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Closed

336-338 Main St, Springfield MA 01151

$309,000

Estimated $767.71/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $77,250

Total Rent: 49080/year

Estimated CAP Rate: 14.85%

10 Bedrooms

4 Full Baths

5,087 SqFt

Total Parking: 1

7,840 SqFt

Legal four-family in Indian Orchard being sold in AS-IS condition. The property has an updated asphalt shingle roof, off street parking, handicap accessibility to unit 1R (currently occupied). The exterior features a partially fenced in rear yard, vinyl siding and vinyl windows. The interior has 2- 1 bedroom units, and 2 - 4 bedroom units, some of which are occupied by longer term tenants. The entire home is heated with gas heat; first floor tenants on one heating unit. Two of the four units have lead certificates. The property will be fully occupied at time of closing, with total rent equalling $5,500.00

This home has been viewed 36 times

Last Checked: May 7th, 2024 at 2:51am (Source: MLS PIN #73079286)

Gross Income: $49,080

Gross Expenses: $3,200

Net Income Calc: $45,880

CAP Rate: 14.85%

Annual Expenses for 336-338 Main St, Springfield MA 01151

Total Gross Expenses (Calculated)$3,200/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,200

Annual Income & Unit Breakdown for 336-338 Main St, Springfield MA 01151

Total Gross Income (Calculated)$49,080

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 2

Rental Income$890

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$1,600

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit0

HeatingNo

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$1,600

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit0

HeatingNo

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 336-338 Main St, Springfield MA 01151

Listing ID73079286

Property TypeMulti Family / 4 Family

Price$309,000 ($60.74/SqFt)

Style4 Family - 4 Units Up/down

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total5,087 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking1

Garage Parking

Year Built1901

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCleared

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features1

Outdoor Space

ZoningB1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 336-338 Main St, Springfield MA 01151

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNot Available

Total Gross Expenses By Broker$0

Total Gross Income By Broker$49,080

Total Net Income By Broker$49,080

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 336-338 Main St, Springfield MA 01151

Real Estate Taxes$3,200

Tax Year2022

Assessed Value$201,250

Financial Data SourceNot Available

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$49,080

BostonRealEstate.com Gross Income

Total Net Income By Broker$49,080

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)14.85%

Location Information for 336-338 Main St, Springfield MA 01151

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 336-338 Main St, Springfield MA 01151

Agent

Name: Sarah Nelson

Office

Name: Chestnut Oak Associates

Phone: 860-668-0234

Payment Calculator

, Interest

Property Taxes 266.67

Principal & Interest 1903.96

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Chestnut Oak Associates

Sarah Nelson

Agent Phone

Office Phone

(860) 668-0234

Text Agent Call Agent Call Office

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    [description] => Legal four-family in Indian Orchard being sold in AS-IS condition. The property has an updated asphalt shingle roof, off street parking, handicap accessibility to unit 1R (currently occupied). The exterior features a partially fenced in rear yard, vinyl siding and vinyl windows. The interior has 2- 1 bedroom units, and 2 - 4 bedroom units, some of which are occupied by longer term tenants.  The entire home is heated with gas heat; first floor tenants on one heating unit. Two of the four units have lead certificates. The property will be fully occupied at time of closing, with total rent equalling $5,500.00
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[fireplaces] => Array
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    [flooring] => Array
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    [heating] => No
    [heating_expense] => Array
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[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => No
    [hot_water] => Array
        (
        )

[id] => 333445
    [insurance_expense] => Array
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            [0] => $0
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[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 02:51:09
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => 
    [levels_in_unit] => 1
    [living_area] => 5,087 Sq. Ft.
    [living_area_disclosure] => Array
        (
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[living_area_includes_basement] => Array
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            [0] => No
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[lot_features] => Array
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            [0] => Cleared
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[management_expense] => Array
        (
            [0] => $0
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[middle_school] => 
    [miscellaneuos_expense] => Array
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            [0] => $0
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[mls_area] => 
    [mls_id] => 73079286
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        (
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[net_income_calc] => 45880
    [net_operating_income] => Array
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[number_of_lots] => Array
        (
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[number_of_units] => 4
    [office] => Array
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            [id] => M54500
            [name] => Chestnut Oak Associates
            [phone] => 860-668-0234
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[operating_expense] => Array
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            [0] => $0
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[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
        )

[phone] => 413-250-2112
    [pool_features] => Array
        (
        )

[price] => $309,000
    [price_per_sqft] => 60.74
    [price_per_unit] => 77250
    [private_pool] => No
    [property_sub_type] => Array
        (
            [0] => 4 Family - 4 Units Up/down
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[real_estate_tax] => $3,200
    [references_required] => Array
        (
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[rent_includes] => Array
        (
            [0] => Unit 1(water)
            [1] => Unit 2(water)
            [2] => Unit 3(water)
            [3] => Unit 4(water)
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[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 18
    [senior_community] => No
    [sewer] => Array
        (
        )

[sewer_expense] => Array
        (
            [0] => $0
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[short_sale] => 
    [special_listing_conditions] => Array
        (
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[state] => Massachusetts
    [state_code] => MA
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        (
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[street_number] => 336-338
    [structure_type] => Array
        (
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[style] => Array
        (
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[subagent_compensation] => 
    [tag_accessible_features] => 1
    [tag_air_conditioning] => 1
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
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    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
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    [tag_pre_construction] => 
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    [tag_professional_management] => 
    [tag_recently_renovated] => 
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    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 
    [tax_year] => 2022
    [team] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => None
    [title_5] => 
    [total_gross_expense] => 3200
    [total_gross_income] => 49080
    [total_parking] => 1
    [trash_expense] => Array
        (
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[uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 1
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
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[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 1
    [unit_2_floor] => 1
    [unit_2_lease] => Array
        (
            [0] => N
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[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
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[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 4
    [unit_3_floor] => 2
    [unit_3_lease] => Array
        (
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[unit_3_levels] => 0
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        (
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[unit_4_bathrooms] => 1 Full
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    [unit_4_floor] => 2
    [unit_4_lease] => Array
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[unit_4_levels] => 0
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[unit_level] => 
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            [0] => 336-338 Main St, Springfield MA 01151
        )

[utilities] => Array
        (
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[view] => Array
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[water] => Array
        (
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[water_expense] => Array
        (
            [0] => $0
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[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => No
    [waterfront_features] => Array
        (
        )

[year_built] => 1901
    [year_built_details] => Approximate
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01151
    [zoning] => B1
    [zoning_details] => 
    [media] => Array
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)

EXIT

Closed

336-338 Main St, Springfield MA 01151

$309,000

Annual Expenses for 336-338 Main St, Springfield MA 01151

Annual Income & Unit Breakdown for 336-338 Main St, Springfield MA 01151

General Information for 336-338 Main St, Springfield MA 01151

Disclosures for 336-338 Main St, Springfield MA 01151

Financial Information for 336-338 Main St, Springfield MA 01151

Location Information for 336-338 Main St, Springfield MA 01151

Contact Information for 336-338 Main St, Springfield MA 01151

Agent

Office

Payment Calculator

Exclusive Listing Agent

Chestnut Oak Associates

Sarah Nelson