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Expired

54 Lincoln Street, Springfield MA 01109

$389,900

Estimated $970.20/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $129,966.67

Total Rent: 32280/year

Estimated CAP Rate: 7.24%

9 Bedrooms

3 Full Baths

3,883 SqFt

Total Parking: 4

7,009 SqFt

Great Investment Opportunity!!! Income producing 3 family home with 3 bedrooms per unit, great for investor or owner occupant. Property conveniently located near public transportation, easy highway access, hospitals, shopping, public schools and local colleges. (APO) Featuring newer vinyl siding, roof, replacement windows and boilers. Newer water heaters for second & third floor. Off street parking, all separate utilities with owners electric meter. Letters of lead compliance. First and second floor rented to section 8 tenants. A must see!! Property sold "As-Is" condition.

This home has been viewed 46 times

Last Checked: May 7th, 2024 at 1:56am (Source: MLS PIN #73028182)

Gross Income: $32,280

Gross Expenses: $4,055

Net Income Calc: $28,225

CAP Rate: 7.24%

Annual Expenses for 54 Lincoln Street, Springfield MA 01109

Total Gross Expenses (Calculated)$4,055/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,055.71

Annual Income & Unit Breakdown for 54 Lincoln Street, Springfield MA 01109

Total Gross Income (Calculated)$32,280

Unit 1

Rental Income$1,475

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$1,215

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 54 Lincoln Street, Springfield MA 01109

Listing ID73028182

Property TypeMulti Family / 3 Family

Price$389,900 ($100.41/SqFt)

Style3 Family - 3 Units Up/down

CitySpringfield

CountyHampden

MLS AreaHill McKnight

Neighborhood(s)

Approximate Living Area Total3,883 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking4

Garage Parking

Year Built1916

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 54 Lincoln Street, Springfield MA 01109

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$15,600

Total Net Income By Broker$15,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 54 Lincoln Street, Springfield MA 01109

Real Estate Taxes$4,055.71

Tax Year2022

Assessed Value$215,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$15,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$15,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.24%

Location Information for 54 Lincoln Street, Springfield MA 01109

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaHill McKnight

Area AmenitiesPublic School, Shopping, Medical Facility, Public Transportation, University

Contact Information for 54 Lincoln Street, Springfield MA 01109

Agent

Name: Jose Rodriguez

Office

Name: Berkshire Hathaway HomeServices Realty Professionals

Phone: 413-737-7356

Payment Calculator

, Interest

Property Taxes 337.98

Principal & Interest 2402.44

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Realty Professionals

Jose Rodriguez

Agent Phone

Office Phone

(413) 737-7356

Text Agent Call Agent Call Office

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    [description] => Great Investment Opportunity!!! Income producing 3 family home with 3 bedrooms per unit, great for investor or owner occupant. Property conveniently located near public transportation, easy highway access, hospitals, shopping, public schools and local colleges. (APO) Featuring newer vinyl siding, roof, replacement windows and boilers. Newer water heaters for second & third floor. Off street parking, all separate utilities with owners electric meter. Letters of lead compliance. First and second floor rented to section 8 tenants.  A must see!! Property sold "As-Is" condition.
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[high_school] => 
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[horse_permitted] => No
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[id] => 331508
    [insurance_expense] => Array
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            [name] => Berkshire Hathaway HomeServices Realty Professionals
            [phone] => 413-737-7356
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[owner_occupancy_source] => 
    [parking_features] => Array
        (
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[pasture_area] => None
    [patio_and_porch] => Array
        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
    [pet_policy] => Array
        (
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[phone] => 413-433-3000
    [pool_features] => Array
        (
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    [price_per_sqft] => 100.41
    [price_per_unit] => 129966.66666667
    [private_pool] => No
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
        (
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[roof_material] => Array
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[rooms] => 15
    [senior_community] => No
    [sewer] => Array
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[sewer_expense] => Array
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[short_sale] => 
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[state] => Massachusetts
    [state_code] => MA
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[style] => Array
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[subagent_compensation] => 
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    [team] => Array
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[terms] => Array
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[timber_acres] => None
    [title_5] => 
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    [total_gross_income] => 32280
    [total_parking] => 4
    [trash_expense] => Array
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[uffi] => Array
        (
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[unit_1_bathrooms] => 1 Full
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    [unit_1_floor] => 1
    [unit_1_lease] => Array
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[unit_1_levels] => 1
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[unit_2_bathrooms] => 1 Full
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[unit_2_levels] => 1
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[unit_3_levels] => 1
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[unit_4_bathrooms] => 
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    [unit_4_lease] => Array
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[unit_4_levels] => 
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[unit_level] => 
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    [unparsed] => Array
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[utilities] => Array
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[water] => Array
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[water_expense] => Array
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[water_views] => Array
        (
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[water_views_features] => Array
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[waterfront] => No
    [waterfront_features] => Array
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[year_built] => 1916
    [year_built_details] => Approximate
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01109
    [zoning] => R2
    [zoning_details] => 
    [media] => Array
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EXIT

Expired

54 Lincoln Street, Springfield MA 01109

$389,900

Annual Expenses for 54 Lincoln Street, Springfield MA 01109

Annual Income & Unit Breakdown for 54 Lincoln Street, Springfield MA 01109

General Information for 54 Lincoln Street, Springfield MA 01109

Disclosures for 54 Lincoln Street, Springfield MA 01109

Financial Information for 54 Lincoln Street, Springfield MA 01109

Location Information for 54 Lincoln Street, Springfield MA 01109

Contact Information for 54 Lincoln Street, Springfield MA 01109

Agent

Office

Payment Calculator

Exclusive Listing Agent

Berkshire Hathaway HomeServices Realty Professionals

Jose Rodriguez