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Canceled

37-39-41 Bancroft, Springfield MA 01107

$750,000

Estimated $1,613.49/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $125,000

Total Rent: 50400/year

Estimated CAP Rate: 4.27%

22 Bedrooms

6 Full Baths

4,697 SqFt

Total Parking: 6

8,533 SqFt

Tremendous opportunity to own a small portfolio with great cash flow potential! These are 3 buildings all on the same street, all in line with oneanother, all sold as a package! 6 units in total with 2 vacancies to fill - this could be a really amazing opportunity for the right investor or the right owner occupant who wants to own a great money maker! Tenants in place all on a written month to month lease. 48 Hours notice required for showings.

This home has been viewed 42 times

Last Checked: May 6th, 2024 at 11:30pm (Source: MLS PIN #72977545)

Gross Income: $50,400

Gross Expenses: $18,369

Net Income Calc: $32,031

CAP Rate: 4.27%

Annual Expenses for 37-39-41 Bancroft, Springfield MA 01107

Total Gross Expenses (Calculated)$18,369/year

APOD AvailableNo

Heating

Electricity$37

Water$7,312

Gas$7,312

Insurance$3,277

Sewer$7,312

Trash Removal$1,560

Repair & Maintenance$400

Management

Miscellaneous$1,015

Real Estate Tax$4,768.47

Annual Income & Unit Breakdown for 37-39-41 Bancroft, Springfield MA 01107

Total Gross Income (Calculated)$50,400

Unit 1

Rental Income$1,100

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,100

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,000

Lease

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$1,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

General Information for 37-39-41 Bancroft, Springfield MA 01107

Listing ID72977545

Property TypeMulti Family / 5+ Family

Price$750,000 ($159.68/SqFt)

Style5-9 Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total4,697 SqFt

Approximate Lot Size (Acres)0.2 acres

Total Parking6

Garage Parking

Year Built1909

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionIrregular

Accessible Features

Outdoor Space

Zoningr2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 37-39-41 Bancroft, Springfield MA 01107

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureAll areas have Lead letter of compliance except 37

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceLimited Information, Other (see Remarks)

Total Gross Expenses By Broker$20,198

Total Gross Income By Broker$78,900

Total Net Income By Broker$58,702

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 37-39-41 Bancroft, Springfield MA 01107

Real Estate Taxes$4,768.47

Tax Year2021

Assessed Value$252,300

Financial Data SourceLimited Information, Other (see Remarks)

Total Gross Expenses By Broker$20,198

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$78,900

BostonRealEstate.com Gross Income

Total Net Income By Broker$58,702

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.27%

Location Information for 37-39-41 Bancroft, Springfield MA 01107

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 37-39-41 Bancroft, Springfield MA 01107

Agent

Name: Michael Andre

Office

Name: Gallagher Real Estate

Phone: 413-536-7232

Payment Calculator

, Interest

Property Taxes 397.37

Principal & Interest 4621.26

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gallagher Real Estate

Michael Andre

Agent Phone

Office Phone

(413) 536-7232

Text Agent Call Agent Call Office

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[pasture_area] => None
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        (
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[perc_test] => Array
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[perc_test_date] => Unknown
    [pet_policy] => Array
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    [price_per_unit] => 125000
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[real_estate_tax] => $4,768.47
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
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[roof_material] => Array
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[rooms] => 34
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[style] => Array
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[terms] => Array
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[uffi] => Array
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[unit_level] => 
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[water] => Array
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[water_expense] => Array
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[water_views] => Array
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[water_views_features] => Array
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[waterfront] => No
    [waterfront_features] => Array
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[year_built] => 1909
    [year_built_details] => Actual
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01107
    [zoning] => r2
    [zoning_details] => 
    [media] => Array
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                    [modified] => 2024-05-06 23:30:59
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EXIT

Canceled

37-39-41 Bancroft, Springfield MA 01107

$750,000

Annual Expenses for 37-39-41 Bancroft, Springfield MA 01107

Annual Income & Unit Breakdown for 37-39-41 Bancroft, Springfield MA 01107

General Information for 37-39-41 Bancroft, Springfield MA 01107

Disclosures for 37-39-41 Bancroft, Springfield MA 01107

Financial Information for 37-39-41 Bancroft, Springfield MA 01107

Location Information for 37-39-41 Bancroft, Springfield MA 01107

Contact Information for 37-39-41 Bancroft, Springfield MA 01107

Agent

Office

Payment Calculator

Exclusive Listing Agent

Gallagher Real Estate

Michael Andre