NOT LISTED FOR SALE
8 Beds
11 Baths
11,628 Sq Ft
5,249 Sq Ft Lot

Last Sold February 09, 2023

Last sale price $960,000 $83 Per Sq Ft

111 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Corner Lot
  • Deck
  • Wood Flooring
  • Shops

About This Home

As of February 2023

Owner requesting all interested parties submit offers by Wednesday January 4, 2023 at 5pm. Once in a life-time investment opportunity! Own this amazing 11 Unit mixed-use commercial & residential building in the heart of Downtown Springfield, MA close to MGM Casino and 3 blocks from Union Station Transportation Center, the busiest Amtrak station in the State of Massachusetts outside of Boston and target location for the new high speed rail between Springfield & Boston. The brick building has recently been completely renovated and is a showpiece property in the City. Three story high, brick building with 3 fully rented store fronts and 8 (1) bedroom apartments with hardwood flooring. The building is fully sprinklered. All of the utilities are separate. The common areas have a mixture of wood, brick and beautiful lighting. The apartments are in great condition with open floor plan, high ceilings, oversized windows bringing in lots of natural light.Income and Expense Sheet is attached

Last Agent to Sell the Property

Anthony Ardolino

Berkshire Hathaway HomeServices Realty Professionals Listed on: 09/29/2022

Berkshire Hathaway HomeServices Realty Professionals

Last Buyer's Agent

Tunde Gyorgy

Coldwell Banker Community REALTORS®

Coldwell Banker Community REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,198

Year Built

  • Built in 1900

Lot Details

  • 5,249 Sq Ft Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 11,628 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 11 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Deck
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $9,895
  • Assessor Parcel Number S:02750 P:0513,2578178

Community Details

Overview

  • 11 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Building Details

  • Net Operating Income $91,855

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,198

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2.5%
  • Buyer Agency Type: %
  • Sub Agent Compensation: 2.5%
  • Sub Agency Type: %
  • Transaction Broker: 0
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile,Hardwood
  • Fireplace YN: No
  • Appliances: Electric Water Heater
  • Total Bedrooms: 8
  • Full Bathrooms: 11
  • Total Bathrooms: 11
  • Total Bathrooms: 11
  • Basement: Full
  • Living Area: 11628
  • Stories Total: 6
  • MAIN LO: AN7274
  • LIST PRICE PER Sq Ft: 85.92
  • PRICE PER Sq Ft: 82.56
  • MAIN SO: AN6797

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Private School, T-Station, University

Lot Info

  • Parcel Number: S:02750 P:0513,2578178
  • Zoning: B3
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5249
  • Lot Size Units: Acres
  • PAGE: 263
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11197.9
  • Tax Book Number: 17588

Multi Family

  • Gross Income: 118740
  • Net Operating Income: 91855
  • Number Of Units Total: 11
  • Total Actual Rent: 9895
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 2: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2023 02/09/23 Sold $960,000 -3.9% $83 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
01/02/2023 01/02/23 Price Changed $999,100 0.0% $86 / Sq Ft
12/20/2022 12/20/22 For Sale $999,000 0.0% $86 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
09/29/2022 09/29/22 For Sale $999,000 -- $86 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73042429

MLS Property Information Network (MLS PIN)