1109 Dwight StHolyoke, MA 01040

Property Details for 1109 Dwight St

Lot size

0.78 AC

Zone code

R-2

Property type

Investment properties

Property subtype

Live-work space

APN

HOLY M:0074 B:0000 L:12

APU

HOLYM0074B0000L12

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,637,583

  6.5%

  $5,203,923

  7%

  $4,832,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,455,376

  Geo Method

  $4,455,376

• Alternative Use

  Use

  Valuation

  Residential

  $6,452,864

  Hospitality

  $5,910,789

  Educational

  $4,917,707

  Medical

  $5,086,834

  Retail

  $7,649,767

Location Insight

City

Holyoke

County

Hampden

State

Massachusetts

Latitude

42.2115

Longitude

-72.6192

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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