80 West Street, Amherst
Jamie Cherewatti, aka Eagle Crest Management, North Pleasant Street Partners LLC, Railroad Street Partners and perhaps a dozen more LLCs just purchased the home at 80 West Street (Rt 116) for $160,000.
Yes, the house and property is valued at $207,200 so he paid well below that, but the house is a tad distressed. I live only a few houses away so it's directly on the way to Crocker Farm School, and my kids have dubbed it "the scary house."
But considering the demographic market Mr. Cherewatti caters to, it could become even scarier.
Two months ago Cherewatti purchased a four-unit complex at 310 Belchertown Road, adjacent to his Echo Village Apartments, which he purchased last year for $3 million.