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$574,900   Price Analysis
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495 Appleton St
Holyoke, MA 01040
7 bed 8 bath 4,858 SqFt ($118/SqFt)
0.41 acre lot. Built 1920
Listed 2024-04-16
Ⓧ USDA Ineligible
due to location

near Holyoke

Attention Investors!

* Has Contingent Offer *

Check ut this opportunity to own 6 units in Holyoke. The property features (5) 1-bedroom and (1) 2-bedroom apartments. The property has been maintained throughout the years and is a exceptional opportunity for investors looking for a value-add property in this growing Holyoke MA market!

See attached Financials and Offer Memo.


Presented by Vadim Tulchinsky at
Witman Properties, Inc.


Property MLS #73224529 from MLSPIN

Bedrooms: 7

Total Rooms: 28
Basement Description: Partial

Total Bathrooms: 7
Full Bathrooms: 6
1/2 Bathrooms: 2

Pantry
Crown Molding
Bathroom With Tub & Shower
Living Room
Kitchen
Mudroom
Flooring: Wood, Vinyl, Hardwood

Range
Refrigerator

Cooling Features: Window Unit(s)
Heating Features: Natural Gas
Heating: Yes
Number of Fireplaces: 1

Patio And Porch Features: Porch, Deck
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Road Surface Type: Paved

Lot Description: Corner Lot
Lot Size Acres: 0.41
Lot Size Square Feet: 17698

Parking Features: Off Street
Parking Total: 8

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 77344
Gross Scheduled Income: 8603
Rent Includes: Unit 1(Heat, Gas, Hot Water), Unit 2(Heat, Gas, Hot Water), Unit 3(Heat, Gas, Hot Water)

Number of Units: 6

Community Features: Public Transportation, Shopping, Park, Highway Access, Sidewalks

Annual Tax Amount: 8836
Source Listing Status: Contingent
County: Hampden
Directions: Please use GPS.
Tax Year: 2024
Source Property Type: Residential Income
Insurance Expense: 3802
Parcel Number: M:0076 B:0004 L:2, 2531939
Postal Code Plus 4: 3210
Zoning: RM20
Property Subtype: 5-9 Family
Source System Name: C2C

Relisted 2024-04-23
$574,900
MLSPIN
Listing removed 2024-04-20
$574,900
MLSPIN
Listed 2024-04-16
$574,900
MLSPIN

Net Operating Income: 32513
Operating Expense: 44831

Electric: 110 Volts, Common, Individually Metered
Sewer: Public Sewer
for Gas Range
for Gas Oven
Water Sewer Expense: 1888
Water Source: Public

Year Built: 1920
Building Area Total: 4858
Building Area Units: Square Feet
Construction Materials: Brick
Foundation Details: Brick/Mortar
Property Age: 104
Roof: Slate
Levels or Stories: 8
Year Built Details: Actual
Year Built Source: Public Records

Holyoke High School is a public high school located approximately 0.7 miles away.
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E N White Elementary School is a public elementary school located approximately 1.2 miles away.
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Springdale Education Center is a private elementary, middle and high school located approximately 0.5 miles away.
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William R. Peck School is a public elementary and middle school located approximately 0.9 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.