1109 Dwight St Holyoke, MA 01040-3331
This stunning 1880 Victorian mini-mansion in Holyoke, MA, presents a unique investment opportunity. Located at 1109 Dwight St, this 4,200 square foot, mixed-use property sits on a 0.78-acre lot and offers immense potential. The spacious interior boasts up to eight bedrooms and four bathrooms, adaptable to a variety of commercial uses. Key features include a large kitchen ideal for catering or communal cooking, a formal dining room and sunroom perfect for gatherings or meetings, and a convenient laundry room. A wrap-around porch and a restaurant-quality outdoor patio provide charming outdoor spaces for entertaining or business activities. The property offers ample parking with five spaces. Permitted zoning allows for numerous uses, including convalescence housing, educational facilities, municipal facilities, hospitals, rehab centers, residential dwellings, daycare facilities, and religious facilities. With expansion potential in the attic, this property is a rare find for investors seeking a versatile and historically significant asset. The asking price is $739,000.
existing on April 1, 1986, and located in an R-2 (two-family residence) district, to expand that use by creating one additional dwelling unit in accordance with the following requirements: 1. The applicant shall file with the city council and the building commissioner a plan prepared by an architect registered in the Commonwealth of Massachusetts. Said plan…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2016Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Holyoke, MAexisting on April 1, 1986, and located in an R-2 (two-family residence) district, to expand that use by creating one additional dwelling unit in accordance with the following requirements: 1. The applicant shall file with the city council and the building commissioner a plan prepared by an architect registered in the Commonwealth of Massachusetts. Said plan shall show all proposed changes to the existing structure and shall be of sufficient detail to demonstrate that the altered structure will comply with all requirements of the state building code and this ordinance. The plan shall also be accompanied by a certification from the architect that all alterations, additions or improvements to the existing structure will conform to the "State Building Code of the Commonwealth of Massachusetts." The building commissioner shall review the plans and within 20 days submit to the city council any recommendations he may have on the proposed alterations. 2. The parcel of land for which the special permit is being requested shall contain at least 6,000 square feet of area. 3. Two additional off-street parking spaces shall be provided on the premises. In no case shall these additional parking spaces be allowed within the front yard setback area. The city council may reduce the number of additional off-street parking spaces for the premises. This reduction may only occur if, in the opinion of the city council, it will not be detrimental to the public good. In no case may the reduction result in the total number of spaces being less than five. 4. The special permit shall not be granted unless it is the judgment of the city council that it can be granted without substantial detriment to the public good and without derogating from the purpose of this ordinance. 7.2.11 Motor car race tracks, speedways; horse and dog race tracks and permanent outdoor concert facilities. Criteria used to determine whether a special permit should be granted are: 1. Proper access and egress and internal circulation. 2. Traffic impacts to the surrounding neighborhood. 3. Noise levels are reasonable and conducive to the surrounding neighborhood. 4. Structures or facilities are not within 2,000 feet of a residential, educational, church or municipal structure. 7.2.12 Temporary storage units.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
