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27 Gallup St 3 Unit Apartment Building $373,787 CAD ($124,596 CAD/Unit) 8.59% Cap Rate North Adams, MA 01247
EXECUTIVE SUMMARY
Three family investment opportunity in the heart of North Adams that is perfectly situated near downtown, Mass MoCA, MCLA, shopping, and local schools. Offering two units with three bedrooms and one bathroom and the final unit featuring two bedrooms and one bathroom. Each of the three units has been updated over recent years, along with a newer heating system and updated electrical for the building. Currently the property is fully occupied which leads to immediate cash flow.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$67,664
|
$22.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,664
|
$22.55
|
| Taxes |
$3,422
|
$1.14
|
| Operating Expenses |
$45,939
|
$15.31
|
| Total Expenses |
$49,361
|
$16.45
|
| Net Operating Income |
$18,303
|
$6.10
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $67,664 |
| Annual Per SF | $22.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $67,664 |
| Annual Per SF | $22.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,422 |
| Annual Per SF | $1.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $45,939 |
| Annual Per SF | $15.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,361 |
| Annual Per SF | $16.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $18,303 |
| Annual Per SF | $6.10 |
PROPERTY FACTS
| Price | $373,787 CAD | Property Subtype | Apartment |
| Price Per Unit | $124,596 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 8.59% | No. Stories | 2 |
| No. Units | 3 | Year Built | 1900 |
| Property Type | Multifamily |
| Price | $373,787 CAD |
| Price Per Unit | $124,596 CAD |
| Sale Type | Investment |
| Cap Rate | 8.59% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.14 AC |
| Building Size | 3,000 SF |
| No. Stories | 2 |
| Year Built | 1900 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | $2,320 CAD | - |
| 2+1 | 1 | $1,870 CAD | - |
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27 Gallup St
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