CCertihomes
53-55 Elm Street, Westfield, MA 01085

$450,000

0 beds 0 baths Built 1890Active

About this home

Investors looking for a meticulously maintained MIXED USE BUILDING located in the heart of DOWNTOWN Westfield, THIS is the opportunity you have been waiting for! Plenty of visibility, located on a highly traveled main street with lots of foot traffic to draw in tons of business. Retail space features a beautiful tin ceiling, C/Air, Separate cooler room, 1/2 Bath, plenty of storage in back room, clean/dry and organized basement and separate detached storage room as well. Plenty of parking with attached lot for approx 10 off street spaces included with sale (zoned commercial/buildable). Spacious apartment above retail space can be rented at $15, 600/yr and has newer HVAC system & windows. Don't let this TURN KEY opportunity slip away,

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$4,720/mo

Real estate (PITI + HOA + PMI)
$4,292
Principal + interest$2,902
Property tax + insurance$1,221
PMI / 2nd mortgage$169
Utilities
$763
Heating + cooling$220
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$112
Car insurance + maintenance$112
Other (entertainment)
$157
$4,720/mo TLC
Budget$5,220/mo
Remaining after TLC$500/mo
Purchase price
$450,000
Down payment
$22,500 (5%)
Loan amount
$427,500
APR
7.2%

Quick facts

Type
COM
Style
Year built
1890
Lot size
0.17 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$5,379
MLS #
73239254
County
Hampden

Neighborhood — 01085

MetricThis ZIPCountyUSA
Population39,5826,444,931299,088,112
Population Change Since19906.00%7.00%20.00%
Population Density639786
Male19,2913,127,134147,432,321
Female20,2913,317,797151,655,844
Never Married10,1031,612,88563,775,926
Married16,0182,586,314123,120,365
Separated1,322247,85712,639,686
Widowed2,260363,59415,467,586
Divorced2,867436,88823,075,029
Number Of House Hold14,6332,431,591111,826,380
Average House Hold Size2.542.562.60
Medial Age35.2837.2535.46
Median House Hold Income$50,974$57,698$48,276
Average House Hold Income$59,156$75,023$63,629
P C I$22,967$29,196$24,529
M D I$43,058$48,105$41,133
A T H E$48,743$57,083$50,898
S T R5.00%5.00%
W C J79.36%81.38%77.74%
(Zip) Code
1085

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 5/16/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.