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181-187 Chestnut St, Springfield MA 01103

Closed

181-187 Chestnut St, Springfield MA 01103

$999,100

Estimated $2,553/month Calculator

Multi Family

Total Units: 11

Price Per Unit: $90,827.27

Total Rent: 42540/year

Estimated CAP Rate:

8 Bedrooms

Baths

11628

Total Parking: 6

5,249 (0.12)

Owner requesting all interested parties submit offers by Wednesday January 4, 2023 at 5pm. Once in a life-time investment opportunity! Own this amazing 11 Unit mixed-use commercial & residential building in the heart of Downtown Springfield, MA close to MGM Casino and 3 blocks from Union Station Transportation Center, the busiest Amtrak station in the State of Massachusetts outside of Boston and target location for the new high speed rail between Springfield & Boston. The brick building has recently been completely renovated and is a showpiece property in the City. Three story high, brick building with 3 fully rented store fronts and 8 (1) bedroom apartments with hardwood flooring. The building is fully sprinklered. All of the utilities are separate. The common areas have a mixture of wood, brick and beautiful lighting. The apartments are in great condition with open floor plan, high ceilings, oversized windows bringing in lots of natural light.Income and Expense Sheet is attached

This home has been viewed 57 times

Last Checked: May 6th, 2024 at 11:50pm (Source: MLS PIN #73042429)

Gross Income: $42,540

Gross Expenses: $11,197

Net Income Calc: $31,343

Annual Expenses for 181-187 Chestnut St, Springfield MA 01103

Total Gross Expenses (Calculated)$11,197/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax11197.9

Annual Income & Unit Breakdown for 181-187 Chestnut St, Springfield MA 01103

Total Gross Income (Calculated)$42,540

Unit 1

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms0

Bathrooms1 Full

Floor0

Levels in Unit0

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 181-187 Chestnut St, Springfield MA 01103

Listing ID73042429

Property TypeMulti Family / 5+ Family

Price999100 ($85.92/SqFt)

Style5-9 Family

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total11628

Approximate Lot Size (Acres)0.12

Total Parking6

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate,Renovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB3

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 181-187 Chestnut St, Springfield MA 01103

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTree House

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%

Facilitator Compensation0

Sub-Agent Compensation2.5%

Compensation Based OnNet Sale Price

Financial Information for 181-187 Chestnut St, Springfield MA 01103

Real Estate Taxes11197.9

Tax Year2022

Assessed Value$595,000

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 181-187 Chestnut St, Springfield MA 01103

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 181-187 Chestnut St, Springfield MA 01103

Agent

Name: Anthony Ardolino

Office

Name: Berkshire Hathaway HomeServices Realty Professionals

Phone: 413-596-6711

Payment Calculator

, Interest

Property Taxes 933.16

Principal & Interest 6156.14

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Realty Professionals

Anthony Ardolino

Agent Phone

Office Phone

(413) 596-6711

Text Agent Call Agent Call Office

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    [description] => Owner requesting all interested parties submit offers by Wednesday January 4, 2023 at 5pm. Once in a life-time investment opportunity!  Own this amazing 11 Unit mixed-use commercial & residential building in the heart of Downtown Springfield, MA close to MGM Casino and 3 blocks from Union Station Transportation Center, the busiest Amtrak station in the State of Massachusetts outside of Boston and target location for the new high speed rail between Springfield & Boston. The brick building has recently been completely renovated and is a showpiece property in the City.  Three story high, brick building with 3 fully rented store fronts and 8 (1) bedroom apartments with hardwood flooring. The building is fully sprinklered. All of the utilities are separate. The common areas have a mixture of wood, brick and beautiful lighting.  The apartments are in great condition with open floor plan, high ceilings, oversized windows bringing in lots of natural light.Income and Expense Sheet is attached
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    [unparsed] => 181-187 Chestnut St, Springfield MA 01103
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EXIT

39 More Photos

Closed

181-187 Chestnut St, Springfield MA 01103

$999,100

Annual Expenses for 181-187 Chestnut St, Springfield MA 01103

Annual Income & Unit Breakdown for 181-187 Chestnut St, Springfield MA 01103

General Information for 181-187 Chestnut St, Springfield MA 01103

Disclosures for 181-187 Chestnut St, Springfield MA 01103

Financial Information for 181-187 Chestnut St, Springfield MA 01103

Location Information for 181-187 Chestnut St, Springfield MA 01103

Contact Information for 181-187 Chestnut St, Springfield MA 01103

Agent

Office

Payment Calculator

Exclusive Listing Agent

Berkshire Hathaway HomeServices Realty Professionals

Anthony Ardolino