Looking for a good investment look no further. This 24 unit building is located in a popular area of Amherst. There have been numerous upgrade over the past few years and the building is in great shape. Most of the carpet has been replaced with laminate. There is a new entry system that include camera's. There are new laundry machines and most of the units have been freshly painted. The siding was replaced in 2025 along with part of the roof. There is a strong with occupancy rate and a net income of $249,603.00 that give you a CAP rate of 6%. Call today. At least 48 hours notice needed to view.
Spring Street to Rupert Street to Civic 99 - known locally as The Price of Whales Apartments
Listing Sub-Area:
101-Amherst, Brookdale, Warren
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Building Dimenions:
unknown
Lot Size:
0.92 acre(s)0.37 hectare(s)
Prop Size:
0.5 to 0.99 Acres
# of Rental Units / Occupied:
24
Year built:
1996
(Age: 29)
Age:
29
Foundation:
Concrete
New Constr.:
No
Basement:
Fully Developed
Floor Finish:
Carpet, Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Driveway:
Paved
Water Supply:
Municipal
Water And Sewage:
8,526.00
Sewer:
Municipal
Num Units:
24
Num 1 Bed Units:
2
Num 2 Bed Units:
22
# Of Fridges:
24
# Of Stoves:
24
Rental Income:
Yes, 293436.00
Laundry Income:
1152.00
Other Income:
7200.00
Approx. Net Income:
249,603.00
Insurance Expense:
12.120.00
Taxes Costs:
27,449.00
Other Costs:
2,639.00
Maintenace:
3655.0
Snow / Garbage Collection:
4,462.00
Electricity Bill:
3,701.00
Approx. Total Expense:
62,552.00
Approx. Total Income:
312156.00
Balcony, Security Building
Park, Playground, Recreation Center, Shopping, Place of Worship
Data was last updated August 31, 2025 at 11:20 PM (UTC)
Area Statistics
Listings on market:
81
Avg list price:
$375,000
Min list price:
$77,900
Max list price:
$4,200,000
Avg days on market:
76
Min days on market:
5
Max days on market:
963
These statistics are generated based on the current listing's property type
and located in
Northern Region. Average values are
derived using median calculations. This data is not produced by the MLS® system.