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Closed

62 Malden St, Springfield MA 01108

$279,900

Estimated $756.69/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $139,950

Total Rent: 30600/year

Estimated CAP Rate: 9.63%

6 Bedrooms

2 Full Baths

2,387 SqFt

Total Parking: 4 (2 Garage)

5,001 SqFt

EXCELLENT OPPORTUNITY FOR THE OWNER OCCUPIED OR SAVVY INVESTOR! This centrally located 2 family has it all! First floor unit offers two bedrooms, kitchen with walk in pantry, living room and full bath; Second floor unit has been tastefully refinished-two bedrooms, dining room, living room, kitchen with walk in pantry, full bath AND access to a 3rd floor with ADDITIONAL LIVING SPACE a perfect set up for extra bedrooms! Separate utilities-forced hot air gas heat (on all three levels) and electricity; LETTERS OF FULL DELEADING COMPLIANCE FOR BOTH UNITS; Spacious fenced in yard with unpaved off street parking and TWO car garage for additional income possibilities. ADDED PERKS include: replacement windows and vinyl siding! Excellent long term first floor tenant in place!

This home has been viewed 42 times

Last Checked: May 7th, 2024 at 12:46am (Source: MLS PIN #73046515)

Gross Income: $30,600

Gross Expenses: $3,634

Net Income Calc: $26,966

CAP Rate: 9.63%

Annual Expenses for 62 Malden St, Springfield MA 01108

Total Gross Expenses (Calculated)$3,634/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,634

Annual Income & Unit Breakdown for 62 Malden St, Springfield MA 01108

Total Gross Income (Calculated)$30,600

Unit 1

Rental Income$950

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$1,600

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

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

General Information for 62 Malden St, Springfield MA 01108

Listing ID73046515

Property TypeMulti Family

Price$279,900 ($117.26/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS AreaForest Park

Neighborhood(s)

Approximate Living Area Total2,387 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking4 (2 Garage)

Garage Parking2 / Detached

Year Built1899

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 62 Malden St, Springfield MA 01108

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureMay not include finished 3rd floor with heat and e

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$30,600

Total Net Income By Broker$30,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 62 Malden St, Springfield MA 01108

Real Estate Taxes$3,634

Tax Year2022

Assessed Value$193,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$30,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$30,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.63%

Location Information for 62 Malden St, Springfield MA 01108

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaForest Park

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, Private School, University

Contact Information for 62 Malden St, Springfield MA 01108

Agent

Name: Meghan Lynch

Office

Name: Berkshire Hathaway HomeServices Realty Professionals

Phone: 413-567-3361

Payment Calculator

, Interest

Property Taxes 302.83

Principal & Interest 1724.65

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Realty Professionals

Meghan Lynch

Agent Phone

Office Phone

(413) 567-3361

Text Agent Call Agent Call Office

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EXIT