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Residential Real Estate For Sale
398-400 Main St
Holyoke, Massachusetts 01040
ACTUAL OPERATING INCOME $84,600. TOTAL EXPENSES 41.37% $35,002. NET OPERATING INCOME (NOI) $49,598. Less: Annual Debt Service $22,092 (LTV RATIO 75.00%, 5% interest, 25 YEAR AMORTIZATION). CASH FLOW BEFORE TAXES $27,506. CASH ON CASH 26.20%. DEBT COV. RATIO $2.25 (DOLLARS TO PAY FOR EACH DOLLAR OF DEBT). CAP RATE 11.81%. 398-400 Main St. and 59 Hamilton St., Holyoke, MA 01040 (Hampden County) has 6-1 Bedroom, 6-2 room Efficiency and 2 commercial units in the 14 unit building. Turn-of-the-century 4-story brick Victorian building with elaborate cornices; high ceilings; in South Holyoke, an area of major recent investment. Eligible for National Historic Register. Near canal system with planned redevelopment use of federal funds as attractive urban center. Walking distance from public library, bus lines and mayors office. Holyoke is a planned industrial community,
$420,000.00
MLS#:72147926
Listing Office:DiFranco Realty
Listing Agent:Mark DiFranco
Office Phone:(413) 531-5956
Bedrooms:12
Bathrooms:12
Half Baths:2
Address: 398-400 Main St
City:Holyoke
State:Massachusetts
ZIP Code:01040
Property Type:Multi-family
Lot Size:2744.00
Property Size:11200.00
Year Built:1920
Parking Feature:Off-Street
Instruction:Give 24 hour notice to warn tenants.
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