, Adams, MA 01220 (MLS# 242473)

Berkshire & Columbia County Real Estate Agency

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Adams, MA 01220

$399,900

Property Type: MultiFamily Bedrooms: 10 Baths: 5 Square Footage: 3,780 Lot Size (sq. ft.): 8,276 Status: Active

Current Price: $399,900 List Date: 3/13/2024 Last Modified: 4/16/2024

Description

Welcome to an exceptional investment opportunity! Presenting a lucrative 5-family property boasting a stellar 10% + capitalization rate. This fully de-leaded investment promises both financial prosperity and minimal landlord responsibilities with its separate utilities. Nestled in the heart of Adams, this property enjoys the charm of a quaint New England town while being conveniently situated near local amenities, schools, and parks. This is a great opportunity to own a five-family investment property that combines a strong cap rate with ease of management. Secure your foothold in the Adams real estate market and unlock the potential for long-term financial success. Schedule a viewing today to explore this investment prospect firsthand!

More Information MLS# 242473

Contract Information

Current Price: $399,900 Status: Active List Date: 2024-02-03 List Price: $399,900 Original List Price: 409900 Limited Service: No Agent Interest: None BAC: 2.5 BAC Type: % NAC: 2.5 NAC Type: %

Location, Tax & Legal

Registry: North Registry State/Province: MA Postal Code: 01220 Elem School: Hoosac Valley Elementary Middle School: Hoosac Valley Middle & High School High School: Hoosac Valley Middle & High School Assess Amt: 169100 Assessed Year: 2023 Taxes: 2964.26 Tax Year: 2024 Page: 629 Map Ref: 119-0277-00

General Property Description

Realtor.COM Type: Multi-Family Sq Ft Liv Apx: 3780 Sq Ft Source: Assessor Total Rooms: 20 Total Bedrooms: 10 Total Full Baths: 5 Total Bathrooms: 5 Parking Spaces Type: On-Street Unit Style: Other Year Built Apx: 1880 Year Built Source: Assessor Yr Blt Description: Approximate Lot Size Dimensions: 51.48 x 163.68 Acres Apx: 0.19 Lot Size SqFt: 8276 Frontage Apx: 51.48

Status Change Info

Status Change Date: 2024-03-13 Fallthrough Date: 2024-03-13

Remarks & Misc

Directions: From the South: Take Route 8 North into Adams. Turn LEFT after Cumberland Farms onto Prospect St. The Property is on your left. From the North: Take Route 8 South through Adams. Turn RIGHT before Cumberland Farms onto Prospect St. The Property is on your Left. Marketing/Headline: Multi-Family with Impressive Financials.

Building Info

Exterior Color: Tan

Heating Sys #

Heating Sys #: 5

Hot Wtr Sys #

Hot Wtr Sys#: 3

Electric Meters #

Electric Meters #: 6

Property Features

No of Units: 5 Family Restrict Covenants: No Title V: Not Applicable Underground Oil Tank: Unk Water: Public Sewer: Public Right to Farm Comm: Yes Flood Hazard Area: Unk Right of Way: No Incl in Rent: None Water Features: River View Electric Type: 200 Amp; Circuit Breaker; Individual Meter Style: Other Internet Service: Cable Available Exterior Amenities: Porch; Public Transportation within 1/2 Mile Construction: Wood Frame Condition: Other Exterior Siding: Vinyl Roof: Asphalt; Fiberglass Basement: Dirt Floor; Interior Access Floor: Wood; Laminate Garage: None Heat/Cool/Vent: Furnace; Hot Water Fuel: Nat Gas Hot Water: Nat Gas Lead Paint: Delead Cert Zoning: Residential Seller Disc: No Mandatory HOA: No HOA Fee Includes: None Possession: Close Of Escrow

Documents

Deed ›

Inc/Exp Report ›

Lead Paint Disclosure ›

Parcel Map 1 ›

Parcel Map 2 ›

De-Lead Certificates ›

Listing Office: BISHOP WEST REAL ESTATE

Listing Agent: Corey Bishop

Last Updated: April - 16 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information from the Berkshire County Board of Realtors, Inc. or it's Multiple Listing Service. Site contains live data. Information herein believed to be accurate, but not warranted. All right, title and interest in the exclusively listed property information represented on this website was created, maintained and copyrighted by the Berkshire County Board of Realtors® and in copyrights therein, hall at all times remain vested in the Berkshire County Board of Realtors®. As a Participant of theBerkshire County Multiple Listing Service, this company was granted a lease to use this information in accordance with all rules and regulations of the Service. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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