274 - 276 High St, Holyoke, MA 01040


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  • Commercial
  • PRICE CHANGED: $599,000
  • Square Feet: 31,360
  • Taxes: $12,544
  • # Stories: 2
  • Year Built: 1906
  • MLS Number: 72505553
  • Status: Active

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Community Information

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Description

The Prudential or "The Prew" is an exciting turn-of-Century 8-story brick Victorian with elaborate cornices and high ceilings, and presents now as an exciting opportunity to make money with a touch of class. Immediately next to the most impressive city Hall edifice in Massachusetts, "the Prew" is the flagship building of Downtown Holyoke, an area of major recent investment. Eligible for National Historic Register and Federal Tax Credits, this is an economic improvement zone. Near Canal System with planned redevelopment use of federal funds as attractive urban center, the building is a walking distance to a brand new AMTRAK train station with enhanced service to NYC via Springfield. Substantial Tax benefits potentially include, but are not limited to: No real estate tax for ten years on improvements, 65% full exemption, decreasing over six years, and Federal income tax offset.


Directions

go downtown.. immediately next to the greatest City Hall in Massachusetts


Mortgage Payments

The approximate monthly Principal & Interest payment for this property would be $2,894.01. This payment is based on a 30-year loan at a fixed rate of 5.0% with a down payment of $59,900. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.

Features

  • Lot acreage is: 0.09
  • Lot zoned: BC
  • Units in building(s): 28
  • Tax year: 2019
  • REO


Information Deemed Reliable But Not Guaranteed.

Data last updated: 9/21/2019


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Courtesy of:
Arrow Properties, Jude Stull
© 2019 MLS Property Information Network, Inc;
The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc.
and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Berkshire Hathaway HomeServices Commonwealth Real Estate | 12 Huron Drive, Natick, MA 01760 | Phone: (508) 810-0700

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Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.

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