NOT LISTED FOR SALE
28 Beds
24 Baths
16,908 Sq Ft
9,764 Sq Ft Lot

Last Sold April 30, 2024

Last sale price $2,215,000 $131 Per Sq Ft

81 Days on Market

Highlights

  • Medical Services
  • Landscaped Professionally
  • Jogging Path
  • 0.22 Acre Lot
  • Property is near public transit
  • Coin Laundry

About This Home

As of April 2024

Portfolio expansion opportunity is here for you at 99 Federal in Springfield, MA. This building has recently been professionally stabilized. More than 50% of the units have been renovated and freshened up. Tenants are responsible for their own electricity and should they have a gas range, they handle that expense. Building ownership is responsible for the hot water and heat. These efficient systems are separate, both gas powered with the hot water system newly installed beginning of this year. The professional property management company is off site and can continue to management the property once purchased. Although the laundry system is not operable, you can easily bring it back to life. The location of this beautiful building is among many other well maintained complexes with tree lined sidewalks, public transit stops, and convenience within the Springfield Metro center. Be sure to reach out for operational data and to discuss this business opportunity!!

Last Agent to Sell the Property

Stacey Silvia

Lock and Key Realty Inc. Listed on: 11/26/2023

Lock and Key Realty Inc.

Last Buyer's Agent

Mina Femino

Keller Williams Realty Boston Northwest

Keller Williams Realty Boston Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,205

Year Built

  • Built in 1910

Lot Details

  • 9,764 Sq Ft Lot
  • Fenced
  • Landscaped Professionally
  • Level Lot
  • Cleared Lot

Parking

  • Open Parking

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 16,908 Sq Ft Home
  • Insulated Windows
  • Insulated Doors
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 24 Full Bathrooms

Unfinished Basement

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

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $27,490
  • Assessor Parcel Number 049970022
  • Tax Block 503

Community Details

Overview

  • 24 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Coin Laundry

Recreation

  • Jogging Path

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,205

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1910
  • Buyer Agency: 1.5
  • Transaction Broker: 0
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Vinyl / VCT
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Total Bedrooms: 28
  • Full Bathrooms: 24
  • Total Bathrooms: 24
  • Total Bathrooms: 24
  • Basement: Full, Walk-Out Access, Concrete, Unfinished
  • Living Area: 16908
  • Spa YN: No
  • Stories Total: 5
  • Window Features: Insulated Windows
  • MAIN LO: AN5521
  • LIST PRICE PER Sq Ft: 135.97
  • PRICE PER Sq Ft: 131
  • MAIN SO: BB3298

Exterior Features

  • Exterior Features: Professional Landscaping
  • Construction Materials: Brick
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Water Source: Public
  • HEAT UNITS: 1
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: 049970022
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Gentle Sloping, Level
  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9764
  • Lot Size Units: Acres
  • PAGE: 216
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 21205
  • Tax Block: 503
  • Tax Book Number: 25133

Multi Family

  • Number Of Units Total: 24
  • Total Actual Rent: 27490
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y

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
04/30/2024 04/30/24 Sold $2,215,000 -3.7% $131 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
12/20/2023 12/20/23 Price Changed $2,299,000 -2.2% $136 / Sq Ft
11/26/2023 11/26/23 For Sale $2,350,000 -- $139 / 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: 73182661

MLS Property Information Network (MLS PIN)

APN: SPRI S:04997 P:0022