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1007-1009 Berkshire Ave, Springfield MA 01151

Closed

1007-1009 Berkshire Ave, Springfield MA 01151

$289,900

Estimated $724/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $144,950

Total Rent: 15600/year

Estimated CAP Rate:

4 Bedrooms

Baths

2743

Total Parking: 3 (1 Garage)

5,001 (0.11)

Knock, Knock. That is opportunity knocking at your door. This wonderful 2 unit has a great yard and garage. There is a complete open floor plan on the third floor that offers the potential for a third unit. Excellent location within minutes of most major routes. Rental income should put this investment in the Capitalization rate area of above 8%. With the third floor potential, this rate will be even higher. The current existing units have separate heat and hot water and electricity. Both Bathrooms are very updated. Kitchens offer great space and storage. The first and second floor units have 2 Bedrooms, 1 Bathroom, a Dining Room and a Living Room. The full basement offers plenty of storage and separate Laundry areas. This home is a great investment opportunity and the perfect home for an owner occupied situation.

This home has been viewed 66 times

Last Checked: May 7th, 2024 at 12:10am (Source: MLS PIN #73000727)

Gross Income: $15,600

Gross Expenses: $3,047

Net Income Calc: $12,553

Annual Expenses for 1007-1009 Berkshire Ave, Springfield MA 01151

Total Gross Expenses (Calculated)$3,047/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax3047

Annual Income & Unit Breakdown for 1007-1009 Berkshire Ave, Springfield MA 01151

Total Gross Income (Calculated)$15,600

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 1007-1009 Berkshire Ave, Springfield MA 01151

Listing ID73000727

Property TypeMulti Family

Price289900 ($105.69/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total2743

Approximate Lot Size (Acres)0.11

Total Parking3 (1 Garage)

Garage Parking1

Year Built1916

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR1

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 1007-1009 Berkshire Ave, Springfield MA 01151

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsFireplace Mantel In Living Room Is Excluded.

Financial Data Source

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 Compensation1.0

Compensation Based OnNet Sale Price

Financial Information for 1007-1009 Berkshire Ave, Springfield MA 01151

Real Estate Taxes3047

Tax Year2022

Assessed Value$161,900

Financial Data Source

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 1007-1009 Berkshire Ave, Springfield MA 01151

Neighborhood(s)

Area Amenities

Contact Information for 1007-1009 Berkshire Ave, Springfield MA 01151

Agent

Name: The Kevin Moore Group

Office

Name: Keller Williams Realty

Phone: 413-565-5478

Payment Calculator

, Interest

Property Taxes 253.92

Principal & Interest 1786.27

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty

The Kevin Moore Group

Agent Phone

Office Phone

(413) 565-5478

Text Agent Call Agent Call Office

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    [unparsed] => 1007-1009 Berkshire Ave, Springfield MA 01151
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EXIT

27 More Photos