$896,900
N/A Beds N/A Baths
HOA
N/A
LOT size: 3.53 Acres
SQFT
4410
434 Russell Rd.
Westfield, MA 01085

Property Description

ATTENTION INVESTORS! This 14 unit, single-story apartment building is comprised of twelve studio and two 1BR units. All 14 ranges and refrigerators are to remain. Rents are currently averaging under $650/month which avails a future owner additional income potential. All utilities are paid by tenants (electric heat, electric hot water, electric cooking and lighting). All residents are on one year leases or month-to-month rental agreements. At present, one unit is vacant (asking $700/month) and another is being remodeled (projecting $750/month upon completion). The property underwent extensive renovations in 2003. All 14 water heaters, basement insulation, and the fire alarm control panel were replaced in 2015. The building features sprinkler and fire alarm monitoring systems and is conveniently located approximately 2 miles from the center of Westfield. Included are 14 LETTERS OF FULL INITIAL LEAD INSPECTION COMPLIANCE.

Property Details

Property Information

  • Location: Free Standing, Highway Access, Suburban
  • Type: 5+ Residential
  • Space Available: For Sale
  • Number of Buildings: 1
  • On File 21e: No
  • Plan Plan: Yes
  • Location: Legal Conforming
  • Parking Spaces: 21
  • Parking Feature: 21+ Spaces, On Site, Paved Driveway, Permeable Pavement, Stone/Gravel
  • MLS ID#: 72622527

Financial

  • Building Assessed Value: 76700
  • Land Assessed Value: 400600
  • Total Assessed Value: 477300
  • Gross Annual Income: 108480
  • Exchange: No
  • Condo Association: No
  • Lease: No
  • Sublet: No

Building Information

  • Number of Units: 14
  • Total Units: 14
  • Stories: 1
  • Total SQFT: 4410
  • Total Restrooms: 14
  • Residential Units: 14
  • Residential SQFT: 4410

Construction & Utilities

  • Construction: Block, Frame
  • Roof Material: Metal
  • Elevator: No
  • Sprinklers: Yes
  • Utilities: Public Sewer, Public Water

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