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Closed

42-44 Palmer Ave, Springfield MA 01108

$279,900

Estimated $718.03/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $139,950

Total Rent: 36000/year

Estimated CAP Rate: 11.73%

8 Bedrooms

3 Full Baths

2,425 SqFt

Total Parking: 10

7,072 SqFt

LOCATION! LOCATION! LOCATION! This Beautifully Renovated Multi Family located in Forest Park, is Perfect For Investor Or Owner Occupant. 1st floor is rented Features New Roof, Replacement Windows Throughout, Gas Heat, Hot Water and much more!!! 2nd/3rd floor is VACANT and READY!!! Schedule Your Showings Today Before Its Too Late!!!!

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 6:06am (Source: MLS PIN #73059556)

Gross Income: $36,000

Gross Expenses: $3,170

Net Income Calc: $32,830

CAP Rate: 11.73%

Annual Expenses for 42-44 Palmer Ave, Springfield MA 01108

Total Gross Expenses (Calculated)$3,170/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,170

Annual Income & Unit Breakdown for 42-44 Palmer Ave, Springfield MA 01108

Total Gross Income (Calculated)$36,000

Unit 1

Rental Income$1,200

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit0

HeatingNo

Rent Includes

Unit 2

Rental Income$1,800

LeaseN

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit0

HeatingNo

Rent Includes

General Information for 42-44 Palmer Ave, Springfield MA 01108

Listing ID73059556

Property TypeMulti Family

Price$279,900 ($115.42/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,425 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking10

Garage Parking

Year Built1904

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter,Block

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 42-44 Palmer Ave, Springfield MA 01108

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$19,200

Total Net Income By Broker$19,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 42-44 Palmer Ave, Springfield MA 01108

Real Estate Taxes$3,170

Tax Year2021

Assessed Value$167,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$19,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$19,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)11.73%

Location Information for 42-44 Palmer Ave, Springfield MA 01108

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 42-44 Palmer Ave, Springfield MA 01108

Agent

Name: Wilson Rosario

Office

Name: Gallagher Real Estate

Phone: 413-536-7232

Payment Calculator

, Interest

Property Taxes 264.17

Principal & Interest 1724.65

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gallagher Real Estate

Wilson Rosario

Agent Phone

Office Phone

(413) 536-7232

Text Agent Call Agent Call Office

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EXIT