474 Appleton St, Holyoke, MA 01040

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 1960

474 Appleton St is located in Holyoke, MA.

Two one-story masonry office buildings containing +/-14,465/sf of gross building area. The building is 100% rented with 8 tenants with suites between 700/sf to 6,000/sf. 474 Appleton St contains 7,191/sf & is occupied by 2 tenants; 476 Appleton St contains 7,274/sf & is occupied by 6 tenants. Mostly 4' x 4' ceiling tiles, recess fluorescent lighting w/combination carpeting & tiles floors. 474 Appleton St has one set of toilets; 476 Appleton St all units have individual toilets with some having kitchenettes. All tenants are on 1 to 3 year leases. Goss McLain Insurance Agency lease expires 4/12 but they have one 2-year option to extend with annual increase not to exceed $6,000 per year. Cap Rate: 9%; DCR - 1.28. ROI 10%. Good investment opportunity! Tenants pay a pro-rata share of any increase in taxes over their base year. Goss & McLain Insurance pay 1/3 of landscaping, snow removal and trash removal. 474 Appleton Street: this building has newer a/c. Heat is gas. 476 Appleton St has all individual electric heat pumps which provide heat and a/c. Good location with good access and visibility on well traveled secondary artery.