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You are here:
Home Massachusetts South Hadley Multi-Family Homes for Sale

337 Newton St South Hadley, MA 01075

$550,000
5 Unit
6 Beds
5 Baths
3798 SQFT
0.18 Acre
337 Newton St
South Hadley, MA 01075

Property Description

Profitable 5 family in a desirable South Hadley neighborhood! Four units are 1 bedroom 1 bathroom apartments with one 2 bedroom unit on the 3rd Floor. Roof was replaced in 2010. Coin operated washer & dryer in the basement. Separate 100amp electric meters for all units including an owner’s meter. One gas hot water tank (approx 5 years old) for the building so hot water is included in all rents. Gas boiler was installed a couple years ago & is plumbed to add an indirect water heater. Boiler provides heat for 3 units (1st Floor Left, 1st Floor Right, & 2nd Floor Front). 6 parking spaces available to tenants including a 2 car detached garage. Current owner rents a couple of the units with AirBnB while the others are longer term tenants. Please see the attached documents for an income & expense report and a full breakdown of average rental income of each unit along with what each unit’s rent includes. Don’t miss your chance to capitalize on this amazing investment opportunity!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 6
  • Total Full Baths: 5
  • Amenities: Public School
  • Basement Features: Bulkhead, Concrete Floor, Full, Sump Pump
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Ceiling Fans, Pantry, Tile Floor
  • Common Appliances: Dryer, Microwave, Range, Refrigerator, Vent Hood, Washer, Washer Hookup
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Space Heater

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 83816
  • Gross Expenses: 13145
  • GSE: 3538
  • Electric Expenses: 673
  • Water/Sewer: 2843
  • INSC: 4170
  • Repairs & Maintenance: 1679
  • RFS: 775
  • Net Operating Income: 70671

Utilities

  • Electric Info: 100 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Utility Connections: for Electric Range, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Electric, Heat, Hot Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Electric, Heat, Hot Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Electric, Heat, Hot Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1925
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Tile, Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73293465
  • Last Updated: 09/27/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/23/2024New$550,000$145MLSPIN

Mortgage Calculator

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Map & Resources

South Hadley High School

Public Secondary School, Grades: 9-12

0.2mi

Plains Elementary School

Public Elementary School, Grades: PK-1

0.66mi

Pioneer Valley Performing Arts Charter Public School

Charter School, Grades: 7-12

1mi

Mosier School

Public Elementary School, Grades: 2-4

1.11mi

Michael E. Smith Middle School

Public Middle School, Grades: 5-8

1.14mi

Mount Holyoke College

University

1.49mi

Stonybrook Children's Center

Private School, Grades: PK-K

1.56mi

The Gorse Children's Center

Private School, Grades: PK

1.57mi

Dunkin' Donuts

Donut (Fast Food)

0.52mi

South Hadley Police Dept

Local Police

1.09mi

Campus Police

Police

2.06mi

Holyoke City Police Department

Police

2.14mi

South Hadley-District 1

Fire Station

0.39mi

South Hadley-District 2

Fire Station

2.18mi

Holyoke Fire Department

Fire Station

2.45mi

Rooke Theatre

Theatre

1.65mi

Chapin Auditorium

Theatre

1.7mi

Old Firehouse Museum

Museum

1.19mi

Ely Court

Sports Centre. Sports: Basketball

1.76mi

Get Movin' Fitness

Fitness Centre

1.61mi

Black - Stevens Conservation Area

Municipal Park

0.18mi

Titus Pond

Municipal Park

0.26mi

Itner Smith Property

Municipal Park

0.51mi

Leaping Well North

Municipal Park

1.06mi

Leaping Well Res.

Municipal Park

1.11mi

Bynan Conservation Area

Municipal Park

1.23mi

Warner Conservation Area

Municipal Park

1.37mi

Log Pond

Private Nonprofit Park

1.51mi

Michael E. Smith Middle School

Recreation Ground

1.09mi

Red Cliffe Canoe Club

Recreation Ground

1.32mi

Feldman Water Spray Park

Playground

1.65mi

Ledges Golf Club

Golf Course

1mi

South Hadley Public Library

Library

1.3mi

Fairview Branch Chicopee Public Library

Library

1.64mi

Craft Salon

Hairdresser

1.3mi

Holyoke Pediatrics

Pediatrics

0.97mi

Big Y Express

Gas Station

0.41mi

Cumberland Farms

Gas Station

0.55mi

TD Bank

Bank

0.37mi

Bank of America

Bank

0.45mi

Big Y Express

Convenience

0.41mi

Cumberland Farms

Convenience

0.54mi

Seller's Representative: The Gerber Group, Naples Realty Group
MLS ID#: 73293465

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-09-27 03:05:00