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46-48 Malden St, Springfield MA 01108

$349,900

Estimated $930/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $116,633.33

Total Rent: 34200/year

Estimated CAP Rate:

8 Bedrooms

Baths

2922

Total Parking: 10

5,001 (0.11)

***Multiple Offers - Highest and Best Deadline 03/27 at 5PM!*** Here's your opportunity to own this income producing, legal 3 family home in Forest Park!! FHA/VA loan ready!! All 3 units have been de-leaded!! This property is perfect for an owner occupant or investor to start cash flowing with two occupied units bringing in $2,850 in gross monthly rent! The vacant 3rd floor is ready for the next owner to move in or to be rented as well! The vacant 3rd floor unit consists of a large living room, spacious eat-in kitchen, 3 bedrooms, and 1 full bathroom. The exterior features newer vinyl siding, replacement vinyl windows, and a large driveway which can fit up to 10 vehicles. The ample sized backyard is ideal for summer entertainment! All units have newer gas forced air furnaces, and gas hot water tanks. Utilities are separate for each unit, tenants are responsible for their own electric and gas. Come see everything this cash cow has to offer! Private showings start immediately!!

This home has been viewed 35 times

Last Checked: May 7th, 2024 at 6:16am (Source: MLS PIN #73089174)

Gross Income: $34,200

Gross Expenses: $4,351

Net Income Calc: $29,849

Annual Expenses for 46-48 Malden St, Springfield MA 01108

Total Gross Expenses (Calculated)$4,351/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4351

Annual Income & Unit Breakdown for 46-48 Malden St, Springfield MA 01108

Total Gross Income (Calculated)$34,200

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

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 46-48 Malden St, Springfield MA 01108

Listing ID73089174

Property TypeMulti Family / 3 Family

Price349900 ($119.75/SqFt)

Style3 Family

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total2922

Approximate Lot Size (Acres)0.11

Total Parking10

Garage Parking0

Year Built1909

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 46-48 Malden St, Springfield MA 01108

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsGenerator

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 Compensation0

Compensation Based OnNet Sale Price

Financial Information for 46-48 Malden St, Springfield MA 01108

Real Estate Taxes4351

Tax Year2023

Assessed Value$255,200

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 46-48 Malden St, Springfield MA 01108

Neighborhood(s)

Area Amenities

Contact Information for 46-48 Malden St, Springfield MA 01108

Agent

Name: Juvil Medina

Office

Name: Gallagher Real Estate

Phone: 413-536-7232

Payment Calculator

, Interest

Property Taxes 362.58

Principal & Interest 2155.97

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gallagher Real Estate

Juvil Medina

Agent Phone

Office Phone

(413) 536-7232

Text Agent Call Agent Call Office

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EXIT

14 More Photos

Closed

46-48 Malden St, Springfield MA 01108

$349,900

Annual Expenses for 46-48 Malden St, Springfield MA 01108

Annual Income & Unit Breakdown for 46-48 Malden St, Springfield MA 01108

General Information for 46-48 Malden St, Springfield MA 01108

Disclosures for 46-48 Malden St, Springfield MA 01108

Financial Information for 46-48 Malden St, Springfield MA 01108

Location Information for 46-48 Malden St, Springfield MA 01108

Contact Information for 46-48 Malden St, Springfield MA 01108

Agent

Office

Payment Calculator

Exclusive Listing Agent

Gallagher Real Estate

Juvil Medina