New roof, updated wiring,. Great opportunity, ,Well maintained 2 family home, located in Forest Park. with a 2-CAR GARAGE. This property could be a great investment for the right buyer.. Agent is related to the seller.
This home has been viewed 20 times
Last Checked: May 7th, 2024 at 1:16am (Source: MLS PIN #73080795)
Gross Income: $55,200
Gross Expenses: $26,723
Net Income Calc: $28,477
CAP Rate: 8.66%
Annual Expenses for 1017-1019 Sumner Ave, Springfield MA 01108
Total Gross Expenses (Calculated)$26,723/year
APOD AvailableYes
Heating
Electricity$7,600
Water$3,800
Gas$3,800
Insurance$2,500
Sewer$3,800
Trash Removal
Repair & Maintenance$1,100
Management
Miscellaneous
Real Estate Tax$3,723
Annual Income & Unit Breakdown for 1017-1019 Sumner Ave, Springfield MA 01108
Total Gross Income (Calculated)$55,200
Unit 1
Rental Income$1,850
LeaseN
Bedrooms5
Bathrooms2 Full
Floor1
Levels in Unit2
HeatingYes
Rent IncludesElectric, Gas, Water, Unit 1(heat, Hot Water), Unit 2(heat
Unit 2
Rental Income$2,750
LeaseN
Bedrooms4
Bathrooms2 Full
Floor2
Levels in Unit2
HeatingYes
Rent IncludesElectric, Gas, Water, Unit 1(heat, Hot Water), Unit 2(heat
General Information for 1017-1019 Sumner Ave, Springfield MA 01108
Listing ID73080795
Property TypeMulti Family / 2 Family
Price$329,000 ($83.02/SqFt)
Style2 Family - 2 Units Up/down
CitySpringfield
CountyHampden
MLS AreaEast Forest Park
Neighborhood(s)
Approximate Living Area Total3,963 SqFt
Approximate Lot Size (Acres)0.11 acres
Total Parking6 (2 Garage)
Garage Parking2 / Detached
Year Built1925
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
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 1017-1019 Sumner Ave, Springfield MA 01108
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated
Total Gross Expenses By Broker$23,000
Total Gross Income By Broker$55,200
Total Net Income By Broker$35,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation1.5
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 1017-1019 Sumner Ave, Springfield MA 01108
Real Estate Taxes$3,723
Tax Year2022
Assessed Value$197,800
Financial Data SourceEstimated
Total Gross Expenses By Broker$23,000
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$55,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$35,200
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)8.66%
Location Information for 1017-1019 Sumner Ave, Springfield MA 01108
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaEast Forest Park
Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Tennis Court(s), University
Contact Information for 1017-1019 Sumner Ave, Springfield MA 01108