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453 - 455 State Street, Springfield MA 01105

$385,000

Estimated $931/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $128,333.33

Total Rent: 38400/year

Estimated CAP Rate:

4 Bedrooms

Baths

4605

Total Parking: 5

5,227 (0.12)

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 143 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

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 Tax3682.8

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

Total Gross Income (Calculated)$38,400

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

Lease

Bathrooms

Floor1

Rent IncludesHeat

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

Listing ID73159622

Property TypeMulti Family / 2 Family

Price385000 ($83.6/SqFt)

Style2 Family - 2 Units Up/down

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total4605

Approximate Lot Size (Acres)0.12

Total Parking5

Garage Parking0

Year Built1840

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB1

Water Views

Water Views FeaturesBay

Waterfront FeaturesRiver

Terms

Disclosures for 453 - 455 State Street, Springfield MA 01105

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsNelson Pendant Lamp In Third Floor Bedroom/Office.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)Lender Owned

Buyer Agent Compensation2.5%

Facilitator Compensation-0-

Compensation Based OnNet Sale Price

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

Real Estate Taxes3682.8

Tax Year2023

Assessed Value$216,000

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

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

Neighborhood(s)

Area AmenitiesWalk/jog Trails

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

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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    [unparsed] => 453 - 455 State Street, Springfield MA 01105
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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