Sold!
$800,000
7
Beds
4
Baths
2,680
Living Area
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Property Description
ATTENTION INVESTORS! This is a rare opportunity to own a stabilized, clean and respectable four unit building in the desirable college town of Amherst. This CASH COW features separate water and electric meters for each unit, making it easy to reduce landlord expenses. The building is fully occupied with leases signed for units 1, 2, and 3 through 5/31/2027 and unit 4 is in the process of getting a re-leased though 5/31/2027 as well. The current monthly rent roll is $7,500 per month with tenants paying for electricity (which includes heat and hot water) and the landlord only pays for water and common area expenses, including landscaping/snow removal, trash, and laundry room lights, heat and water. The NOI is around $80,000 a year. At a 7% cap rate, the price should be $1.1M! This is a fantastic deal for investors of any size to add to their portfolio, not to mention potential expansion, renovation, or exploration of ADU possibilities with this HUGE lot. Buyers/agents to do due diligence
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Highlights
- Acres: 1
- Heating: Electric
- Parking Spots: 8
- Property Type: 4 Family
- Total Rooms: 15
- Status: Closed
- Cooling: None, Window Unit(s)
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1900
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Additional Details
- Appliances: Washer, Dryer
- Construction: Frame
- Interior Features: Laundry Room, Living Room, Kitchen
- Roof: Shingle
- Total Number of Units: 4
- Year Built Source: Public Records
- Basement: Full, Bulkhead, Concrete, Slab, Unfinished
- Foundation: Block, Brick/Mortar, Slab
- Lot Features: Other
- SqFt Source: Public Record
- Year Built Details: Actual, Renovated Since
- Zoning: n/a
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Amenities
- Community Features: Public Transportation, Walk/Jog Trails, Conservation Area, Public School, University
- Parking Features: Off Street, Driveway, Unpaved
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Utilities
- Electric: 100 Amp Service, Individually Metered
- Water Source: Public, Individual Meter
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $466,300
- Tax Year: 2025
- Total Rent: $7,500
- Rental Fee Includes: Unit 1(Water, Other (See Remarks)), Unit 2(Water, Other (See Remarks)), Unit 3(Water, Other (See Remarks)), Unit 4(Water, Other (See Remarks))
- Taxes: $8,370
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of 5 College REALTORS®.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
