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You are here:
$1,350,000
7 Unit
8 Beds
8 Baths
4991 SQFT
0.23 Acre
351 Main St
Amherst, MA 01002

Property Description

INVESTORS TAKE NOTICE! Great rental history! This is a rare opportunity to buy a 7 Unit building so close to the Amherst town center! It includes plenty of parking as well as a bus stop within steps of the building. There is ample storage for tenants and laundry on site. Your tenants can walk to restaurants, shopping with the town center nearby. There are 6 units that are 1 bedroom units with a lot of space, wonderful light with high ceilings, some with exterior deck space. The 7th unit is a 2 bedroom / 2 bathrooms with a living room and its own entrance with a porch.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 7
  • Total Floors: 9
  • Total Bedrooms: 8
  • Total Full Baths: 8
  • Total Fireplaces: 1
  • Amenities: Bike Path, House of Worship, Laundromat, Medical Facility, Other (See Remarks), Park, Private School, Public School, Public Transportation, Shopping, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Internet Available - Broadband
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Vent Hood, Washer
  • Common Heating: Central Heat, Electric Baseboard, Hot Water Radiators, Oil, Radiant, Steam

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 100757
  • Gross Expenses: 33611
  • Electric Expenses: 996
  • Water/Sewer: 190
  • INSC: 2942
  • Repairs & Maintenance: 8965
  • RFS: 2519
  • Net Operating Income: 67146

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Common, Individually Metered, Other (See Remarks), Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1800
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Metal, Rubber
  • Flooring Type: Hardwood, Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73229821
  • Last Updated: 05/08/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/08/2024Contingent$1,350,000$270MLSPIN
05/03/2024Active$1,350,000$270MLSPIN
04/29/2024New$1,350,000$270MLSPIN

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Map & Resources

Seller's Representative: Stiles & Dunn, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2024-05-08 10:52:00