309 Bay St, Springfield, Massachusetts 01109

$1,200,000
43
BD
20
BA
23,435
SqFt
List Price
$1,200,000
MLS#
72590606
Bedrooms
43
Full Bathrooms
20
Sq. Ft
23,435
Lot Size
12,196
County
Hampden
Year Built
1917
Status
ACTIVE

Property Description

New to the market!! 16 unit building, with a cap rate of 11%. This asset is TURNKEY & is Project Based housing located in the McKnight neighborhood. This asset consists of two brick buildings that are 4 stories & are connected. There are 8 units in each building with a total of 23,235 SF. The unit mix consists of; 5: 2 bed / 1 bath units; 7: 3 bed/1 bath units; and, 4: 3 bed/ 2 bath units (2 bath are rare in this type of asset). The tenants pay utilities. Each unit has its own newer gas furnace & updated electrical with circuit breaker panels in each unit. The roof is a rubber membrane roof and there is some off-street parking available. This property has been well managed and maintained! Truly a turnkey investment opportunity.

Additional Information

Days on Market
7
Taxes
$14,368
Tax Year
2019
Assessment
871900
Construction
Frame
Basement
Yes
Lot Description
Other (See Remarks)
Parking Spaces
7
Acres
0.28
Price Per Sqft
$51

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway Home Service New England Properties.

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