200 N Main St , 3,4,5,7 & 8

    East Longmeadow, MA 01028
    • $1,485,000
    • STATUS: Sold
    • MLS #: 72586520
    Sold - 10/25/2019
    $1,485,000
    SOLD - 10/25/2019
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    Listing courtesy of The Bkaye Team of Bkaye Realty.

    Description

    GREAT INVESTMENT OPPORTUNITY!! Priced at a 9% cap rate, this listing is for FIVE commercial condo units in a premiere office park in town. All units are fully rented with two of the units having multiple tenants in each. Most tenants are on multi-year leases with renewal options and most of the leases are NNN. These units require very little if any maintenance. The association covers all exterior maintenance, plowing and landscaping and the interior of the units are the responsibility of the tenants. There has not been a special assessment in at least two decades according to the management company. Several of the units have been renovated in the last year This is a great, low risk opportunity to earn a great return and it's perfect for a 1031 exchange.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2019-11-12T19:07:24.507.
    www.trustrealtyone.com/homes/100405600

    200 N Main St , 3,4,5,7 & 8 East Longmeadow, MA 01028

    • Price: $1,550,000
    • Status: Sold
    • Updated: 17 min ago
    • MLS #: 72586520
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1970
    Built
    Neighborhood:
    Other
    County:
    Hampden
    Area:
    Other
    Property Description
    GREAT INVESTMENT OPPORTUNITY!! Priced at a 9% cap rate, this listing is for FIVE commercial condo units in a premiere office park in town. All units are fully rented with two of the units having multiple tenants in each. Most tenants are on multi-year leases with renewal options and most of the leases are NNN. These units require very little if any maintenance. The association covers all exterior maintenance, plowing and landscaping and the interior of the units are the responsibility of the tenants. There has not been a special assessment in at least two decades according to the management company. Several of the units have been renovated in the last year This is a great, low risk opportunity to earn a great return and it's perfect for a 1031 exchange.
    Exterior Features

    Construction Steel Driving Doors 0 Loading Docks 0 Location SuburbanOffice ParkPublic Transportation Parking Features OpenPaved DrivewayOn Site Parking Spaces 30 Stories 1

    Interior Features

    Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Restrooms 2 Rsf Building Sq Ft 0.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 632300.00 Assessed Value Land 0.00 Assessed Value Total 390900.00 Assoc Fee Includes Master InsuranceExterior MaintenanceRoad MaintenanceLandscapingSnow RemovalRefuse RemovalParking Commercial Industrial Type Commercial Condo Condo Association Yes Disclosure No Disclosures Seller is Listing Broker. Exchange No Finance Code Conv. Fixed Gross Annual Expense 24280.00 Gross Annual Income 169054.00 Lease No Lease Type Triple Net Lease (Nnn)Other (See Remarks) Lender Owned No Mau Units 0 Net Operating Income 144776.00 Ofu Units 6 On File21 E No Reu Units 0 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2018 Taxes 23340.00 Utilities Public WaterPublic SewerNatural Gas Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Bus

    Listing information © 2019 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of The Bkaye Team of Bkaye Realty.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2019-11-12T19:07:24.507.
     
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    Listing courtesy of The Bkaye Team of Bkaye Realty.