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<Back to Page			Property 14 of 130 Selections

New Listing - Great investment -- 3 family

$129,900 Positive Cash Flow!

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Address: 168 Walnut Street	City/ST: Athol, MA	Zip Code: 01331
Location: Athol, MA	Property Type: Multi Family Home	New or Resale: Resale
Square Footage: 2078	Bedrooms: 4	Bathrooms: 3
MLS# 70861891	Property Tax: 1651	Monthly Rent Estimate: $1,775

This one has positive cash flow from day one! Three terrific tenants that have all occupied the property for a while. The building itself is well-kept, with updated furnace, newer carpet on first 2 floors, and many replacement windows. The landlord currently includes heat in the rent, but each apartment is on a separate zone and there are 2 functioning heating systems in the building, so add a third and you could make tenants responsible for heat if you choose. Oil usage last year was approximately 900 gallons for the building, so it might be just as well to leave it as is! Future upgrades to consider are the roof and electrical. The roof is older and showing signs of wear, but does not currently leak. Estimates for replacement gathered by the Seller started at about $3500 for the job. The electrical boxes are each 60 amp fuses -- they work fine, but upgrading to 100 amp circuit breaker panels might be the next thing to consider. Seller was told that this would run about $900 per panel to install. Apartments are laid out nicely and are in good shape. The tenants (did I mention that they are terrific) keep their homes nice and tidy. Each unit has washer dryer hookup. Plenty of off street parking. Invest while prices are low!

Last Updated: 1/9/2009 8:03:21 AM

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