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. Offers due by 8/3/26.
| MLS # | 73534182 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1965 |
| Days On Site | 104 |
| Listing Provided By | Premier Choice Realty, Inc. | Russell J. Sabadosa |
| Bath(s) | 22 Total |
|---|---|
| SQ Feet | 6,696 |
| Story(s) | 2 |
| Units | 22 |
| Zoning | res |
| Acreage | 0.68 |
| Rooms Total | 22 |
|---|---|
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Roof | Shingle |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Concrete Perimeter |
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive |
| Open Parking Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Tax Annual Amount | 16555 |
|---|---|
| Tax Assessed Value | 1174100 |
| Tax Year | 2026 |
| Community Features | Public Transportation, Park |
|---|---|
| Senior Community Yes / No | No |
| State | MA |
|---|---|
| County | Hampden |
| City | Agawam |
| Zip Code | 01001 |
| Area | Hampden |
| Listing VS Median (in 01001) | |
Price: $2,376,250 low | high Med: $319,950 sqft: 6,696 low | high Med: 1,231 $ / sqft: $355 low | high Med: $264 On site: 104 low | high Med: 9 | |
| State | MA |
|---|---|
| County | Hampden |
| City | Agawam |
| Zip Code | 01001 |
| Area | Hampden |
| Listing VS Median (in 01001) | |
Price: $2,376,250 low | high Med: $319,950 sqft: 6,696 low | high Med: 1,231 $ / sqft: $355 low | high Med: $264 On site: 104 low | high Med: 9 | |