Log In/Sign Up
Your email has been sent.
27 Gallup St 3 Unit Apartment Building $269,900 ($89,967/Unit) 8.59% Cap Rate North Adams, MA 01247
EXECUTIVE SUMMARY
Three family investment opportunity in the heart of North Adams that is perfectly situated near downtown, Mass MoCA, MCLA, shopping, and local schools. Offering two units with three bedrooms and one bathroom and the final unit featuring two bedrooms and one bathroom. Each of the three units has been updated over recent years, along with a newer heating system and updated electrical for the building. Currently the property is fully occupied which leads to immediate cash flow.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$48,858
|
$16.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$48,858
|
$16.29
|
| Taxes |
$2,471
|
$0.82
|
| Operating Expenses |
$33,171
|
$11.06
|
| Total Expenses |
$35,642
|
$11.88
|
| Net Operating Income |
$13,216
|
$4.41
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $48,858 |
| Annual Per SF | $16.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $48,858 |
| Annual Per SF | $16.29 |
| Taxes | |
|---|---|
| Annual | $2,471 |
| Annual Per SF | $0.82 |
| Operating Expenses | |
|---|---|
| Annual | $33,171 |
| Annual Per SF | $11.06 |
| Total Expenses | |
|---|---|
| Annual | $35,642 |
| Annual Per SF | $11.88 |
| Net Operating Income | |
|---|---|
| Annual | $13,216 |
| Annual Per SF | $4.41 |
PROPERTY FACTS
| Price | $269,900 | Property Subtype | Apartment |
| Price Per Unit | $89,967 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 8.59% | No. Stories | 2 |
| No. Units | 3 | Year Built | 1900 |
| Property Type | Multifamily |
| Price | $269,900 |
| Price Per Unit | $89,967 |
| Sale Type | Investment |
| Cap Rate | 8.59% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.14 AC |
| Building Size | 3,000 SF |
| No. Stories | 2 |
| Year Built | 1900 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | $1,675 | - |
| 2+1 | 1 | $1,350 | - |
1 1
1 of 16
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
27 Gallup St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.