CASH COWS!!!!! This block to be sold with 116-124 Sargent Street. The list price for both is 1,675,000 the cap rate is great at 11.12. Total combined monthly rents are 22,405 with a gross annual rent of 268,860. After all expenses are paid the net income for both blocks is still a dynamite 186,381.06. Many rents can be raised. The garage in the back is rented out at 275 a month. All of the electric panels were replaced just before Seller owned this property. This is also a neat and clean property inside and out. A great package being offered with the two apartment blocks together. I don't think this will last to long with such a great cap rate and combined income. MUST HAVE A LENDER PREAPPROVAL TO VIEW OR PROOF OF FUNDS IF A TOTAL CASH DEAL
Multi-familyProperty Type
1927Year Built
6,050 sq ftLot Size
$63Price/Sq.Ft.
1 car garageParking
Listed by Donna Taylor• Keller Williams Realty
Bought with The Gallagher, Aguasvivas & Bloom Team• Gallagher Real Estate
Georgian-style brick apartment building with 10 units. Totally renovated in 2006. Renovation included new heating and hot water systems, upgraded electric and a new roof. All apartments with deleaded certificates. The building includes 800 square foot garage/workshop, a laundrymat. Apartments have replacement windows and polished oak floors.
Year
Property tax
Land + Additions
Assessment*
2023
$7,450 (−2.6%)
$80,000 + $317,100
$397,100
2022
$7,648 (+4.1%)
$80,000 + $317,100
$397,100
2021
$7,346 (+2.6%)
$75,000 + $306,200
$381,200
2020
$7,163 (+7.9%)
$75,000 + $300,400
$375,400
2019
$6,638 (+0.8%)
$65,000 + $279,100
$344,100
2018
$6,583 (−0.2%)
$65,000 + $279,100
$344,100
2017
$6,596 (+3.7%)
$65,000 + $279,100
$344,100
2016
$6,363 (+0.4%)
$65,000 + $267,800
$332,800
2015
$6,337 (−23.6%)
$65,000 + $267,800
$332,800
2014
$8,296 (+92.7%)
$65,000 + $370,700
$435,700
2013
$4,305 (+8.9%)
$65,000 + $169,600
$234,600
2012
$3,953 (+6.8%)
$65,000 + $169,600
$234,600
2011
$3,702
$65,000 + $169,600
$234,600
Tax history for 263 Elm St
Year
Property tax
Land + Additions
Assessment*
2023
$7,450 (−2.6%)
$80,000 + $317,100
$397,100
2022
$7,648 (+4.1%)
$80,000 + $317,100
$397,100
2021
$7,346 (+2.6%)
$75,000 + $306,200
$381,200
2020
$7,163 (+7.9%)
$75,000 + $300,400
$375,400
2019
$6,638 (+0.8%)
$65,000 + $279,100
$344,100
2018
$6,583 (−0.2%)
$65,000 + $279,100
$344,100
2017
$6,596 (+3.7%)
$65,000 + $279,100
$344,100
2016
$6,363 (+0.4%)
$65,000 + $267,800
$332,800
2015
$6,337 (−23.6%)
$65,000 + $267,800
$332,800
2014
$8,296 (+92.7%)
$65,000 + $370,700
$435,700
2013
$4,305 (+8.9%)
$65,000 + $169,600
$234,600
2012
$3,953 (+6.8%)
$65,000 + $169,600
$234,600
2011
$3,702
$65,000 + $169,600
$234,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
15
Baths
10
Stories
5
Lot width
—
Lot depth
—
Lot size
6,098 Sq. Ft.
Year renovated
—
Sq. Ft.
8,250
Year built
1927
Style
Multi-Family (5+ Unit)
County
Hampden County
APN
2529288
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
DR
Downtown Residential District
The downtown residential district has been established to encourage infill and redevelopment that is in keeping with the existing neighboring buildings and structures; to permit a flexible approach to redevelopment of larger parcels; to promote a mix of residential and smaller-scale commercial uses in the same building or neighborhood; and to increase property values in downtown residential neighborhoods.
Permitted uses
Include but are not limited to:
Bank
Day care facility
General retail
Restaurant
Rehabilitation center
Housing-Single unit
Housing-Multiple units
Office
Medical office
Public service
Property details
Parking
Parking Information
Has Garage
# of Garage Spaces: 1
# of Covered Spaces: 1
Parking Features: Off Street
Interior
Bathroom Information
# of Bathrooms (Full): 10
Basement Information
Basement: Full
Interior Features
# of Rooms (Total): 35
Flooring: Wood, Tile
Interior Features: Living Room, Kitchen
Unit #1 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 3
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 3
Unit #4 Information
# of Levels: 1
# of Floors: 1
Exterior
Building Information
Building Area (Total): 8,250
Foundation Details: Brick/Mortar
Construction Materials: Frame, Brick
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Approximate
Color: brick
Lead Paint: Certified Treated
Exterior Features
Roof: Rubber
Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down
Lot Information
Lot Size (Acres): 0.14
Lot Features: Level
Road Surface Type: Paved
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $6,596
Tax Year: 2017
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers, Individually Metered
Heating & Cooling
Has Heating
Heating: Natural Gas
Location
Location Information
Directions: Off Cabot a right on Elm
UnparsedAddress: 263 Elm St, Holyoke MA 01040
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School
Public facts
Beds: 15
Baths: 10.0
Sq. Ft.: 8,250
Stories: 5.0
Lot Size: 6,098 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1927
Year Renovated: —
County: Hampden County
APN: 2529288
Home facts updated by county records on Jul 19, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
K - 12
Preschool & daycare
H.B. Lawrence School
Public PreK-5 • Assigned • 0.1mi
1/10
Holyoke STEM Academy
Public 6-8 • Assigned • 1.9mi
2/10
Holyoke High School
Public 9-12 • Assigned • 0.5mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 98° expected this year, 16 days in 30 years
5/10 Wind Factor
23% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Holyoke, MA • 01040
Average low and high temperatures (°F)
31
16
33
17
50
30
61
40
69
49
80
59
84
64
80
57
75
53
62
42
51
33
36
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.