Springfield, MA 01105
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Price
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This downtown Springfield investment property offers a $5,300 rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and nine individual garage bays. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are bright with renovated kitchens and a combination of hardwood and laminate flooring. The projected NOI is $53,000 and the cap rate is 10.7%. Located across the street from the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield’s CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30-minute drive time of UMass Amherst and the Five College Area.
| Property Type | Residential Income |
|---|---|
| Property Sub Type | Multi Family |
| Property Status | Active |
| Time on Market | 21 days |
| MLS# | 73372437 |
| Lot Size | 6,617 Sq. Ft. |
|---|---|
| Listed Price | $495,000 |
| Property Taxes | $4,641 |
| Year Built | 1920 |
| Data Source | MLS PIN |
Residential Sales & Leasing
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Listing Courtesy of: Timothy Thompson
Listing Agent: Tim Thompson
School data provided by GreatSchools.
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| Property Type | Residential Income |
|---|---|
| Property Sub Type | Multi Family |
| Bedrooms | 8 |
| Living Area | 3,520 Sq. Ft. |
| County | Hampden |
| Year Built Description | Actual |
| Construction | Brick |
| Number of Heat Zones | 2 |
| Basement Features | Full, Garage Access, Concrete, Unfinished |
| Flooring | Wood, Laminate, Hardwood |
| Waterfront? | No |
| Water | Public |
| Assessments | 289000 |
| Rooms | 10 |
| Adult Community | No |
| Full Baths | 2 |
| Half Baths | 0 |
| Acres | 0.15 |
| Town | Springfield |
| ZIP | 01105 |
| Unit Count | 2 |
| Stories Total | 3 |
| Exterior Features | Rain Gutters |
| Roof Material | Shingle |
| Parking Spaces | 0 |
| Garage Spaces | 10 |
| Sewer | Public Sewer |
| Tax Year | 2024 |
School data provided by GreatSchools.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Find out more about GreatSchools ratings.
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