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    48 Main St Cummington, MA 01026

    Sponsored
    For Sale
    $259,900

    Westfield Riverfront Apartments - Updated & Profitable

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional income-generating property, situated on a desirable 0.47-acre lot along the banks of the Westfield River in Cummington, MA, presents a compelling investment opportunity. The property comprises six individual one-bedroom apartments, each equipped with its own separate heating and electrical systems, ensuring efficient utility management and tenant independence. Recent capital improvements significantly enhance the property's value and longevity. These upgrades include a completely new roof, replacement of all windows, installation of a state-of-the-art fire alarm system, a brand-new water heater, comprehensive electrical system updates, a fully renovated septic system, and the addition of a crucial egress stairway for enhanced safety and code compliance. All apartments come complete with included appliances, providing tenants with immediate convenience. Ample off-street parking is available for all six units, addressing a key tenant requirement. A portion of the driveway is shared with an adjacent property via a legally established right-of-way, ensuring convenient access for all residents. This turnkey investment property offers a blend of immediate income potential and long-term stability, making it an attractive proposition for discerning investors seeking a well-maintained and updated multi-family asset in a picturesque riverfront setting. The property is priced at $259,900.

    Property Features for 48 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    20,473 SF

    Building Details

    Year Built
    1816
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Gym & Fitness Furniture Store Travel Agency Garden Center Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cummington
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.8946
    Latitude
    42.46223

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    Nearby Similar for Sale

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      Income Property by Westfield River

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    FAQs

    What type of property is this?
    Commercial real estate - Westfield Riverfront Apartments - Updated & Profitable
    Where is this commercial real estate located?
    The property is located at 48 Main St Cummington, MA.
    What is the asking price?
    The asking price for this property is $259,900.
    (413) 584-5700
    Request Owner's contact information
    48 Main St Cummington, MA 01026
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    Cummington, MA 01026
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    48 Main St Cummington, MA 01026
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