About 38-40 Morse Ave
This four-family property features three 2-bedroom units and one 1-bedroom unit with a mudroom/three-season room, and all 4 units are currently occupied, providing immediate rental income. Three of the four units offer convenient washer and dryer hookups, adding appeal for tenants. Additional income potential comes from the large, fully rented garage, plus the third floor is currently rented for storage with the possibility of finishing the space for even greater revenue (buyer to perform due diligence). Situated on a dead-end street with sidewalks, off-street parking, and a large yard with perennial flowers and a stream, this property offers an attractive setting for tenants. A rare opportunity to own an income-producing property with multiple avenues for possible growth. The owner pays water/sewer, refuse removal, landscaping, snow removal, and common area electricity. Note: Additional rent is paid by tenants for the garage and 3rd-floor storage space beyond their monthly rent.
Features of 38-40 Morse Ave
| MLS® # | 73543390 |
|---|---|
| Price | $465,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,384 |
| Acres | 0.35 |
| Year Built | 1890 |
| Type | Residential Income |
| Sub-Type | 4 Family |
| Status | Active Under Contract |
Community Information
| Address | 38-40 Morse Ave |
|---|---|
| City | Ware |
| County | Hampshire |
| State | MA |
| Zip Code | 01082-1531 |
Amenities
| Utilities | Varies per Unit |
|---|---|
| Parking Spaces | 11 |
| Parking | Paved Drive, Shared Driveway, Off Street, Common, Paved |
| # of Garages | 3 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Bathroom With Tub & Shower, Internet Available - Unknown, Ceiling Fan(s), Kitchen, Living RM/Dining RM Combo, Mudroom, Living Room |
|---|---|
| Appliances | None, Range, Refrigerator, Washer, Dryer |
| Heating | Oil, Electric |
| Fireplace | No |
| # of Stories | 4 |
| Stories | 4 |
Exterior
| Exterior Features | Varies per Unit |
|---|---|
| Lot Description | Cleared, Gentle Sloping |
| Roof | Shingle |
| Construction | Frame |
| Foundation | Stone, Brick/Mortar, Irregular |
Additional Information
| Zoning | SR |
|---|
Listing Details
| Agent | Tracy Larosa |
|---|---|
| Office | Daisy Hill Real Estate and Rentals |