Price Reduction - Seller Financing
Address
398 Main St Holyoke, MA
Price
$ 450,000
Property Attributes
  • MLS#72147926
  • TypeMulti-Family
  • CountyHAMPDEN
  • CityHolyoke
  • Zip01040
  • Style5-9 Family
  • Year Built1920
  • Taxes1999
  • Price$ 450,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms2
  • Sqr Footage11200
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
Mark DiFranco with DiFranco Realty.
Property Description

ACTUAL OPERATING INCOME $84,600. TOTAL EXPENSES 41.37% $35,002. NET OPERATING INCOME (NOI) $49,598. Less: Annual Debt Service $22,092 (LTV RATIO 75.00%, 5% interest, 25 YEAR AMORTIZATION). CASH FLOW BEFORE TAXES $27,506. CASH ON CASH 26.20%. DEBT COV. RATIO $2.25 (DOLLARS TO PAY FOR EACH DOLLAR OF DEBT). CAP RATE 11.81%. 398-400 Main St. and 59 Hamilton St., Holyoke, MA 01040 (Hampden County) has 6-1 Bedroom, 6-2 room Efficiency and 2 commercial units in the 14 unit building. Turn-of-the-century 4-story brick Victorian building with elaborate cornices; high ceilings; in South Holyoke, an area of major recent investment. Eligible for National Historic Register. Near canal system with planned redevelopment use of federal funds as attractive urban center. Walking distance from public library, bus lines and mayors office. Holyoke is a planned industrial community,

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
4/19/2017 Listed $450,000
6/7/2017 1% - $448,000
8/30/2017 7% - $420,000

General Features

Electrical Equipment/Features Circuit Breakers, Individually Metered
Levels 8
Parking Features Off-Street
Square Feet 11200.00
State Massachusetts
Unit 1 Rent 650
Unit 2 Rent 525

Interior Features

Basement Features Unfinished Basement
Bedrooms 12
Bedrooms (1) 1
Bedrooms (2) 1
Full Baths 12
Half Baths 2
Hot Water Oil
Total Number of Units 14

Exterior Features

Foundation Brick
Lot Description Corner

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 01040

Price
AVG $550K
$450K
Taxes
AVG $3,224
$1,999
Visits
AVG 69
123
Year Built
AVG 1915
1920
Walkscore
AVG 68
80

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