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
Sold for $670,000 on 03/07/23
$670,000
7 Prospect Ave, Greenfield, MA 01301
8beds
5,769sqft
5-9 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$116/sqft
$3,189 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,189/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 07, 2023 at 11:17am
Listed by:
Deborah Cahillane 413-695-4917,
Jones Group REALTORS® 413-585-0400
Bought with:
Mark Carmien
Maple and Main Realty, LLC
Source: MLS PIN,MLS#: 73051557
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Features
- Flooring: Vinyl, Hardwood
- Windows: Insulated Windows
- Basement: Full,Bulkhead,Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 5,769
- Total interior livable area: 5,769 sqft
Property
Parking
- Parking features: Paved Drive, Shared Driveway, Off Street, Assigned, Paved
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
- Has view: Yes
- View description: City View(s), Scenic View(s)
- Frontage length: 84.00
Lot
- Size: 8,712 sqft
- Features: Easements, Additional Land Avail., Cleared, Level
Details
- Foundation area: 1806
- Parcel number: 27240,3094574
- Zoning: RA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Brick/Mortar
- Roof: Rubber
Condition
- Year built: 1900
Utilities & green energy
- Electric: Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range
Community & neighborhood
Community
- 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
Location
- Region: Greenfield
HOA & financial
Other financial information
- Total actual rent: 7175
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/7/2023 | Sold | $670,000-4.3%$116/sqft |
Source: MLS PIN #73051557 | ||
| 10/24/2022 | Listed for sale | $700,000+180%$121/sqft |
Source: MLS PIN #73051557 | ||
| 11/10/2004 | Sold | $250,000$43/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,521 +11% | $537,900 +15.7% |
| 2024 | $9,479 +13.6% | $464,900 +9.5% |
| 2023 | $8,345 +9.5% | $424,700 +24.4% |
Find assessor info on the county website
Neighborhood: 01301
Nearby schools
GreatSchools rating
- 2/10Federal Street ElementaryGrades: K-4Distance: 0.5 mi
- 5/10Greenfield Middle SchoolGrades: 5-7Distance: 0.8 mi
- 3/10Greenfield High SchoolGrades: 8-12Distance: 1.4 mi
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