Overview Property Details Payment Calculator Walkability

Withdrawn

463-465 State St, Springfield MA 01105

$850,000

Estimated $1,621.52/month Calculator

Multi Family

Total Units: 10

Price Per Unit: $85,000

Total Rent: 57600/year

Estimated CAP Rate: 6.43%

2 Bedrooms

10 Full Baths

12,276 SqFt

Total Parking: 6

2,548 SqFt

Attention Investors !!! Revenue generating 10 unit package, located in close to MGM Casino Site. Property consists of two parcels containing 3 commercial storefronts and 7 residential apartments. Perfect for an investor looking for a cash-flowing property! ...

This home has been viewed 76 times

Last Checked: February 26th, 2025 at 5:18am (Source: MLS PIN #73187169)

Gross Income: $57,600

Gross Expenses: $2,918

Net Income Calc: $54,682

CAP Rate: 6.43%

Annual Expenses for 463-465 State St, Springfield MA 01105

Total Gross Expenses (Calculated)$2,918/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$2,918.96

Annual Income & Unit Breakdown for 463-465 State St, Springfield MA 01105

Total Gross Income (Calculated)$57,600

Unit 1

Rental Income$1,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,200

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$1,200

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 463-465 State St, Springfield MA 01105

Listing ID73187169

Property TypeMulti Family / 5+ Family

Price$850,000 ($69.24/SqFt)

Style5-9 Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total12,276 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking6

Garage Parking

Year Built1830

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor SpacePorch

ZoningB1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 463-465 State St, Springfield MA 01105

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$9,495

Total Net Income By Broker$69,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 463-465 State St, Springfield MA 01105

Real Estate Taxes$2,918.96

Tax Year2023

Assessed Value$171,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$9,495

BostonRealEstate.com Gross Income

Total Net Income By Broker$69,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.43%

Location Information for 463-465 State St, Springfield MA 01105

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Shopping, Public Transportation

Contact Information for 463-465 State St, Springfield MA 01105

Agent

Name: Andrew Rodman

MLS ID: CN218763

Office ID: AN5521

National Association ID: 452509222

Address: 54 West Crystal Brook Drive

City: Springfield

State: MA

Zip: 01114

Office

Name: Lock and Key Realty Inc.

MLS Office ID: AN5521

Phone: 413-282-8080

Payment Calculator

$5,480.68 per month

30 Years Fixed, 6.75% Interest

Property Taxes $243.25

Principal & Interest $5,237.43

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

Andrew Rodman

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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EXIT

Withdrawn

463-465 State St, Springfield MA 01105

$850,000

Annual Expenses for 463-465 State St, Springfield MA 01105

Annual Income & Unit Breakdown for 463-465 State St, Springfield MA 01105

General Information for 463-465 State St, Springfield MA 01105

Disclosures for 463-465 State St, Springfield MA 01105

Financial Information for 463-465 State St, Springfield MA 01105

Location Information for 463-465 State St, Springfield MA 01105

Contact Information for 463-465 State St, Springfield MA 01105

Agent

Office

Payment Calculator

Exclusive Listing Agent

Lock and Key Realty Inc.

Andrew Rodman