337 Newton St South Hadley MA 01075 MLS #73293465

337 Newton St
South Hadley, MA, 01075
$550,000
6 Beds
5 Baths
3,798 SqFt
0.18 Acres
$550,000
337 Newton St
South Hadley, MA, 01075
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 Details

Price:
$550,000
MLS #:
73293465
Status:
Pending
Beds:
6
Baths:
5
Address:
337 Newton St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
South Hadley
Listed Date:
Sep 23, 2024
State:
MA
Finished Sq Ft:
3,798
Total Sq Ft:
3,798
ZIP:
01075
Lot Size:
7,838 sqft / 0.18 acres (approx)
Year Built:
1925
Units:
5

Schools

Interior

Appliances
Washer, Dryer, Range, Microwave, Refrigerator, Range Hood
Bathrooms
5 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Tile, Vinyl, Carpet, Laminate, Hardwood
Heating
Baseboard, Natural Gas, Electric
Laundry Features
Washer Hookup

Exterior

Community Features
Public School
Construction Materials
Frame
Exterior Features
Balcony/ Deck
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
6
Roof
Shingle

Financial

Net Operating Income
$70,671
Tax Year
2024
Taxes
$5,949
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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