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    7-29 Homecrest Avenue

    Ware, MA 01082
    • $890,000
    • STATUS: Active
    • MLS #: 72670328
    UPDATED: 36 min ago
    $890,000
    • 24
      BEDS
    • 0.64
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 10,080
      SQFT
    • $88
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Matthew Pierce of Marcus & Millichap Real Estate Investment Services.

    Description

    The Homecrest Apartments feature 12 townhouse-style apartments with private entrances (no common area expense) and separate utilities paid for by the tenants. Each contiguous apartment feature first floor kitchens with oak cabinets and white appliances and living rooms with carpet or tile. The second floor features two bedrooms with ample closet space and a full-tile bathroom. Each apartment includes its own private basement with HWT and washer/dryer hookups. The complex has more than enough off-street parking for tenants and guests. Current owner has owned nearly 25 years and offers a turn-key, full occupied apartment complex with below market rents allowing investors significant upside to raise rents to $900+ market rates - Both current and proforma incomes offer investors double-digit cash-on-cash returns!

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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 2020-10-24T12:27:10.417.
    www.parrottrealtygroup.com/homes/106683788
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    7-29 Homecrest Avenue Ware, MA 01082

    • Price: $890,000
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 72670328
    24
    Beds
    12
    Baths
    0
    ½ Baths
    0.64
    Acres
    10,080
    SQFT
    $88
    $/SQFT
    1959
    Built
    Neighborhood:
    Other
    County:
    Hampshire
    Area:
    Other
    Property Description
    The Homecrest Apartments feature 12 townhouse-style apartments with private entrances (no common area expense) and separate utilities paid for by the tenants. Each contiguous apartment feature first floor kitchens with oak cabinets and white appliances and living rooms with carpet or tile. The second floor features two bedrooms with ample closet space and a full-tile bathroom. Each apartment includes its own private basement with HWT and washer/dryer hookups. The complex has more than enough off-street parking for tenants and guests. Current owner has owned nearly 25 years and offers a turn-key, full occupied apartment complex with below market rents allowing investors significant upside to raise rents to $900+ market rates - Both current and proforma incomes offer investors double-digit cash-on-cash returns!
    Exterior Features

    Beachfront No Construction Frame Exterior ClapboardShingles Foundation Poured Concrete Lot Description CornerWoodedPaved Drive Parking Features Off-Street Parking Spaces 24 Road Type Public Roof Material Asphalt/Fiberglass ShinglesWood Shingles Waterfront Flag No Waterview Flag No

    Interior Features

    Basement Yes Basement Features Full Bedrooms Unit1 2 Bedrooms Unit2 2 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Floors Unit1 1 Floors Unit2 1 Full Baths Unit1 1 Full Baths Unit2 1 Half Baths Unit1 0 Half Baths Unit2 0 Hot Water Electric Levels 3 Levels Unit1 3 Levels Unit2 3 Rooms 14 Rooms Common Other (See Remarks) Rooms Unit1 7 Rooms Unit2 7

    Property Features

    Amenities ShoppingParkHighway AccessPublic School Apod Available Yes Assessments 530000.00 Disclosure No Expenses Source Owner Provided Expenses Year End 04/20 Gross Operating Income 114600 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lender Owned No Multifamily Type 5+ Family - 5+ Units Side By Side Net Operating Income 70714 Rent Unit1 900 Rent Unit2 900 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2019 Taxes 10713.00 Water City/Town Water Year Built Description Actual Year Built Source Public Record Zoning Hc

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Matthew Pierce of Marcus & Millichap Real Estate Investment Services.


    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 2020-10-24T12:27:10.417.
     
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    Listing courtesy of Matthew Pierce of Marcus & Millichap Real Estate Investment Services.