Sold
309 Bay St, Springfield, MA
Springfield · MA 01109
- $1,055,000
- Price
- 43
- Beds
- 20
- Baths
- 23435
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1917
Units:
16 Units
Lot size:
0.28 Acre Lot
Price per square foot:
$51 / Sq.Ft
Parking:
7 Off Street Spaces
About this home
New 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.
Neighborhood & Transit
309 Bay St, Springfield · MA 01109
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 2111 days
- Listing Price:
- $1,200,000
- Price per Sq.Ft:
- $51
- Tax Assessment:
- $871,900 in 2019
- Taxes:
- $1,197 / Monthly
Home Facts
Interior Features
- Bedrooms
- 43
- Full Bathrooms
- 20
- Half Bathrooms
- 0
- Living Area
- 23,435 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 12,196 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 7 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Lisa Cozzi
- Listing office
- Berkshire Hathaway Home Service New England Properties
- MLS PIN #
- 72590606