Strong investment property. This downtown Springfield investment property offers a $5,500+ monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and ten garage bays that lease at a monthly rate of $150 each. 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 NOI is $53,079 and the cap rate is 13.3%. Located nearby to 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.
52 days
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334
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26
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Zillow last checked:
Listing updated:
Listed by:
Tim Thompson413-210-9383,
Timothy Thompson413-210-9383,
Tim Thompson413-210-9383
Source: MLS PIN,MLS#: 73536012
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 2
Full bathrooms: 2
Heating
Electric, Steam, Natural Gas
Cooling
Window Unit(s)
Appliances
Included: Range, Refrigerator
Features
Living Room, Kitchen, Sunroom
Flooring: Wood, Laminate, Hardwood
Windows: Insulated Windows
Basement: Full,Garage Access,Concrete,Unfinished
Has fireplace: No
Interior area
Total structure area: 3,520
Total interior livable area: 3,520 sqft
Finished area above ground: 3,520
Property
Parking
Total spaces: 10
Parking features: Paved Drive, Other
Garage spaces: 10
Has uncovered spaces: Yes
Features
Exterior features: Rain Gutters
Has view: Yes
View description: City View(s)
Lot
Size: 6,617 Square Feet
Details
Parcel number: S:12395 P:0023,2613229
Zoning: B1
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Brick
Foundation: Brick/Mortar
Roof: Shingle
Condition
Year built: 1890
Utilities & green energy
Electric: Circuit Breakers, Individually Metered
Sewer: Public Sewer
Water: Public
Utilities for property: for Electric Range, for Electric Oven
Community & HOA
Community
Features: Public Transportation, Park, Medical Facility, Highway Access, Public School, Sidewalks
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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