Description
Investor and builder opportunity in the center of Russell! This two-story property offers approximately 4,320 square feet on a 0.37-acre lot and requires substantial renovation. Architectural plans are available depicting a proposed conversion to six one-bedroom apartments, three per floor. Plans are proposed only; approval status has not been verified. An existing USPS parking agreement provides $700/month ($8,400/year), with USPS currently handling snow and ice removal. Under the agreement, rent increases to $1,100/month ($13,200/year) when tenants occupy the building and the landlord assumes snow removal. Buyers to verify zoning, permitted uses, conversion feasibility, permits, square footage and all information. Cash transaction, Property offered as-is. See disclosures and showing instructions for entry requirements. Russell's Residential zoning district permits detached single-family and two-family dwellings. Senior housing requires a special permit and site plan review. Buyer to verify the feasibility of converting the existing building and obtain all required approvals.
Details
| MLS # | 73594029 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 23 |
| Listing Provided By | Benton Real Estate Company | Brian McElhone |
Features
| Zoning | RES |
|---|---|
| Acreage | 0.37 |
Taxes
| Tax Annual Amount | 1783 |
|---|---|
| Tax Year | 2026 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MA |
|---|---|
| County | Hampden |
| City | Russell |
| Zip Code | 01071 |
| Area | Hampden |
| Listing VS Median (in 01071) | |
Price: $200,000 low | high Med: $465,950 On site: 23 low | high Med: 87.5 | |
Market Activity 01071
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MA |
|---|---|
| County | Hampden |
| City | Russell |
| Zip Code | 01071 |
| Area | Hampden |
| Listing VS Median (in 01071) | |
Price: $200,000 low | high Med: $465,950 On site: 23 low | high Med: 87.5 | |