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16-18 Cherry St, Springfield MA 01105

$300,000

Estimated $838.53/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $150,000

Total Rent: 27000/year

Estimated CAP Rate: 7.59%

5 Bedrooms

2 Full Baths

2,364 SqFt

Total Parking: 4

5,153 SqFt

Construction completed May 2006. One Owner since then. Sold "As Occupied". Rents are $1,000/$1,250. Both units have kit/din combo, country kitchen and room count reflects kit, din area. Separate basement for each unit. Convenient residential location. Many recent upgrades and improvements. Everything you would expect from a 16+ year old 2 family which has been hands on managed and maintained.

This home has been viewed 34 times

Last Checked: May 7th, 2024 at 12:41am (Source: MLS PIN #73073245)

Gross Income: $27,000

Gross Expenses: $4,225

Net Income Calc: $22,775

CAP Rate: 7.59%

Annual Expenses for 16-18 Cherry St, Springfield MA 01105

Total Gross Expenses (Calculated)$4,225/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,225

Annual Income & Unit Breakdown for 16-18 Cherry St, Springfield MA 01105

Total Gross Income (Calculated)$27,000

Unit 1

Rental Income$1,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$1,250

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 16-18 Cherry St, Springfield MA 01105

Listing ID73073245

Property TypeMulti Family

Price$300,000 ($126.9/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,364 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking4

Garage Parking

Year Built2006

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCleared

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 16-18 Cherry St, Springfield MA 01105

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$27,000

Total Net Income By Broker$27,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation0.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 16-18 Cherry St, Springfield MA 01105

Real Estate Taxes$4,225

Tax Year2022

Assessed Value$224,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$27,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$27,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.59%

Location Information for 16-18 Cherry St, Springfield MA 01105

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHouse Of Worship, Public School, Shopping, Park, Public Transportation, Sidewalks

Contact Information for 16-18 Cherry St, Springfield MA 01105

Agent

Name: Lynn Morrissey

Office

Name: Torrey & Associates R. E.

Phone: 508-580-8440

Payment Calculator

, Interest

Property Taxes 352.08

Principal & Interest 1848.5

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Torrey & Associates R. E.

Lynn Morrissey

Agent Phone

Office Phone

(508) 580-8440

Text Agent Call Agent Call Office

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EXIT