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Closed

18-20 Medford St, Springfield MA 01107

$280,000

Estimated $634.35/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $93,333.33

Total Rent: 20100/year

Estimated CAP Rate: 4.78%

7 Bedrooms

3 Full, 2 Half Baths

2,894 SqFt

Total Parking: 6

4,635 SqFt

Welcome to this lead treated FHA friendly 3 unit home for sale in Springfield; First Floor unit is vacant, perfect for an owner occupant. 4 Minutes to Baystate Hospital, 6 minutes from MGM Springfield, and in close proximity to the train station, bus station, and major highw...

This home has been viewed 19 times

Last Checked: May 7th, 2024 at 6:21am (Source: MLS PIN #73080459)

Gross Income: $20,100

Gross Expenses: $6,714

Net Income Calc: $13,386

CAP Rate: 4.78%

Annual Expenses for 18-20 Medford St, Springfield MA 01107

Total Gross Expenses (Calculated)$6,714/year

APOD AvailableNo

Heating

Electricity

Water$2,249

Gas$2,249

Insurance$1,681

Sewer$2,249

Trash Removal

Repair & Maintenance$360

Management

Miscellaneous$260

Real Estate Tax$2,164

Annual Income & Unit Breakdown for 18-20 Medford St, Springfield MA 01107

Total Gross Income (Calculated)$20,100

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$825

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$850

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 18-20 Medford St, Springfield MA 01107

Listing ID73080459

Property TypeMulti Family / 3 Family

Price$280,000 ($96.75/SqFt)

Style3 Family - 3 Units Up/down

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,894 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking6

Garage Parking

Year Built1905

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 18-20 Medford St, Springfield MA 01107

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$7,266

Total Gross Income By Broker$29,700

Total Net Income By Broker$22,434

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 18-20 Medford St, Springfield MA 01107

Real Estate Taxes$2,164

Tax Year2022

Assessed Value$115,000

Financial Data Source

Total Gross Expenses By Broker$7,266

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$29,700

BostonRealEstate.com Gross Income

Total Net Income By Broker$22,434

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.78%

Location Information for 18-20 Medford St, Springfield MA 01107

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Medical Facility, Laundromat, Public Transportation

Contact Information for 18-20 Medford St, Springfield MA 01107

Agent

Name: Raquel Medina

MLS ID: CN248005

Office ID: AN5521

National Association ID: 452517647

Address: 119 Pine Grove Street

City: Springfield

State: MA

Zip: 01119

Office

Name: Gallagher Real Estate

MLS Office ID: AN1364

Phone: 413-536-7232

Payment Calculator

$1,905.60 per month

30 Years Fixed, 6.75% Interest

Property Taxes $180.33

Principal & Interest $1,725.27

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gallagher Real Estate

Raquel Medina

Agent Phone

Office Phone

(413) 536-7232

Text Agent Call Agent Call Office

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EXIT

Closed

18-20 Medford St, Springfield MA 01107

$280,000

Annual Expenses for 18-20 Medford St, Springfield MA 01107

Annual Income & Unit Breakdown for 18-20 Medford St, Springfield MA 01107

General Information for 18-20 Medford St, Springfield MA 01107

Disclosures for 18-20 Medford St, Springfield MA 01107

Financial Information for 18-20 Medford St, Springfield MA 01107

Location Information for 18-20 Medford St, Springfield MA 01107

Contact Information for 18-20 Medford St, Springfield MA 01107

Agent

Office

Payment Calculator

Exclusive Listing Agent

Gallagher Real Estate

Raquel Medina