Active Under Contract

11 Days on market

65 Lake George Drive Wales — Photo 1 of 42

$399,900

Investment Analysis — 65 Lake George Drive

Wales, MA 01081

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01081 carries an estimated $4,360/mo in gross rent — about a 8.82% cap rate and $35,268/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,596

Style

2 Family - 2 Units Side by Side

Built

1987

Duplex Opportunity near Beautiful Lake George! Set on over 2 acres in desirable Wales, this spacious 10- room, 5-bedroom, 2-full and 2-half bath duplex offers versatility, privacy, and plenty of potential. Whether you're looking for an investment property, owner-occupied duplex, or a multi-generational living arrangement, this property offers a variety of possibilities. The right side unit has been remodeled and features a bonus family room with a pellet stove and a convenient first floor bedroom. The left side unit needs updating creating an excellent opportunity to live on one side while renovating the other and building equity along the way. Both units are fully applianced. A large two-car heated garage provides plenty of space for vehicles, storage, hobbies. or recreational equipment. Enjoy the expansive backyard with over 2 acres of land, offering room to relax, entertain, garden, or simply enjoy the privacy of the property. Bring your vision and take advantage of this unique opportunity. Passing Title V in hand.

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 MLS and other third-party data may be inaccurate or out of date.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.

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