About Tour Schools Neighborhood Places of interest Commute Home value Property history Market statistics

Exterior
Other
Kitchen
Living
Dining
Bath
Bedroom
Entry Way
View/Area

242 Fort Pleasant Ave, Springfield, MA 01108

$1,150,000
•
15
bed
8
bath
12,540
Sqft ($92/Sqft)

Multi-family for sale 4 days

Movoto is helping 124 homebuyers near you

About 242 Fort Pleasant Ave

Property type Multi-family

Neighborhood

Year built 1906

HOA fee $0/month

Lot size 6,625 Sqft

Movoto estimate

Property description

242 Fort Pleasant offers a rare opportunity to acquire a professionally managed eight-unit brick building in Forest Park Heights. Building was extensively updated in 2023 with major capital improvements completed, offering investors a turn-key, low-maintenance asset. Capital improvements include complete re-wiring of the property, including bringing circuit panels into individual units, full replacement of exterior meter box, & installation of 9 new hot water tanks. Complete replacement of all pipes in the building, including all new drainage throughout. Six of the eight units were thoughtfully reconfigured from one-bedroom to two-bedroom layouts to maximize rental income and overall functionality. The updated units feature gleaming hardwood floors, luxury vinyl plank flooring, renovated kitchens, and modernized bathrooms designed with both durability and tenant appeal in mind, while spacious walk-in pantries and walk-in closets provide the additional storage today’s renters value.

Listed by

Listing Agent - Kathryn Daviau

Listing Office - Lock and Key Realty Inc.

Source: MLS Property Information Network, Inc.

MLS#73516463 • last updated 4 days ago

Movoto checked MLS Property Information Network, Inc. for data 9 minutes ago

Request a virtual or in-person tour

Overview
Cooling/AC	None
Heating	Hot Water, Oil
Levels/Style	5, 5
MLS #	73516463
Type	Residential Income
Status	Active
SubType	5-9 Family
SqFt	12540
Lot Size (SqFt)	6625
Lot Size (Acres)	0.15
Annual Property Tax	8489
Year Built	1906

Interior
Total # of Bathrooms	8
# Full Baths	8
Total # of Bedrooms	15
Basement	Full, Interior Entry, Bulkhead, Concrete
Total # of Rooms	39
Flooring	Vinyl, Hardwood
Appliances	Range, Disposal, Microwave, Refrigerator, Dishwasher
Interior Features	Pantry, Lead Certification Available, Walk-In Closet(s), Bathroom With Tub & Shower, Upgraded Cabinets, Upgraded Countertops, Remodeled, Living Room, Dining Room, Kitchen
Window Features	Box/Bay/Bow Window(s)

Exterior
Foundation	Brick/Mortar
Roof	Other
Construction	Brick
Parking Desc	Paved Drive, Off Street, Paved
# Parking Spaces	2
Exterior Features	Balcony/Deck
Patio/ Porch	Porch, Covered
Lot Desc	Corner Lot, Cleared, Level

Amenities / Utilities
Sewer	Public Sewer
Utilities	For Gas Range
Electricity	Circuit Breakers, 200+ Amp Service, Common, Individually Metered
Water Source	Public

Location
County	Hampden
Community Features	Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House Of Worship, Private School, Public School, University
Zoning	R3
APN	S:05300 P:0065, 2585019
Directions	Sumner Ave To Fort Pleasant

Multifamily Details
Rent Includes	Unit 1(Heat, Gas), Unit 2(Heat, Gas), Unit 3(Heat, Gas), Unit 4(Heat, Gas)
Net Operating Income	155340
Total Actual Rent	12945
Financial Data Source	Owner
Gross Income	155340