MLS® ID: 72431904
200 N Main St Unit 3,4,5,7 & 8
East Longmeadow, Massachusetts, 01028 $1,625,000
GREAT INVESTMENT OPPORTUNITY!! Priced at a 9% cap rate, this listing is for FIVE commercial condo units in a premiere office park in town. All units are fully rented with two of the units having multiple tenants in each. Most tenants are on multi-year leases with renewal options and most of the leases are NNN. These units require very little if any maintenance. The association covers all exterior maintenance, plowing and landscaping and the interior of the units are the responsibility of the tenants. There has not been a special assessment in at least two decades according to the management company. Several of the units have been renovated in the last year This is a great, low risk opportunity to earn a great return and it's perfect for a 1031 exchange.