NOT LISTED FOR SALE
32 Beds
12 Baths
11,984 Sq Ft
0.31 Acres

Last Sold July 21, 2022

Last sale price $1,355,000 $113 Per Sq Ft

4 Days on Market

Highlights

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

About This Home

As of July 2022

Rare opportunity to purchase a brick 12 unit, turn-key investment property in Springfield's desirable McKnight District. The building features eight 3 bedroom and four 2 bedroom apartments all with updated electric panels, as well as separate gas heat and hot water systems. There is a large parking area and some units feature updated kitchen and baths, hardwood floors, vinyl plank floor, and wall to wall carpet, as well as outdoors decks off of 8 of the units. The entire building is approved for housing assistance to all tenants through the "Moderate Rehabilitation" program.

Last Agent to Sell the Property

Daniel Tully

Symphony Properties Listed on: 02/19/2022

Last Buyer's Agent

Daniel Tully

Symphony Properties Listed on: 02/19/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,530

Year Built

  • Built in 1922

Lot Details

  • 0.31 Acre Lot
  • Near Conservation Area
  • Street terminates at a dead end
  • Fenced
  • Corner Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 11,984 Sq Ft Home
  • Property has 1 Level

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 12 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 10 Car Parking Spaces
  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 12 Heating Zones
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $13,579
  • Assessor Parcel Number S:01680 P:0035,2574842

Community Details

Overview

  • 12 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Water Sewer Expense $7,709
  • Operating Expense $40,291
  • Net Operating Income $122,656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,530

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Side by Side
  • Year Built: 1922
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1.5
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Tile,Vinyl,Carpet,Hardwood
  • Fireplace YN: No
  • Appliances: Gas Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 32
  • Full Bathrooms: 12
  • Total Bathrooms: 12
  • Total Bathrooms: 12
  • Basement: Full, Walk-Out Access, Interior Entry, Concrete
  • Living Area: 11984
  • Stories Total: 4
  • MAIN LO: NB9095
  • LIST PRICE PER Sq Ft: 100.13
  • PRICE PER Sq Ft: 113.07
  • MAIN SO: NB9095

Exterior Features

  • Construction Materials: Brick
  • Fencing: Fenced/Enclosed
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Roof, Deck - Wood
  • Road Frontage Type: Public, Dead End
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street, Common, Paved
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 12
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, University, Sidewalks

Fee Information

  • Water Sewer Expenses: 7709

Lot Info

  • Parcel Number: S:01680 P:0035,2574842
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.31
  • Lot Size Area: 0.31
  • Lot Size Sq Ft: 13382
  • Lot Size Units: Acres
  • PAGE: 186

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 16530
  • Tax Book Number: 17642

Multi Family

  • Gross Income: 162948
  • Net Operating Income: 122656
  • Number Of Units Total: 12
  • Operating Expense: 40291
  • Total Actual Rent: 13579
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • 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
07/21/2022 07/21/22 Sold $1,355,000 +12.9% $113 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
02/19/2022 02/19/22 For Sale $1,200,000 -- $100 / 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: 72944454

MLS Property Information Network (MLS PIN)

APN: SPRI S:01680 P:0035