Skip main navigation
Sold
  • $670,000

    7 Prospect Ave, Greenfield, MA 01301

    8beds
    5,769sqft
    5-9 Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $116/sqft
    $-- HOA

    What's special

    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

    Zillow last checked: 7 hours ago

    Listing updated: March 07, 2023 at 11:17am

    Listed by:

    Deborah Cahillane,

    Jones Group REALTORS®

    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
    Services availability
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.