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Listing Details
- $399,000
- MLS# 73536012
- Type Multi Unit - Multiple
- Status Active
Listed By
Agency Name: Timothy Thompson
Agent Name: Tim Thompson
Agency Phone: 413-210-9383
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
Home Value Estimate
Description
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...read more
Features
- Range
- Refrigerator
- Window Unit(s)
- Wood
- Laminate
- Hardwood
- Electric, Steam, Natural Gas
- 3.0 Stories
- $8,321 Taxes
- Public
- Built in 1890
Gallery
Listed By
Agency Name: Timothy Thompson
Agent Name: Tim Thompson
Agency Phone: 413-210-9383
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
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