71 Walnut St, Holyoke, MA 01040

Choose nearby businesses to show on the map:

Building Details:

71 Walnut St is located in Holyoke, MA.

Properties consist of one six-family dwelling and one four-unit townhouse condominium in two separate builings. The condo units are 4room/2br/1 1/2 baths each. All the units are rented on a month-to-month basis except for one condo unit that is on a lease. The six-family rents ranged from $370 to $540 per month with lower range rents being net of utilities and higher rents which there are two, include heat/electric. The four condo units rents ranged from $825 to $900 per month with tenants paying all their own utilities. There is a detached 10-car garage with each garage rented for $60 per month. The properties are located on two separate but contiguous parcels.

Property located on quiet residential street near the South Hadley Bridge. There is elderly housing located across the street along with some two-family dwellings, and newer condominium units. Property is located about 500 yards from "Edgewater Garden Condominiums" - sale prices for similar units ranged from $120k to $137k per unit.

Unique opportunity for investor - keep for cash flow or sell condominium units off when market for condominium units are more favorable. Owner's attorney has all condominium paper work on file in his office but has not filed - sale would include paperwork. Owner would consider selling separately.

The six-family was built +/-1890's and the townhouse condominium was built in 2007.