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.
- Parking:
- Paved Drive
- Construction:
- Brick
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Sold AS-IS. Third-party owned Sunnova Power Purchase Agreement (PPA) solar system present. Buyer and buyer's agent to verify current system status, production, payment amount, transferability, purchase/prepayment options
- Garage Parking
- Lead Paint:
- Certified Treated
- Market Time:
- 48
- Parking Spaces:
- 28
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $338
- Zoning:
- res
- No Units:
- 22
- Orig Price:
- $2,800,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Price Changed
- City:
- Agawam
- State:
- MA
- County:
- Hampden
- Postal Code:
- 01001
- Longitude:
- W73° 22' 4.3''
- Latitude:
- N42° 5' 37.6''
Residential Income
21 Dwight, Agawam, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,260,000
- Rooms :
- 22
- Total Bathrooms :
- 22
- Full Bathrooms :
- 22
- Square Footage :
- 6,696 Sqft
- Year Built :
- 1965
- Lot Area :
- 0.68 Acre
- Listing ID :
- 73534182
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
