  • Net Operating Income: 59074
  • Number Of Units Total: 6
  • Operating Expense: 27026
  • Total Actual Rent: 7175
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 1

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
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

Source: Public Records

Agents Affiliated with this Home

  • Deborah Cahillane

    Seller's Agent in 2023

    Deborah Cahillane

    Brick & Mortar Northhampton

    (413) 695-4917

    3 in this area

    21 Total Sales

    Deborah Cahillane
    Section Image
  • Mark Carmien

    Buyer's Agent in 2023

    Mark Carmien

    Brick & Mortar Northhampton

    (413) 320-1162

    7 in this area

    115 Total Sales

    Mark Carmien
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73051557

MLS Property Information Network (MLS PIN)

Massachusetts Franklin County Greenfield 01301

7 Prospect Ave, Greenfield, MA

This home is located at 7 Prospect Ave, Greenfield, MA 01301 since 24 October 2022. This property was built in 1900. 7 Prospect Ave is a home located in Franklin County with nearby schools including Holy Trinity School and Cornerstone Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) 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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