East Longmeadow, MA 01028,200 N Main St #3,4,5,7 & 8

$1,485,000

Est. payment /mo

$1,550,000

4.2%
Est.Price: ?

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200 N Main St #3, 4, 5, 7 & 8 East Longmeadow, MA 01028

SOLD DATE : 10/25/2019

Key Details

Sold Price $1,485,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 72586520

Sold Date 10/25/19

Year Built 1970

Annual Tax Amount $23,340

Tax Year 2018

Property Description

GREAT INVESTMENT OPPORTUNITY!! Priced at a 9% cap rate, this listing is for FIVE commercial condo units in a premiere office park in town. All units are fully rented with two of the units having multiple tenants in each. Most tenants are on multi-year leases with renewal options and most of the leases are NNN. These units require very little if any maintenance. The association covers all exterior maintenance, plowing and landscaping and the interior of the units are the responsibility of the tenants. There has not been a special assessment in at least two decades according to the management company. Several of the units have been renovated in the last year This is a great, low risk opportunity to earn a great return and it's perfect for a 1031 exchange.

Location

State MA

County Hampden

Zoning BUS

Direction Corner of N. Main and Westwood

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available

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Listed by BKaye Realty
Bought with The BKaye Team • BKaye Realty
Katie Gellenbeck

Katie Gellenbeck

Advisor | License ID: 9558572

+1(206) 852-2256

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