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453 - 455 State Street, Springfield MA 01105

$385,000

Estimated $931.18/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $128,333.33

Total Rent: 38400/year

Estimated CAP Rate: 9.02%

4 Bedrooms

2 Full, 2 Half Baths

4,605 SqFt

Total Parking: 5

5,227 SqFt

Seller said Reduce the asking price on this Prime Location! You don't want to miss the opportunity to get in on the ground level of the Redevelopment phase of this Historic part of the State Street corridor! This 3-Story mixed Use, Residential and Commercial Building is located in one of Springfield's up and coming areas. Lots of Foot-traffic. Premium E/W bound Auto visibility. Each unit comes with Separate Utilities! Ground floor being used as a coffee house which includes a code-compliant serving counter and 2 accessible restrooms. Second and third floors contains 2+ bedroom apartments, one room currently being used as an office, the bonus room overlooks the college campus. Both upper floors are currently registered tax-exempt as Church parsonages for clergy/minister housing. The Rear balconies are right off the kitchen. where George Washington stayed when establishing the Springfield Armory during the Revolutionary War. SEE MLS # 73139530 for more Photos.

This home has been viewed 126 times

Last Checked: November 2nd, 2024 at 4:19am (Source: MLS PIN #73159622)

Gross Income: $38,400

Gross Expenses: $3,682

Net Income Calc: $34,718

CAP Rate: 9.02%

Annual Expenses for 453 - 455 State Street, Springfield MA 01105

Total Gross Expenses (Calculated)$3,682/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,682.80

Annual Income & Unit Breakdown for 453 - 455 State Street, Springfield MA 01105

Total Gross Income (Calculated)$38,400

Unit 1

Rental Income$1,600

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(other (see Remarks))

Unit 2

Rental Income$1,600

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(other (see Remarks))

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor1

Levels in Unit

HeatingYes

Rent IncludesUnit 1(other (see Remarks))

General Information for 453 - 455 State Street, Springfield MA 01105

Listing ID73159622

Property TypeMulti Family / 2 Family

Price$385,000 ($83.6/SqFt)

Style2 Family - 2 Units Up/down

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total4,605 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking5

Garage Parking

Year Built1840

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesNo

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningB1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 453 - 455 State Street, Springfield MA 01105

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure2,242 Res., Sf. 2,163 Retail Sf.

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$38,400

Total Net Income By Broker$38,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%%

Facilitator Compensation-0-

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 453 - 455 State Street, Springfield MA 01105

Real Estate Taxes$3,682.80

Tax Year2023

Assessed Value$216,000

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$38,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$38,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.02%

Location Information for 453 - 455 State Street, Springfield MA 01105

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesNo

Contact Information for 453 - 455 State Street, Springfield MA 01105

Agent

Name: Patricia Reynolds

Office

Name: Executive Real Estate, Inc.

Phone: 413-596-2212

Payment Calculator

, Interest

Property Taxes 306.9

Principal & Interest 2372.25

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Executive Real Estate, Inc.

Patricia Reynolds

Agent Phone

Office Phone

(413) 596-2212

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

Withdrawn

453 - 455 State Street, Springfield MA 01105

$385,000

Annual Expenses for 453 - 455 State Street, Springfield MA 01105

Annual Income & Unit Breakdown for 453 - 455 State Street, Springfield MA 01105

General Information for 453 - 455 State Street, Springfield MA 01105

Disclosures for 453 - 455 State Street, Springfield MA 01105

Financial Information for 453 - 455 State Street, Springfield MA 01105

Location Information for 453 - 455 State Street, Springfield MA 01105

Contact Information for 453 - 455 State Street, Springfield MA 01105

Agent

Office

Payment Calculator

Exclusive Listing Agent

Executive Real Estate, Inc.

Patricia Reynolds