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    309 Bay St

    Springfield, MA 01109
    • $1,055,000
    • STATUS: Sold
    • MLS #: 72590606
    Sold - 02/14/2020
    $1,055,000
    SOLD - 02/14/2020
    • 43
      BEDS
    • 0.28
      ACRES
    • 20
      BATHS
    • 0
      1/2 BATHS
    • 23,435
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Lisa Cozzi of Berkshire Hathaway Home Service New England Properties.

    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.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-08-03T18:07:28.177.
    www.teamtringali.com/homes/100700612
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    309 Bay St Springfield, MA 01109

    • Price: $1,200,000
    • Status: Sold
    • Updated: 66 min ago
    • MLS #: 72590606
    43
    Beds
    20
    Baths
    0
    ½ Baths
    0.28
    Acres
    23,435
    SQFT
    $0
    $/SQFT
    1917
    Built
    Neighborhood:
    Other
    County:
    Hampden
    Area:
    Other
    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.
    Exterior Features

    Beachfront No Construction Frame Foundation Brick Lot Description Other (See Remarks) Parking Spaces 7 Roof Material Rubber Waterfront Flag No

    Interior Features

    Basement Yes Bedrooms Unit1 2 Bedrooms Unit2 3 Bedrooms Unit3 3 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Floors Unit1 1 Floors Unit2 1 Floors Unit3 4 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 2 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Levels 4 Levels Unit1 1 Levels Unit2 1 Levels Unit3 4 Rooms 14 Rooms Unit1 4 Rooms Unit2 5 Rooms Unit3 5

    Property Features

    Apod Available No Assessments 871900.00 Disclosure No Expenses Year End 12/18 Finance Code Other Gross Operating Income 200760 Lead Paint NoneUnknown Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lender Owned Undisclosed Multifamily Type 5+ Family - 5+ Units Up/Down Net Operating Income 132194 Rent Unit1 935 Rent Unit2 1095 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2019 Taxes 14368.00 Water City/Town Water Year Built Description Actual Year Built Source Public Record Zoning R2

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Lisa Cozzi of Berkshire Hathaway Home Service New England Properties.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-08-03T18:07:28.177.
     
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    Team Tringali | Keller Williams Metropolitan
    50 Nashua Rd, Suite 111
    Londonderry NH, 03053
    Listing courtesy of Lisa Cozzi of Berkshire Hathaway Home Service New England Properties.