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Closed

47-49 Belle Avenue, West Springfield MA 01089

$289,900

Estimated $763.78/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $144,950

Total Rent: 29988/year

Estimated CAP Rate: 9.13%

6 Bedrooms

4 Full Baths

2,300 SqFt

Total Parking: 4

3,900 SqFt

ATTENTION INVESTORS & SAVVY BUYERS! Opportunity knocks in this well-maintained Vinyl Sided Two Family Home w/Front Porches situated on a nice size partially fenced lot that is conveniently located near Schools, Shops, Restaurants and Highways. Each spacious unit offers separate utilities w/Circuit Breakers, Gas Heat & Gas Hot Water. Both Units boasts large Living Rooms & Eat-In Kitchens w/1st Floor Unit offering 2 Bedrooms, 2 Full Baths and finished rooms in the Basement and the 2nd Floor Unit offering 4 Bedrooms, 2 Full Baths and finished rooms in the 3rd Floor. Recent renovations in 2nd Floor Unit include APO: Interior Paint / Flooring / Updated Kitchen & Bathrooms. Long term Tenants (currently month-to-month) and strong cash flow w/potential to grow. Great investment property for the Buyer that wants the rent to pay the mortgage or for extra income rewards...this one just makes dollars and cents!

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 2:10am (Source: MLS PIN #73077919)

Gross Income: $29,988

Gross Expenses: $3,524

Net Income Calc: $26,464

CAP Rate: 9.13%

Annual Expenses for 47-49 Belle Avenue, West Springfield MA 01089

Total Gross Expenses (Calculated)$3,524/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,524.47

Annual Income & Unit Breakdown for 47-49 Belle Avenue, West Springfield MA 01089

Total Gross Income (Calculated)$29,988

Unit 1

Rental Income$1,299

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$1,200

LeaseN

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

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

General Information for 47-49 Belle Avenue, West Springfield MA 01089

Listing ID73077919

Property TypeMulti Family

Price$289,900 ($126.04/SqFt)

StyleMulti Family

CityWest Springfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,300 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking4

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

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 47-49 Belle Avenue, West Springfield MA 01089

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureIncludes finished 3rd Floor - Buyer to verify

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$29,988

Total Net Income By Broker$29,988

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 47-49 Belle Avenue, West Springfield MA 01089

Real Estate Taxes$3,524.47

Tax Year2023

Assessed Value$226,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$29,988

BostonRealEstate.com Gross Income

Total Net Income By Broker$29,988

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.13%

Location Information for 47-49 Belle Avenue, West Springfield MA 01089

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, Pool, Tennis Court(s), Private School

Contact Information for 47-49 Belle Avenue, West Springfield MA 01089

Agent

Name: Kelley & Katzer Team

Office

Name: Kelley & Katzer Real Estate, LLC

Phone: 413-209-9933

Team Members

Name: Joseph C. Kelley

Phone: 413-519-0617

Payment Calculator

, Interest

Property Taxes 293.71

Principal & Interest 1786.27

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Kelley & Katzer Real Estate, LLC

Kelley & Katzer Team

Agent Phone

Office Phone

(413) 209-9933

Text Agent Call Agent Call Office

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[18] => Array
                (
                    [id] => 6977057
                    [name] => MLS19.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73077919&w=1024&h=768&n=19
                    [index] => 19
                    [enabled] => 1
                    [created] => 2024-05-07 02:11:06
                    [modified] => 2024-05-07 02:11:06
                )

[19] => Array
                (
                    [id] => 6977058
                    [name] => MLS20.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73077919&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-05-07 02:11:06
                    [modified] => 2024-05-07 02:11:06
                )

[20] => Array
                (
                    [id] => 6977059
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73077919&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 02:11:06
                    [modified] => 2024-05-07 02:11:06
                )

)

)

EXIT