NOT LISTED FOR SALE
10 Beds
4 Baths
4,420 Sq Ft
10,014 Sq Ft Lot

Last Sold June 27, 2024

Last sale price $515,000 $117 Per Sq Ft

8 Days on Market

Highlights

  • Medical Services
  • Corner Lot
  • Shops
  • Property is near public transit and schools
  • Park

About This Home

As of June 2024

This investment property, located in the heart of Springfield, offers a compelling opportunity with a 10% cap rate. It features four well-maintained units: two 3-bedroom units and two 2-bedroom units, all fully lead certified. One of the 3-bedroom units has been recently updated with new flooring, a new furnace, and appliances. Additional improvements across the property include a new boiler, storm doors, flooring and appliances, ensuring the property remains in top condition and attractive to potential tenants and investors. Don't miss out on this exceptional investment opportunity and schedule your tour today!

Last Agent to Sell the Property

Mela Dieujuste

IVerty Realty, LLC Listed on: 05/24/2024

IVerty Realty, LLC

Last Buyer's Agent

Mela Dieujuste

IVerty Realty, LLC Listed on: 05/24/2024

IVerty Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,200

Year Built

  • Built in 1941

Lot Details

  • 10,014 Sq Ft Lot
  • Corner Lot

Home Design

  • 4,420 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $6,135
  • Assessor Parcel Number S:00880 P:0006,2572390

Community Details

Overview

  • 4 Units
  • Property has 2 Levels

Amenities

  • Medical Services
  • Shops

Recreation

  • Park

Building Details

  • Operating Expense $19,259
  • Net Operating Income $51,181

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,200

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1941
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 8

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 10
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Living Area: 4420
  • Spa YN: No
  • Stories Total: 8
  • MAIN LO: AC1909
  • MAIN SO: AC1909

Exterior Features

  • Construction Materials: Frame, Brick
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: Circuit Breakers
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: S:00880 P:0006,2572390
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10014
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5200

Multi Family

  • Net Operating Income: 51181
  • Number Of Units Total: 4
  • Operating Expense: 19259
  • Total Actual Rent: 6135
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 3: 2
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
06/27/2024 06/27/24 Sold $515,000 +3.0% $117 / Sq Ft
06/02/2024 06/02/24 Pending -- -- --
05/24/2024 05/24/24 For Sale $499,900 +37.0% $113 / Sq Ft
04/13/2022 04/13/22 Sold $365,000 0.0% $83 / Sq Ft View Prior Sale
03/02/2022 03/02/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $364,900 +87.1% $83 / Sq Ft
01/17/2017 01/17/17 Sold $195,000 -2.5% $44 / Sq Ft View Prior Sale
10/27/2016 10/27/16 Pending -- -- --
10/24/2016 10/24/16 For Sale $200,000 -- $45 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,659 $360,900 $39,800 $321,100
2024 $5,724 $356,400 $39,800 $316,600
2023 $5,200 $305,000 $37,100 $267,900
2022 $5,221 $277,400 $34,700 $242,700
2021 $4,336 $229,400 $31,500 $197,900
2020 $3,873 $198,300 $31,500 $166,800
2019 $3,903 $198,300 $32,500 $165,800
2018 $3,525 $181,800 $32,500 $149,300
2017 $3,525 $179,300 $29,500 $149,800
2016 $3,326 $169,200 $29,500 $139,700
2015 $3,230 $164,200 $29,500 $134,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73242343

MLS Property Information Network (MLS PIN)

APN: SPRI S:00880 P:0006