NOT LISTED FOR SALE

46-48 Malden St Springfield, MA 01108

Forest Park Neighborhood
8 Beds
3 Baths
2,922 Sq Ft
5,001 Sq Ft Lot

Last Sold June 01, 2023

Last sale price $366,000 $125 Per Sq Ft

11 Days on Market

Highlights

  • Window Unit Cooling System
  • Level Lot
  • Heating Available
  • Fenced

About This Home

As of June 2023

***Multiple Offers - Highest and Best Deadline 03/27 at 5PM!*** Here's your opportunity to own this income producing, legal 3 family home in Forest Park!! FHA/VA loan ready!! All 3 units have been de-leaded!! This property is perfect for an owner occupant or investor to start cash flowing with two occupied units bringing in $2,850 in gross monthly rent! The vacant 3rd floor is ready for the next owner to move in or to be rented as well! The vacant 3rd floor unit consists of a large living room, spacious eat-in kitchen, 3 bedrooms, and 1 full bathroom. The exterior features newer vinyl siding, replacement vinyl windows, and a large driveway which can fit up to 10 vehicles. The ample sized backyard is ideal for summer entertainment! All units have newer gas forced air furnaces, and gas hot water tanks. Utilities are separate for each unit, tenants are responsible for their own electric and gas. Come see everything this cash cow has to offer! Private showings start immediately!!

Last Agent to Sell the Property

Juvil Medina

Naples Realty Group Listed on: 03/20/2023

Naples Realty Group

Last Buyer's Agent

Jefri Liriano

Liriano Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,351

Year Built

  • Built in 1909

Lot Details

  • 5,001 Sq Ft Lot
  • Fenced
  • Level Lot
  • Cleared Lot

Home Design

  • 2,922 Sq Ft Home
  • Brick Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 10 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • 3 Heating Zones
  • Heating Available
  • Separate Meters
  • 220 Volts
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $2,850
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number S:08145 P:0011,2593717

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $34,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,351

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1909
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry, Concrete, Unfinished
  • Living Area: 2922
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN1364
  • MAIN SO: G95022

Exterior Features

  • Fencing: Fenced/Enclosed
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Window Unit(s), Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
  • Heating: Forced Air,Natural Gas, Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas)
  • Cooling Y N: Yes
  • Electric: 220 Volts, Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: S:08145 P:0011,2593717
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Level
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 5001
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4351

Multi Family

  • Net Operating Income: 34200
  • Number Of Units Total: 3
  • Total Actual Rent: 2850
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

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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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
06/01/2023 06/01/23 Sold $366,000 +4.6% $125 / Sq Ft
04/01/2023 04/01/23 Pending -- -- --
03/20/2023 03/20/23 For Sale $349,900 +55.5% $120 / Sq Ft
08/09/2020 08/09/20 Sold $225,000 0.0% $77 / Sq Ft View Prior Sale
06/11/2020 06/11/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $225,000 -- $77 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Juvil Medina

    Seller's Agent in 2023

    Juvil Medina

    Naples Realty Group

    (413) 459-6712

    14 in this area

    94 Total Sales

    Juvil Medina
    Section Image
  • Jefri Liriano

    Buyer's Agent in 2023

    Jefri Liriano

    Liriano Realty

    (617) 372-1717

    3 in this area

    299 Total Sales

    Jefri Liriano
    Section Image
  • Migdalia Buxo

    Seller's Agent in 2020

    Migdalia Buxo

    M B C REALTORS®

    (413) 262-8335

    15 in this area

    164 Total Sales

    Migdalia Buxo
    Section Image
  • Maher Khatib

    Seller Co-Listing Agent in 2020

    Maher Khatib

    M B C REALTORS®

    (413) 262-8687

    6 in this area

    42 Total Sales

    Maher Khatib
    Section Image
  • Paul Gallagher

    Buyer's Agent in 2020

    Paul Gallagher

    Gallagher Real Estate

    (413) 218-4899

    21 in this area

    457 Total Sales

    Paul Gallagher
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73089174

MLS Property Information Network (MLS PIN)
Massachusetts Hampden County Springfield 01108 Forest Park

46-48 Malden St, Springfield, MA

Not Listed for Sale

MultiFamily

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