Athol, MA. 01331-2226
MLS # 72365904
Multi-Family 5-9 Family    
Status Sold
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  
Lot Size 8,400SF Half Baths  
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
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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 Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, Highway Access, Public School
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, Brick
Exterior Feat. : Porch, Balcony, Gutters, Sprinkler System, Garden Area
Flooring : Wood, Tile, Wall to Wall Carpet, Varies Per Unit, Laminate
Foundation : Poured Concrete
Heating Zones : 10
Hot Water : Electric
Lead Paint : Unknown
Lot : Paved Drive, Shared Drive
Parking : Off-Street, Stone/Gravel
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

Electricity : $3,217
Expenses Source : Owner Provided
Expenses Year End : 08/17
Gross Expenses : $28,563
Gross Oper. Income : $80,700
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

APOD Available? : Yes
Anticipated Sale Date : 09/10/2018
Deed : Book: 49352, Page: 384, Cert. #: 0000000883
Disclosures : Listing agent is also property manager
Foreclosure : No
GLA Source : Public Record
Off Market Date : 8/5/18
Parcel # : M:00030 B:00025 L:00000
Seller Disclosure Doc : Yes
Short Sale : No
Terms : Contract for Deed
Year Built Desc. : Approximate
Year Built Source : Public Record


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