3 Robie Street

Description

OUTSTANDING INVESTMENT OPPORTUNITY IN THE HEART OF AMHERST! This 17-year-old gathering hall has been extensively and thoughtfully renovated by one of the area's most reputable and creative developers, transforming it into eight brand-new, ultra efficient rental units right in the center of town. All units are ground level, easily accessible, and within walking distance of Amherst's downtown core. Everything is new-from the metal roof, double insulation in attic, triple-pane vinyl windows and interior walls insulated beyond code to the plumbing and waste lines leading to the street-offering true peace of mind for years to come. There is even a five-year warranty on all of the brand new appliances! This property would make an excellent addition to any investor's portfolio, especially for those seeking a low-maintenance, turnkey opportunity. The layout includes four one-bedroom units (with Unit 5 being wheelchair accessible as shown in listing photos) currently renting for $1,150 per month, two two-bedroom units renting for $1,450 per month, and two three-bedroom units renting for $1,650 per month. All units are heated with electric baseboards and ductless heat pumps, with heating costs included in the rent. The projected net operating income is $105,106 annually, based on full occupancy and excluding a management fee, as the current owner is managing the building. If you've ever considered owning rental property but were hesitant about construction or unexpected repair costs, this is the perfect opportunity. Amherst has a strong rental market with an exceptionally low vacancy rate, making this property a smart and stable investment. Take the time to view this one in person-you won't be disappointed!