33 Various , #64

    Springfield, MA 01108
    • $4,149,700
    • STATUS: Active
    • MLS #: 72361206
    $4,149,700
    • 0
      BEDS
    • 3.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 74,636
      SQFT
    • $56
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Mark Difranco of Difranco Realty.

    Description

    RARE BRASS RING, Assemblage of Multi Family Investment Property with one entrepreneur. Consisting of 33 Locations and 64 Total Units, 7-SFR, 22-Two Family, 3-Three Family & 1-Four-Family. 100% Occupied & deleaded all within a few mile radius of MGM Casino & each other. Gross Operating Income=$690,864, Expenses=$275,836, Net Operating Income=$415,028, Projected Annual Debt Service=$238,740, Cash Flow Before Taxes=$176,288, Debt Coverage Ratio=1.74, CAP Rate=10%, Cash on Cash Return=21.25%. Seller's goal is to own non-residential commercial real estate and would consider accepting trade for all or part of this residential property assemblage. Realtor.com Estimated Value $4,220,600. City Assessed Value $3,921,900. MLS average price per sq. ft of SOLD property=$4,478,160 value. MLS Avg. Sale$: $151,334 x 33 =$4,994,022 value. What this indicates is purchasing this package a 10% CAP Rate leaves meat on the bone. $64,839 per unit average is a steal on the Single Families.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-10-15T23:46:59.51.
    www.goodrichresidential.com/homes/85546426

    33 Various , #64 Springfield, MA 01108

    • Price: $4,149,700
    • Status: Active
    • MLS #: 72361206
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.43
    Acres
    74,636
    SQFT
    $56
    $/SQFT
    1900
    Built
    Neighborhood:
    Other
    County:
    Hampden
    Area:
    Other
    Property Description
    RARE BRASS RING, Assemblage of Multi Family Investment Property with one entrepreneur. Consisting of 33 Locations and 64 Total Units, 7-SFR, 22-Two Family, 3-Three Family & 1-Four-Family. 100% Occupied & deleaded all within a few mile radius of MGM Casino & each other. Gross Operating Income=$690,864, Expenses=$275,836, Net Operating Income=$415,028, Projected Annual Debt Service=$238,740, Cash Flow Before Taxes=$176,288, Debt Coverage Ratio=1.74, CAP Rate=10%, Cash on Cash Return=21.25%. Seller's goal is to own non-residential commercial real estate and would consider accepting trade for all or part of this residential property assemblage. Realtor.com Estimated Value $4,220,600. City Assessed Value $3,921,900. MLS average price per sq. ft of SOLD property=$4,478,160 value. MLS Avg. Sale$: $151,334 x 33 =$4,994,022 value. What this indicates is purchasing this package a 10% CAP Rate leaves meat on the bone. $64,839 per unit average is a steal on the Single Families.
    Exterior Features

    Location UrbanParkShopping MallStripFree StandingHighway AccessPublic TransportationCentral Business DistrictNeighborhood Parking Features Attached21+ SpacesPaved DrivewayOn Site Parking Spaces 100 Site Condition Level Stories 2 Underground Tank Unknown

    Interior Features

    Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Restrooms 76 Rsf Building Sq Ft 74636.00 Sprinklers No Total Building Sq Ft 74636.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 3137520.00 Assessed Value Land 784380.00 Assessed Value Total 3921900.00 Commercial Industrial Type 5+ Residential Condo Association No Disclosure Yes Disclosures All The Properties Have Gone Through A Lead Paint Compliance & Asbestos Abatement Or Control With The Dep. Dividable Yes Easements Unknown Exchange Yes Expandable No Gross Annual Expense 275836.00 Gross Annual Income 690864.00 Lease No Lender Owned No Mau Units 0 Net Operating Income 415028.00 Ofu Units 0 On File21 E No Reu Units 0 Rsu Units 64 Short Sale Lender App Required No Space Available For Sale Special Financing Yes Subdividable Possible Sublet No Tax Year 2018 Taxes 77186.00 Total Units 64 Utilities Public WaterPublic Sewer Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning R

    Listing information © 2018 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Mark Difranco of Difranco Realty.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-10-15T23:46:59.51.
     
    Goodrich Residential
    55 Causeway St.
    Boston MA, 02114
    Listing courtesy of Mark Difranco of Difranco Realty.