266 Palmer Road

Monson, MA 01057

$249,900
Price
8
Beds
4
Baths
4,065 Sq. Ft.
$61 / Sq. Ft.
4,065
Sq. Ft.
$61
per Sq. Ft.

Description

An exciting investment opportunity awaits! Explore this fully occupied, vinyl-sided three-family home located in Monson. Each unit features separate utilities and convenient off-street parking. Currently, all units are tenanted by long-term occupants on a month-to-month basis. The exterior boasts durable vinyl siding and asphalt shingles, with the added bonus of a one-car detached garage. Whether you're expanding your portfolio or venturing into real estate investment for the first time, this property...An exciting investment opportunity awaits! Explore this fully occupied, vinyl-sided three-family home located in Monson. Each unit features separate utilities and convenient off-street parking. Currently, all units are tenanted by long-term occupants on a month-to-month basis. The exterior boasts durable vinyl siding and asphalt shingles, with the added bonus of a one-car detached garage. Whether you're expanding your portfolio or venturing into real estate investment for the first time, this property presents an ideal opportunity for income generation.
  1. Listed by Shelly Gingras • Coldwell Banker Realty - Western MA

Property Details for 266 Palmer Road

Town
Monson
Area
MA-Monson
Garage Spaces
1
Parking Spaces
10.00
Parking Spaces Total
11

Location

Listing Courtesy of Coldwell Banker Realty - Western MA, Shelly Gingras
Add your commute
LISTING UPDATED: 05/25/2024 03:08 AM

Property Details for 266 Palmer Road

StatusActive
MLS #73234100
Days on Market23
Taxes$5,102 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyHampden County

Location

Listing Courtesy of Coldwell Banker Realty - Western MA, Shelly Gingras
Add your commute

Building Information for 266 Palmer Road

Stories5Residences3Year Built1900Building Size-Lot Size0.85 AC / 36,940 SF

Payment Calculator

$1,789 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$425

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 266 Palmer Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, Public School
  • Living Area: 4065.0
  • Color: white
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Partial, Crawl, Bulkhead, Concrete Floor
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Varies
  • Interior Features: Living Room, Kitchen, Laundry Room
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Circuit Breakers
  • Heating: Forced Air, Natural Gas, Individual
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Tenant in unit 3 is currently behind on their rent.
Tax Information
  • Tax ID: M:107 B:027,3752514
  • Assessments: $321,700
  • Book: 6846
  • Tax Year: 2023
  • Zoning: RR
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone, Granite
  • Cooling Units: 0
  • Heat Units: 3
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $26,700.00
  • Insurance: $2,855.00
  • GRE: $474
  • NOI: $26,700.00
  • Operating Expense: $474.00
  • WSE: $474.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $22,250.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 266 Palmer Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 266 Palmer Road

Taxable ValueLand$60,900Additions$260,800Total$321,700
Tax Record2023$5,102 ($425 / month)
Home Facts
Baths4Total Finished SqFt4,065 SqFtAbove Grade Finished SqFt4,065 SqFtUnfinished Basement SqFt1,170 SqFtStories2Lot Size36,940 SqFtStyleTriplexYear Built1900ZoningRRCountyHAMPDENAPNMONS M:107 B:027

Schools near 266 Palmer Road

This home is within Monson School District.
Rating
School
Type
Grades
Distance
Public - 1 to 6
Public - 7 to 12
Public - 5 to 8
Private - 2 to 12
Rating
School
Distance
Granite Valley School
Public1 to 6

Monson Innovation High School
Public7 to 12

Granite Valley Middle School
Public5 to 8

Faith Baptist Christian Academy
Private2 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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266 Palmer Road is a multi-family home for sale in Monson, MA 01057. This property was listed for sale on May 7, 2024 by Coldwell Banker Realty - Western MA, it's currently listed at $249,900. This listing's school district is Monson School District. Nearby schools include Granite Valley School, Monson Innovation High School and Granite Valley Middle School. 266 Palmer Road is a 8-bed, 4-bath, 4,065 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty - Western MA, Shelly Gingras

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.