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SOLD 1/7/2016

7 Thorpe Ave, Holyoke, MA 01040$470,000

12
beds
12
baths
7350
ft2
· 8615
ft2 lot
$64 / ft2

Listing provided courtesy of Listing Broker: The Ashton, Gallagher & Bloom Team, Gallagher Real Estate
Source MLS PIN;
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Excellent investment opportunity with this 12 unit Brick building with a potential to gross $91,800/year! This well kept property features six 1 Bedroom apartments @ $695/month & six studio apartments at $595/month. Separate electric circuit breaker panels, newer gas steam heating system, newer vinyl windows. Convenient to I-91 & I-90. Coin operated laundry room in basement for additional income.

HOA

$—/month

On market

4 months

Year built

1910

Property type

5+ Family 5+ Units Up/Down

Parking

1

MLS

71866865

Price / Sq.Ft.

$64 / ft2

Status

Sold

Home details for 7 Thorpe Ave

Interior Features & Layout
Rooms Info
•   
Additional Rooms: Living Room, Dining Room, Kitchen, Living Room, Kitchen
•   
Common Rooms: Laundry
•   
Total Levels: 3, 2, 2
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 1, 1
•   
Total Rooms Unit 1: 4
•   
Total Rooms Unit 2: 3
•   
Total Rooms: 7, 42, 7
Interior Features
•   
Electric Details: Circuit Breakers, Individually Metered
•   
Utility Description: Heat, Water, Hot Water, Heat, Water, Hot Water
•   
Energy Details: Insulated Windows
Heating & Cooling
•   
Heating Units: 1
•   
Heating Description Unit 1: Steam, Gas
•   
Heating Details: Steam, Gas
•   
Heating Zones: 1
•   
Heating Description Unit2: Steam, Gas
Appliances
•   
Hot Water: Natural Gas
Bedrooms Info
•   
Total Beds: 12
•   
Unit 2 Beds: 1
•   
Unit 1 Beds: 1
Bathrooms Info
•   
Full Baths: 12, 12
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Flooring
•   
Flooring: Wood, Vinyl, Wall to Wall Carpet, Varies Per Unit
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 12
Exterior Features
•   
Color: Brick
•   
Building Exterior Details: Brick, Porch
Property Type
•   
Property Type: 5+ Family - 5+ Units Up/Down
•   
Mls Prop Type: 5+ Family - 5+ Units Up/Down
•   
Mls Property Type: Multi-family
Community Features
•   
Area Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, University
Lot Info
•   
Zoning: R-2
•   
Lot Description: Paved Drive, Level
•   
Acres: 0.20
Property Features
•   
Water View
Building Info
•   
Sqft Source: Public Record
•   
Foundation: Brick
•   
Roof: Rubber
•   
Year Built Description: Actual
•   
Water/Sewer Built: 2019
•   
Lead Paint: Unknown
•   
Year Built Source: Owner
•   
Construction Materials: Brick
Basement Info
•   
Basement
•   
Basement Details: Full, Interior Access, Concrete Floor
Parking Info
•   
Parking Descriptions: On Street Permit
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: 2019, City/Town Sewer
Utilities
•   
Utilities: for Gas Range
•   
Electric: 1645
Listing Details, Costs & Financing Information
Financial Info
•   
Insurance Expenses: 4291
•   
Fin Code: Conv. Fixed
•   
Finances Source: Owner Provided
•   
Apod Available
•   
Operating Expense: 12/14
Listing Info
•   
Offline Listing Number: 2130201
•   
Status: Sold
Lease Info
•   
Gross Revenue: 20390
•   
Gross Income: 92880
•   
Net Operating Income: 72490
•   
Rme: 1954
•   
Monthly Rent Unit 1: 695
•   
Monthly Rent Unit 2: 595
•   
Total Rent: 7740
•   
Gross Expenses: 6182
•   
Rfs: 2280
Tax/Assessment Info
•   
Tax Year: 2015
•   
Certificate Number: 41224
•   
Assessed Value: 353200.00
•   
Taxes: 6725.00
•   
Apn: M:0091 B:0000 L:48
Listing Contacts
•   
Selling Agent: J0001046
School Neighborhood & Directions
Location
•   
Street Number: 7
•   
Map Book: 19896
•   
Area: Highlands
•   
Map Page: 365
•   
Directions: Hampden to Thorpe
•   
Road Type: Public, Paved, Publicly Maint., Sidewalk
•   
Zip Code +4: 2468
School Info
•   
High School: HHS
Other
Other
•   
Main So: J00400
Calculation
•   
Price Per Sqft: 63.95
•   
List Price Per Sqft: 73.47
•   
Sold Price Per Sqft: 63.95
•   
Cdom Property: 117
•   
Cdom Broker: 117
•   
Cdom: 117

Neighborhood snapshot

56
Properties for sale
17
Median days on market
$160.94
Median sold price/sqft
102.77%
Sold/List %
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Property History for 7 Thorpe Ave

01/11/2016
01/11/2016
MLS PIN #71866865
sold
MLS PIN #71866865
$470,000
+27.89%
06/29/2013
06/29/2013
MLS PIN #71520603
sold
MLS PIN #71520603
$367,500

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