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Closed

78 Maple St, Springfield MA 01105

$450,000

Estimated $1,074.25/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $112,500

Total Rent: 54000/year

Estimated CAP Rate: 11.08%

8 Bedrooms

4 Full, 1 Half Baths

5,408 SqFt

Total Parking: 1

2,187 SqFt

Investors & FHA Buyers Take Notice of this Amazing Investment Opportunity! 4 Unit Brick Building a Short walk to MGM Casino in Thriving Downtown Springfield, MA Home of the Basketball Hall of Fame. Also located close to highways, entertainment, restaurants & hotels. One unit will be vacant at closing! A Golden Opportunity to add to or begin your investment portfolio. Beautiful curb appeal with this Boston Style Brownstone Building with Victorian Bay windows accenting the remarkable architecture in this building. Lots of natural wood work in the large foyer. The apartments have been updated and the mechanicals are sound. This 4 family property can be purchased individually or with 76 Maple St which would give you 8 units combined in the same building.

This home has been viewed 41 times

Last Checked: May 7th, 2024 at 5:41am (Source: MLS PIN #73096952)

Gross Income: $54,000

Gross Expenses: $4,135

Net Income Calc: $49,865

CAP Rate: 11.08%

Annual Expenses for 78 Maple St, Springfield MA 01105

Total Gross Expenses (Calculated)$4,135/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,135

Annual Income & Unit Breakdown for 78 Maple St, Springfield MA 01105

Total Gross Income (Calculated)$54,000

Unit 1

Rental Income$1,250

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,250

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,150

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$850

LeaseN

Bedrooms1

Bathrooms1 Full

Floor4

Levels in Unit1

HeatingYes

Rent Includes

General Information for 78 Maple St, Springfield MA 01105

Listing ID73096952

Property TypeMulti Family / 4 Family

Price$450,000 ($83.21/SqFt)

Style4 Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total5,408 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking1

Garage Parking

Year Built1897

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningC1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 78 Maple St, Springfield MA 01105

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOther (see Remarks)

Total Gross Expenses By Broker$0

Total Gross Income By Broker$54,000

Total Net Income By Broker$54,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation2%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 78 Maple St, Springfield MA 01105

Real Estate Taxes$4,135

Tax Year2023

Assessed Value$242,500

Financial Data SourceOther (see Remarks)

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$54,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$54,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)11.08%

Location Information for 78 Maple St, Springfield MA 01105

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Private School, University

Contact Information for 78 Maple St, Springfield MA 01105

Agent

Name: Chester Ardolino

Office

Name: Berkshire Hathaway HomeServices Realty Professionals

Phone: 413-596-6711

Payment Calculator

, Interest

Property Taxes 344.58

Principal & Interest 2772.76

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Realty Professionals

Chester Ardolino

Agent Phone

Office Phone

(413) 596-6711

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full, 1 Half
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[water_views_features] => Array
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[year_built] => 1897
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)

EXIT

Closed

78 Maple St, Springfield MA 01105

$450,000

Annual Expenses for 78 Maple St, Springfield MA 01105

Annual Income & Unit Breakdown for 78 Maple St, Springfield MA 01105

General Information for 78 Maple St, Springfield MA 01105

Disclosures for 78 Maple St, Springfield MA 01105

Financial Information for 78 Maple St, Springfield MA 01105

Location Information for 78 Maple St, Springfield MA 01105

Contact Information for 78 Maple St, Springfield MA 01105

Agent

Office

Payment Calculator

Exclusive Listing Agent

Berkshire Hathaway HomeServices Realty Professionals

Chester Ardolino