Investor buyers looking out for a great deal with opportunity for positive growth in monthly profits take notice! This fully occupied 4 family home in a nicely central location has 4 nearly identical floor plans & then even additional walk-up attic space for extra potential living space in the future.. With new, updated, good quality flooring installed in 3 out of 4 apartments, each unit has one bedroom, a full bathroom, a living room (or potential second bedroom) & kitchen. Heat is provided by the Gas on Gas stove in the kitchens & each unit has water hookup in the kitchen for a tenant to wash laundry in unit. Separate electrical services & water heaters for each. Ample parking for at least 10 vehicles behind the house & lots of on street parking available as well. Close to Route 5, Big E, downtown Springfield and more! This property is fully occupied. Please do not disturb the tenants. Showings by appointment only.
This home has been viewed 32 times
Last Checked: May 7th, 2024 at 12:26am (Source: MLS PIN #73036125)
Gross Income: $37,500
Gross Expenses: $3,581
Net Income Calc: $33,919
CAP Rate: 8.72%
Annual Expenses for 74 Sprague St, West Springfield MA 01089
Total Gross Expenses (Calculated)$3,581/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$3,581
Annual Income & Unit Breakdown for 74 Sprague St, West Springfield MA 01089
Total Gross Income (Calculated)$37,500
Unit 1
Rental Income$650
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$700
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$875
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income$900
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 74 Sprague St, West Springfield MA 01089
Listing ID73036125
Property TypeMulti Family / 4 Family
Price$389,000 ($163.72/SqFt)
Style4 Family
CityWest Springfield
CountyHampden
MLS Area
Neighborhood(s)
Approximate Living Area Total2,376 SqFt
Approximate Lot Size (Acres)0.11 acres
Total Parking10
Garage Parking
Year Built1890
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate,Renovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel, Cleared
Foundation Area
Foundation DescriptionBrick/Mortar
Accessible Features
Outdoor Space
ZoningRC
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 74 Sprague St, West Springfield MA 01089
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosureunfinished space in walkup attic could potentially
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$37,500
Total Net Income By Broker$37,500
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.25
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 74 Sprague St, West Springfield MA 01089
Real Estate Taxes$3,581
Tax Year2022
Assessed Value$227,200
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$37,500
BostonRealEstate.com Gross Income
Total Net Income By Broker$37,500
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)8.72%
Location Information for 74 Sprague St, West Springfield MA 01089
Elementary SchoolMemorial
Middle SchoolWsms
High SchoolWshs
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Shopping, Bike Path, Public Transportation
Contact Information for 74 Sprague St, West Springfield MA 01089