40 Mechanic St

    Westfield, MA 01085
    • $337,500
    • STATUS: Active
    • MLS #: 72563877
    New
    UPDATED: 75 min ago
    $337,500
    • 10
      BEDS
    • 0.15
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 3,645
      SQFT
    • $93
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Kim Landry of Keller Williams Realty.

    Description

    Great Investment Opportunity right in downtown Westfield! 5 units in 2 separate buildings on one lot and one deed. Convenient Location, loads of updates and plenty of off street parking for the tenants this property is a Home Run! Perfect for student housing... owner was receiving $650(including utilities)per bedroom in the past... this place is a CASH COW! Many updates and remodeling have been done in the past few years to include a complete renovation of Unit 1(A), down to the studs, new windows throughout, spray foam insulation in the basements, lots of electrical updates (separate panels for each unit including owner panel), exterior security system and newer appliances. 4 Gas Hot Water Heaters and 1 Electric. All 3 sets of washer and dryers are coin operated, one set located in a common area for all to utilize. The property is professionally managed and has low monthly maintenance expenses.

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    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. Data last updated 2019-09-19T14:49:45.15.
    www.coastalnewenglandproperties.com/homes/98894004

    40 Mechanic St Westfield, MA 01085

    • Price: $337,500
    • Status: Active
    • Updated: 75 min ago
    • MLS #: 72563877
    10
    Beds
    5
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,645
    SQFT
    $93
    $/SQFT
    1910
    Built
    Neighborhood:
    Other
    County:
    Hampden
    Area:
    Other
    Property Description
    Great Investment Opportunity right in downtown Westfield! 5 units in 2 separate buildings on one lot and one deed. Convenient Location, loads of updates and plenty of off street parking for the tenants this property is a Home Run! Perfect for student housing... owner was receiving $650(including utilities)per bedroom in the past... this place is a CASH COW! Many updates and remodeling have been done in the past few years to include a complete renovation of Unit 1(A), down to the studs, new windows throughout, spray foam insulation in the basements, lots of electrical updates (separate panels for each unit including owner panel), exterior security system and newer appliances. 4 Gas Hot Water Heaters and 1 Electric. All 3 sets of washer and dryers are coin operated, one set located in a common area for all to utilize. The property is professionally managed and has low monthly maintenance expenses.
    Exterior Features

    Beachfront No Exterior Wood Exterior Features Deck Foundation Brick Garage Spaces 0 Lot Description Paved DriveLevel Parking Features Off-Street Parking Spaces 10 Road Type Paved Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No Waterview Flag No

    Interior Features

    Appliances Common WasherDryer Appliances Unit1 RangeRefrigeratorWasherDryer Appliances Unit2 RangeRefrigerator Appliances Unit3 RangeRefrigerator Appliances Unit4 RangeRefrigerator Basement Yes Basement Features FullBulkhead Bedrooms Unit1 2 Bedrooms Unit2 1 Bedrooms Unit3 2 Bedrooms Unit4 2 Energy Features Insulated WindowsInsulated Doors Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Floors Unit1 1 Floors Unit2 0 Floors Unit3 1 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heating Unit1 Electric Baseboard Heating Unit2 Electric Baseboard Heating Unit3 Forced AirGas Heating Unit4 Hot Water BaseboardGas Hot Water Natural GasElectric Interior Features Unit1 Lead Certification Available Interior Features Unit2 Lead Certification Available Interior Features Unit3 Lead Certification Available Interior Features Unit4 Lead Certification Available Levels 2 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 19 Rooms Common Laundry Rooms Description Unit1 Living RoomKitchenLaundry Rooms Description Unit2 Living RoomKitchenLaundry Rooms Description Unit3 Living RoomKitchen Rooms Description Unit4 Living RoomKitchen Rooms Unit1 4 Rooms Unit2 2 Rooms Unit3 4 Rooms Unit4 4

    Property Features

    Amenities Public TransportationShoppingParkWalk/Jog TrailsBike PathHighway AccessHouse Of WorshipPublic SchoolUniversity Apod Available Yes Assessments 298300.00 Disclosure No Electric Features Circuit BreakersIndividually Metered Expenses Source Owner Provided Gross Operating Income 61800 Lead Paint None Lease Unit1 Y Lease Unit2 Y Lease Unit3 N Lease Unit4 Y Lender Owned No Multifamily Type 5-9 Family Net Operating Income 49683 Rent Description Unit1 WaterHot Water Rent Description Unit2 Water Rent Description Unit3 Water Rent Description Unit4 Water Rent Unit1 1050 Rent Unit2 700 Rent Unit4 1100 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2019 Taxes 5868.00 Utility Connections Varies Per Unit Warranty No Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning 0

    Listing information © 2019 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Kim Landry of Keller Williams Realty.


    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. Data last updated 2019-09-19T14:49:45.15.
     
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    Listing courtesy of Kim Landry of Keller Williams Realty.