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Athol, MA. 01331-2226

MLS # 72365904 - Sold
Multi-Family 5-9 Family    

List Price $434,900 Days on Market  
List Date   # Units 10
Sale Price $400,000 # Floors  
Sold Date 9/11/18 Rooms 18
Assessed Value $302,200 Bedrooms 18
Gross Living Area 7,704SF Full Baths 10
Lot Size 8,400SF Half Baths 0
Taxes $6,165.00 Fireplaces  
Tax Year 2017 Basement Yes
Zoning res Waterfront No
Est. Street Front   Beach Nearby No
Year Built 1900 Parking Spaces 9
    Garage Spaces 0


A review of revenue/expenses will tell you this property makes money!! 10 unit multi-famiy with rents below market value not raised in several years. Tenants pay own heating costs. Some are long term tenants with excellent history, others are newer but collections are reliable and have the potential to increase. Operating costs are low and consistent and maintenance has been kept up through the years. Many improvements include new electric hot water system and renovated apartments.

Amenities   Public
   Shopping, Park, Golf
   Course, Medical
   Facility, Laundromat,
   Highway Access, Public
Basement   Full,
   Partially Finished, Walk
   Out, Concrete Floor
Construction   Frame,
   Brick, Stone/Concrete,
   Post & Beam
Electricity   220 Volts,
   Individually Metered
Energy   Storm Doors,
   Varies per Unit
Exterior   Aluminum,
Exterior Feat.   Porch,
   Balcony, Gutters,
   Sprinkler System, Garden
Flooring   Wood, Tile,
   Wall to Wall Carpet,
   Varies Per Unit,
Foundation   Poured
Heating Zones   10
Hot Water   Electric
Lead Paint   Unknown
Lot   Paved Drive, Shared
Parking   Off-Street,
Road   Public
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Electric Range, for
   Electric Oven
Unit 1 Bedrooms: 2; Floor: 1; Full Baths: 1; Lease: Yes; Levels: 1; Rent: 700; Rooms: 4
Unit 2 Bedrooms: 2; Floor: 1; Full Baths: 1; Lease: No; Levels: 1; Rent: 700; Rooms: 4
Unit 3 Bedrooms: 2; Floor: 1; Full Baths: 1; Lease: No; Levels: 1; Rent: 700; Rooms: 4
Unit 4 Bedrooms: 1; Floor: 2; Full Baths: 1; Lease: No; Levels: 1; Rent: 475; Rooms: 2
Financial Info
Electricity   $3,217
Expenses Source   Owner
Expenses Year End   08/17
Gross Expenses   $28,563
Gross Oper. Income  
Insurance   $3,167
Management Fee   $9,000
Misc.   $1,500
Net Oper. Income   $49,637
Refuse Removal   $2,000
Repairs & Maint.   $2,000
Sewage   $2,507
Water   $2,507
Additional Information
APOD Available?   Yes
Anticipated Sale Date  
Deed   Book: 49352, Page:
   384, Cert. #: 0000000883
Disclosures   Listing
   agent is also property
Foreclosure   No
GLA Source   Public Record
Off Market Date   8/5/18
Parcel #   M:00030 B:00025
Seller Disclosure Doc  
Short Sale   No
Terms   Contract for Deed
Year Built Desc.  
Year Built Source   Public

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Property Last Updated by Listing Office: 9/11/18 10:05am

Courtesy: MLSPIN

Contact agent for more information about this listing
Listing Office: Godin Real Estate Listing Agent: Jesse Bialkin

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