Investment Analysis — 2 Jeffrey Lane

Westfield, MA 01085 — Hampden Village

Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 2-bedroom in 01085 carries an estimated $1,640/mo in gross rent — about a 5.89% cap rate and $7,361/yr in estimated NOI at the $125,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,100

Style

Mobile Home

Built

1976

If you have been considering an affordable retirement home in the City of Westfield MA, this might be what you've been waiting for. Welcome to Hampden Village and this attractively priced DOUBLE Wide mobile/manufactured home. It is not often that a true double wide home here becomes available and yes, this home will need some work to make it shine, but you are going to love the location and the layout! This home is located on a beautiful corner lot and features 2 bedrooms, 2 FULL baths, a spacious living/dining area, convenient laundry area and the attached 3 season porch. This home needs some TLC and is priced accordingly. The BIG ticket stuff is good, home has a rubber roof, an updated heating system and replacement windows throughout. Some paint, some minor repairs and some new flooring will go a long way in building instant equity! Here is your chance to make it all your own while enjoying living in this much sought after active senior community! Buyer must be age 55 or older and is responsible for obtaining park approval! The park is looking for applicants with an income of 2500/mo or more. The lot fee is 508/month and includes taxes, water, septic, weekly trash/recycle pickup and use of community amenities such as the community club house and the heated in-ground pool (during the summer of course). Make your appointments today, there will not be an open house on this unit!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.