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583 Union St, Springfield MA 01109

$359,000

Estimated $869/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $119,666.67

Total Rent: 15600/year

Estimated CAP Rate:

9 Bedrooms

Baths

4080

Total Parking: 3

4,143 (0.10)

Welcome to 583 Union St - Here for investors and First time home buyers alike this bright and spacious 3 decker in Springfield is ready for its next owner. This property features 3 units all with similar layouts - 3 spacious bedrooms, eat in kitchen and bright living room. Here you will find an income producing home that has two vacant units (1st & 3rd floor) with some nice updates and available for occupancy upon closing. Second floor as a long term tenants currently pays $1,300/mo. with a lease in place through 2024. The property is conveniently located near major highways, casino and everything that downtown Springfield has to offer. Do not hesitate and schedule your showing today!

This home has been viewed 60 times

Last Checked: May 7th, 2024 at 4:21am (Source: MLS PIN #73054637)

Gross Income: $15,600

Gross Expenses: $3,440

Net Income Calc: $12,160

Water Views

Annual Expenses for 583 Union St, Springfield MA 01109

Total Gross Expenses (Calculated)$3,440/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax3440

Annual Income & Unit Breakdown for 583 Union St, Springfield MA 01109

Total Gross Income (Calculated)$15,600

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 583 Union St, Springfield MA 01109

Listing ID73054637

Property TypeMulti Family / 3 Family

Price359000 ($87.99/SqFt)

Style3 Family

CitySpringfield

CountyHampden

MLS AreaHill McKnight

Neighborhood(s)

Approximate Living Area Total4080

Approximate Lot Size (Acres)0.1

Total Parking3

Garage Parking0

Year Built1913

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 583 Union St, Springfield MA 01109

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSheds

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 583 Union St, Springfield MA 01109

Real Estate Taxes3440

Tax Year2022

Assessed Value$182,800

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 583 Union St, Springfield MA 01109

Elementary SchoolDeberry Element

Neighborhood(s)

MLS AreaHill McKnight

Area AmenitiesWalk/jog Trails

Contact Information for 583 Union St, Springfield MA 01109

Agent

Name: Silverio Estates Group

Office

Name: Century 21 North East

Phone: 603-893-8230

Payment Calculator

, Interest

Property Taxes 286.67

Principal & Interest 2212.04

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Silverio Estates Group

Agent Phone

Office Phone

(603) 893-8230

Text Agent Call Agent Call Office

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EXIT

12 More Photos

Closed

583 Union St, Springfield MA 01109

$359,000

Annual Expenses for 583 Union St, Springfield MA 01109

Annual Income & Unit Breakdown for 583 Union St, Springfield MA 01109

General Information for 583 Union St, Springfield MA 01109

Disclosures for 583 Union St, Springfield MA 01109

Financial Information for 583 Union St, Springfield MA 01109

Location Information for 583 Union St, Springfield MA 01109

Contact Information for 583 Union St, Springfield MA 01109

Agent

Office

Payment Calculator

Exclusive Listing Agent

Century 21 North East

Silverio Estates Group