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69 Winter St, Springfield, MA 01105

  • $399,000

  • 8

    bed

  • 2

    bath

  • 3,520

    Sqft ($113/Sqft)

Multi-family for sale 13 days
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About 69 Winter St

Property type Multi-family
Neighborhood
Year built 1890
HOA fee $0/month
Lot size 6,617 Sqft
Movoto estimate
Parking 10 garage spaces
Property 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 (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.
Listed by
Listing Agent - Tim Thompson
Listing Office - Timothy Thompson
Source: MLS Property Information Network, Inc. mls logo
MLS#73536012 • last updated 2 weeks ago
Movoto checked MLS Property Information Network, Inc. for data 1 minute ago
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Overview
Cooling/AC Window Unit(s)
Heating Electric, Steam, Natural Gas
Levels/Style 3, 3
MLS # 73536012
Type Residential Income
Status Active
SubType Multi Family
SqFt 3520
Lot Size (SqFt) 6617
Lot Size (Acres) 0.15
Annual Property Tax 8321.25
Year Built 1890
Interior
Total # of Bathrooms 2
# Full Baths 2
Total # of Bedrooms 8
Basement Full, Garage Access, Concrete, Unfinished
Total # of Rooms 15
Flooring Wood, Laminate, Hardwood
Appliances Range, Refrigerator
Interior Features Living Room, Kitchen, Sunroom
Window Features Insulated Windows
Exterior
Foundation Brick/Mortar
Roof Shingle
Construction Brick
# Covered Spaces 10
Parking Desc Paved Drive, Other
# Parking Spaces 10
# Garage Spaces 10
Exterior Features Rain Gutters
Amenities / Utilities
Sewer Public Sewer
Utilities For Electric Range, for Electric Oven
Electricity Circuit Breakers, Individually Metered
Water Source Public
Location
View City View(s)
County Hampden
Community Features Public Transportation, Park, Medical Facility, Highway Access, Public School, Sidewalks
Zoning B1
APN S:12395 P:0023, 2613229
Directions Downtown, Accessible From Chestnut Or Spring
Multifamily Details
Rent Includes Unit 1(Water), Unit 2(Water)
Net Operating Income 53079
Operating Expense 15321
Total Actual Rent 5500
Financial Data Source Estimated
Expense: Water/ Sewer 3000
Gross Income 68400
Expense: Electricity 500
Lot/ Land Details
Road Surface Paved
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Around Metro Center

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Walk
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Family
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Dining
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  • MA
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  • 69 Winter St

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