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Canceled

84-86 Chapin Terrace, Springfield MA 01107

$324,900

Estimated $896.52/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $162,450

Total Rent: 0/year

Estimated CAP Rate: -5.06%

3 Bedrooms

1 Full, 2 Half Baths

3,192 SqFt

Total Parking: 20

14,440 SqFt

This building is zoned R2 andhas been used with a SPECIAL PERMIT as a doctor's office with a live in apartment on the second floor. The office has a large waiting room and office area and 4+ patient rooms and 2 half baths and central air. The parking lot has 20+ spaces. The second floor apartment has a lot of older charm but updated kitchen and ducted for central air. This property abuts the current back exit of Baystate Medical Center so is very convenient for a medical practice. Easy to show!

This home has been viewed 21 times

Last Checked: May 7th, 2024 at 5:26am (Source: MLS PIN #73045118)

Gross Income: $0

Gross Expenses: $16,436

Net Income Calc: $16,436

CAP Rate: -5.06%

Annual Expenses for 84-86 Chapin Terrace, Springfield MA 01107

Total Gross Expenses (Calculated)$16,436/year

APOD AvailableNo

Heating

Electricity$6,000

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,436.41

Annual Income & Unit Breakdown for 84-86 Chapin Terrace, Springfield MA 01107

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 84-86 Chapin Terrace, Springfield MA 01107

Listing ID73045118

Property TypeMulti Family

Price$324,900 ($101.79/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total3,192 SqFt

Approximate Lot Size (Acres)0.33 acres

Total Parking20

Garage Parking

Year Built1926

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area0

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 84-86 Chapin Terrace, Springfield MA 01107

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosurefirst floor currently used as medical office with

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$12,000

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 84-86 Chapin Terrace, Springfield MA 01107

Real Estate Taxes$4,436.41

Tax Year2023

Assessed Value$260,200

Financial Data Source

Total Gross Expenses By Broker$12,000

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-5.06%

Location Information for 84-86 Chapin Terrace, Springfield MA 01107

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic Transportation, Sidewalks

Contact Information for 84-86 Chapin Terrace, Springfield MA 01107

Agent

Name: Beth Brogle

Office

Name: Berkshire Hathaway HomeServices Realty Professionals

Phone: 413-315-4337

Payment Calculator

, Interest

Property Taxes 369.7

Principal & Interest 2001.93

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Realty Professionals

Beth Brogle

Agent Phone

Office Phone

(413) 315-4337

Text Agent Call Agent Call Office

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EXIT