Seller's Agent in 2020
Lisa Cozzi
Century 21 AllPoints Realty
(860) 508-2102
226 Total Sales
309 Bay St Springfield, MA 01109
McKnight Neighborhood
43
Beds
20
Baths
23,435
Sq Ft
0.28
Acres
About This Home
As of February 2020New 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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1917
Lot Details
- 0.28
Additional Features
- Basement
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/14/2020 02/14/20 | Sold | $1,055,000 | -12.1% | $45 / Sq Ft |
| 02/05/2020 02/05/20 | Pending | -- | -- | -- |
| 11/08/2019 11/08/19 | For Sale | $1,200,000 | -- | $51 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
Lisa Cozzi
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72590606
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