Sold
447-451 State St., Springfield, MA
Springfield · MA 01105
- $235,000
- Price
- 8
- Beds
- 5
- Baths
- 7143
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
6 Units
Lot size:
3,318 Sq.Ft Lot
Price per square foot:
$35 / Sq.Ft
Parking:
4 Off Street Spaces
About this home
Huge Price Drop!! Potential to earn $5,800+ monthly rental income! Undervalued 6 unit building consisting of 2 retail storefronts and 4 residential units under $250K! Steady long-term rental income from 2 storefront units leased until 6/2025 by pizza store at current monthly rent of $2,400 w/ annual rent increases. Pizza store has additional 5-year renewal option (from 6/2025 ' 6/2030) at monthly rent from $2,700 - $2,900. Custom renovate the 4 apartments and earn almost $6K per month of rental income making this undervalued building a cash cow!
Neighborhood & Transit
447-451 State St., Springfield · MA 01105
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:
- $249,900
- Price per Sq.Ft:
- $35
- Tax Assessment:
- $243,800 in 2019
- Taxes:
- $400 / Monthly
Home Facts
Interior Features
- Bedrooms
- 8
- Full Bathrooms
- 4
- Half Bathrooms
- 2
- Living Area
- 7,143 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
- 3,318 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 4 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
- Sophie Kozaczka
- Listing office
- Keller Williams Realty Greater Worcester
- MLS PIN #
- 72555674