21 Dwight, Agawam, MA 01001
- $2,550,000
- 22
- BA
- 6,696
- SqFt
- List Price
- $2,550,000
- Status
- ACTIVE
- MLS#
- 73534182
- Price Change
- ▼ $250,000 1781565013
- Year Built
- 1965
- Levels
- 2
- Bathrooms
- 22
- Acres
- 0.68
- Living Area
- 6,696
Property Description
22-unit studio apartment building with strong cash flow and value-add potential. T-12 through May 2026 reflects approximately $189,000 NOI. Property features numerous upgrades, including plank flooring, LED lighting, composite decking, and four sets of coin-operated laundry equipment generating additional income. Opportunity exists to further increase revenue through operational improvements, potential heat pump installation, and possible expansion of basement space (subject to buyer verification, permits, and approvals).Property appraised at approximately $2.5M in 2023 prior to subsequent improvements and rent growth initiatives. Located in a desirable rental market with limited multifamily inventory. Seller financing, hard money, sale-leaseback, and other creative structures may be considered.
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Additional Information
- Days on Market
- 46
- Taxes
- $16,555
- Lot Size
- 29,800
- Sewer
- Public Sewer
- Water Source
- Public
- Exterior
- Brick
- Parking Spaces
- 28
Mortgage Calculator
Listing courtesy of Listing Agent: Russell J. Sabadosa from Listing Office: Premier Choice Realty.