25-27 Pleasant St, Greenfield, MA 01301 listing details

Are you ready to become an investor in a peaceful school district, located across from community gardens? Now is your chance! Excellent Income producing 4 unit building ( 2972 SF) located in downtown Greenfield, fully occupied with consistent 10+ years tenants. 6 car parking, sheltered car port with picnic table, outside tenant open storage. Many updates and improvements made. This is a great chance to add to your investment portfolio and generate $35,000 yr in income! Location speaks, school district setting, corner lot, walk to downtown, small shops, coffee, YMCA, Middle School, CVS,... and Wendy's. Steps from public transportation. Easy to maintain, freshly painted exterior, gas heat, town sewer, town water, updated wiring, building insulated. 24 hour notice required for tenant to confirm showing appointment. Updates and Improvements over the past 15 years. All windows replaced 2001Building blown in insulation 2009Unit 1 - 2 New Bedrooms and Flooring 2015. Unit 3 Kitchen 2001Insulated basement ceiling.Slate Roof / Asphalt shingles on one section /rear roof replaced 2013.Side portion roof replaced 2015 by insurance claim.Electric was updated to two 100 AMP 2006.Partial Plumbing 2001-2015.All appliances in good condition and have been replaced within the past 5 years.Leased water heaterForced hot water and gas heatYard is maintained by tenants when landlord delivers mower. Town sewer and water.Freshly painted exterior 2015. Expenses from 2014Gross Income $3540Gross Expenses 2014 12,185Net Operating Income 23,155inquire for more details UNITSAccess Unit 1 (first floor) and unit 5 ( second floor) from parking lot/car port entrance.Access Unit 2 ( first floor) from Pleasant St left front door. This is a dedicated entrance. Access unit 3 ( second floor) from Pleasant St right front door, go up the stairs.There is no unit 4, but a total of 4 units.There are 3 access doors to the basement and one exterior walkout bulkhead. Basement gets occasional rain. RentsAccording to the seller, there are month to month leases, all rents include Heat, HW and electric. 2 tenants are section 8. These are both secured payment even when tenant is not able to pay. Long term 15 year tenant in unit 1 oversees the whole house thermostat. Unit 1 (first floor) is the largest and fully renovated, has 3 bedrooms, large kitchen, LR pantry and bath. $925. This unit is lead certified. Washer and Dryer belong to this tenant and are private use.The Landlord considers Unit 5 ( second floor) a 2 room studio $570, renovated 2001.Unit 2 ( first floor) the landlord considers a 2 room studio, although it has a unique arrangement with a partitioned bedroom. $650. Left front door is a dedicated access for this tenant.. Unit 3 (second floor) is considered 2 bedroom, one large and one partitioned. LR and Kitchen. $800 Show more