50 Federal St, Belchertown, MA

Multi-Family for Sale
Catylist Listing ID: 30721377
Number of Units: 7 Units
Building Size (RSF): 4,860 SF
Gross Building Area: See Agent
Gross Land Area: 1.12 Acres
Sale Price: $599,000
Unit Price: $85,571.43 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/8/2021

Overview / Comments

On the market comes a much sought after 7 family investment property opportunity... Once a Stage Coach stop and Inn on the Boston to Northampton route, the historic Dickinson House is a 7 apartment, multi-family with many years of successful rental history and is fully rented and leased. Offering an excellent location on the bus route a stones throw away, and across the street from the grocery store, bank, restaurants and walk to shops. Building has many recent updates including many new windows, new roof and gutters last year. Buderus furnace is about 10 years old and heats 5 apartments each with it's own thermostat and provides hot water for the entire building. Property is professionally managed.

Additional Details

Nearest MSA: Springfield
County: Hampshire
Taxing Authority: Belchertown, MA
Tax ID/APN: 238-62
Zoning: 111
Property Located Between: Corner of Federal Street and Pelham Road
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1800
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: 12 Off-Street, Common, Deeded, Stone/Gravel
Total Parking Spaces: 12
Heat Type: Oil, Hot Water
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,953 21,463
Median Age: 39.95 41.16
Households: 3,811 8,168
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