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33-37 Eastern Ave, Northampton, MA, 01060 | $899,000
Income producing Northampton multi-family offers a solid, stable rental history with impressive room for growth. Very little exterior space to maintain. Walkable to downtown. Covenient to major routes, highways, cafes, shops, bike path, Smith College and bus routes. Easy access to Hadley, Amherst, Easthampton, Holyoke. 4 one level units on 2 floors plus a huge bonus space on the 3rd fl with multiple finished rooms & 2 bathrooms that a new owner can explore converting for maximizing income. Uses might incl studio space, home offices, or expansion of current units. Full basement w/ laundry hook-ups, updated elec panels, replacement windows, newer heating systems. Current rents include trash/snow removal. Most utilities separate. This property produces income today even with rents that appear to be under market. The additional advantage of untapped potential for increased value makes this is a golden opportunity for both savvy investors and future owner-occupant buyers.
Features
- Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, University, Other
- Rooms: 18
- Bedrooms: 6
- Baths: 6 full
- Units: 4
- Year Built: 1915
- Basement: Full, Partial, Interior Entry, Concrete, Unfinished
- Approx Sq. Feet: 5,588
- Acreage: 0.1
- Est. Taxes: $8,511
- Lot Desc: Corner Lot, Other
- Appliances: Range, Refrigerator
- MLS#: 73365698
- Website: https://www.raveis.com
/prop/73365698/3337easternave_northampton_ma?source=qrflyer
Listing by Andrea C. Kwapien courtesy of Delap Real Estate LLC
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
John Carlos MachadoVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 2064879
860.604.0905
JohnCarlos.Machado@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Justin SchunkInsurance Sales Director, William Raveis Insurance
860.966.4966
Justin.Schunk@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
33-37 Eastern Ave, Northampton, MA, 01060
$899,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
John Carlos Machado
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.604.0905
JohnCarlos.Machado@raveis.com
NMLS Mortgage Loan Originator ID 2064879
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $719,200 | $719,200 | $719,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.663% | 6.751% | 6.309% |
| Monthly Tax Payment | $709 | $709 | $709 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,140 | $4,605 | $6,118 |
| Total Monthly Payment | $4,941 | $5,406 | $6,919 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630