$1,485,000
$1,550,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
200 N Main St #3, 4, 5, 7 & 8 East Longmeadow, MA 01028
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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Bought with The BKaye Team • BKaye Realty


