263 Elm St, Holyoke, MA 01040 - MLS 72296402 | Berkshire Hathaway HomeServices New England Properties
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  • 263 Elm St, Holyoke, MA 01040
  • $520,000
  • 20 BedroomBedrooms
  • 10.0 BathroomBathrooms
  • 10 Full BathroomFull Bathrooms
  • 0 Half BathroomHalf Bathrooms
  • 8,250 Sqft
  • Sold On 5/28/2018

263 Elm St, Holyoke, MA 01040

  • Open House
  • New Listing
  • 20 BedroomBedrooms
  • 10.0 BathroomBathrooms
  • 8,250 Sqft
  • Multi Family
  • Sold
  • MLS# 72296402
  • Sold On 5/28/2018
0 More Schedule
  • Price Reduced

Property Information

  • MLS72296402
  • Zip Code01040
  • TypeMulti Family
  • Bedrooms20
  • Bathrooms10.0
  • Sq. Ft.8, 250
  • Fireplaces0
  • Parking Off-Street
  • Parking0
  • Garage Space1
  • SewerCity/Town Sewer
  • Year Built1927
  • Acreage.14
  • Estimated Taxes$6, 596

CASH COWS!!!!! This block to be sold with 116-124 Sargent Street. The list price for both is 1,675,000 the cap rate is great at 11.12. Total combined monthly rents are 22,405 with a gross annual rent of 268,860. After all expenses are paid the net income for both blocks is still a dynamite 186,381.06. Many rents can be raised. The garage in the back is rented out at 275 a month. All of the electric panels were replaced just before Seller owned this property. This is also a neat and clean property inside and out. A great package being offered with the two apartment blocks together. I don't think this will last to long with such a great cap rate and combined income. MUST HAVE A LENDER PREAPPROVAL TO VIEW OR PROOF OF FUNDS IF A TOTAL CASH DEAL

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Listing courtesy of: Donna Taylor, Keller Williams Realty