MLS Number 72372680
- Multi-Family 5-9 Family
- Year Built 1998
- Bedrooms 34
Stony Brook Lodge is located in 3 different buildings and has a total of 32 apartments. Has 2 -2 bedroom, 4 rm apts, and 30 - 3 rm, 1 brm apts. - Located on Rt. 202-Presently,rented out with 1 year leases or buyer has option to rent out furnished units for corporate housing with Motel/Hotel license included with the sale. Units include central heat, central a/c, gas hot water, wireless internet and cable TV. Two laundry rooms with a total of 4 washers and 4 gas dryers. NOI- $286,476.00, Cap Rate - over 9 %.Owner will financing to qualified buyer with 25 % down, 3 yr. arm. Non smoking in all 3 buildings. Potential buyer needs proof of funds and pre approval letter to view apartments. Apartments are 100 % occupied and 0 vacancy rate. Attracts Mt. Holyoke College, U. Mass. Hampshire College grad students as well as Town employees from S. Hadley, Ludlow, Springfield, and Chicopee. Holding all last mos. and security deposits on 31 units. Sec. deposit in the amount of rent.
Listed by Diane Bernashe - Lecca of Bernashe Realty, Inc
Listing Sold by NRG Real Estate Services, Inc.