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38-40 Morse Ave, Ware, MA 01082

$465,000
•
7
bed
4
bath
3,384
Sqft ($137/Sqft)

Multi-family for sale 12 hours

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About 38-40 Morse Ave

Property type Multi-family

Year built 1890

HOA fee $0/month

Lot size 0.35 Acre

Movoto estimate

Parking 3 garage spaces

Property description

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.

Listed by

Listing Agent - Tracy LaRosa

Listing Office - Daisy Hill Real Estate and Rentals

Source: MLS Property Information Network, Inc.

MLS#73543390 • last updated 12 hours ago

Movoto checked MLS Property Information Network, Inc. for data 3 minutes ago

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Overview
Heating	Oil, Electric
Levels/Style	4, 4
MLS #	73543390
Type	Residential Income
Status	Active
SubType	4 Family
SqFt	3384
Lot Size (SqFt)	15398
Lot Size (Acres)	0.35
Annual Property Tax	4277
Year Built	1890

Interior
Total # of Bathrooms	4
# Full Baths	4
Total # of Bedrooms	7
Basement	Full, Interior Entry, Unfinished
Total # of Rooms	16
Laundry	Washer Hookup, Dryer Hookup
Flooring	Varies
Appliances	None, Range, Refrigerator, Washer, Dryer
Interior Features	Bathroom With Tub & Shower, Internet Available - Unknown, Ceiling Fan(s), Kitchen, Living RM/Dining RM Combo, Mudroom, Living Room

Exterior
Foundation	Stone, Brick/Mortar, Irregular
Roof	Shingle
Construction	Frame
# Covered Spaces	3
Parking Desc	Paved Drive, Shared Driveway, Off Street, Common, Paved
# Parking Spaces	11
# Garage Spaces	3
Exterior Features	Varies Per Unit
Patio/ Porch	Porch
Lot Desc	Cleared, Gentle Sloping

Amenities / Utilities
Sewer	Public Sewer
Utilities	Varies Per Unit
Electricity	Circuit Breakers, Common, Individually Metered
Water Source	Public

Location
County	Hampshire
Community Features	Public Transportation, Shopping, Medical Facility, Laundromat, House Of Worship, Public School, Sidewalks
Zoning	SR
APN	M:00058 B:00000 L:00019
Directions	GPS Friendly

Multifamily Details
Rent Includes	Unit 1(Water, Other (See Remarks)), Unit 2(Water, Other (See Remarks)), Unit 3(Water, Other (See Remarks)), Unit 4(Water, Other (See Remarks))
Net Operating Income	44156
Operating Expense	4924
Total Actual Rent	4090
Financial Data Source	Estimated, Owner
Expense: Water/ Sewer	2560
Gross Income	51600
Expense: Electricity	384