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79 Oak Street & Vacant Lot, Springfield MA 011

$375,000

Estimated $981.75/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $93,750

Total Rent: 39000/year

Estimated CAP Rate: 9.20%

5 Bedrooms

4 Full Baths

2,620 SqFt

Total Parking: 4

5,880 SqFt

INVESTORS TAKE NOTICE: This fantastic, well-placed 4-unit building + an additional vacant lot (on one deed) awaits your move! Whether it's your 1st investment or an addition to your existing portfolio, this corner lot property is a standout for its benefits of location, recent updates, separate utilities, ample off-street parking, long-term tenants, and more. Renting these units should require less effort given the short distance from American International College, Springfield Technical Community College, parks, community centers, and major highways. The easy access to all that downtown Springfield has to offer is the icing on the cake! You'll see the pride of ownership from this property being well maintained over the years. Updates include the new roof (2022), newly rebuilt egress from the 2nd level, updated apartments with modern touches and newer appliances. Come see for yourself if this is your next real estate investment!

This home has been viewed 38 times

Last Checked: May 7th, 2024 at 7:21am (Source: MLS PIN #73098033)

Gross Income: $39,000

Gross Expenses: $4,484

Net Income Calc: $34,516

CAP Rate: 9.20%

Annual Expenses for 79 Oak Street & Vacant Lot, Springfield MA 011

Total Gross Expenses (Calculated)$4,484/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,484.33

Annual Income & Unit Breakdown for 79 Oak Street & Vacant Lot, Springfield MA 011

Total Gross Income (Calculated)$39,000

Unit 1

Rental Income$850

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit0

HeatingNo

Rent Includes

Unit 2

Rental Income$700

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$900

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$800

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 79 Oak Street & Vacant Lot, Springfield MA 011

Listing ID73098033

Property TypeMulti Family / 4 Family

Price$375,000 ($143.13/SqFt)

Style4 Family

CitySpringfield

CountyHampden

MLS AreaHill McKnight

Neighborhood(s)

Approximate Living Area Total2,620 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking4

Garage Parking

Year Built1905

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther, Corner Lot

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 79 Oak Street & Vacant Lot, Springfield MA 011

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$39,000

Total Net Income By Broker$39,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 79 Oak Street & Vacant Lot, Springfield MA 011

Real Estate Taxes$4,484.33

Tax Year2023

Assessed Value$253,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$39,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$39,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.20%

Location Information for 79 Oak Street & Vacant Lot, Springfield MA 011

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaHill McKnight

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

Contact Information for 79 Oak Street & Vacant Lot, Springfield MA 011

Agent

Name: Gilouse Vincent

Office

Name: Leading Edge Real Estate

Phone: 617-497-4400

Payment Calculator

, Interest

Property Taxes 373.69

Principal & Interest 2310.63

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Leading Edge Real Estate

Gilouse Vincent

Agent Phone

Office Phone

(617) 497-4400

Text Agent Call Agent Call Office

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EXIT

Closed

79 Oak Street & Vacant Lot, Springfield MA 011

$375,000

Annual Expenses for 79 Oak Street & Vacant Lot, Springfield MA 011

Annual Income & Unit Breakdown for 79 Oak Street & Vacant Lot, Springfield MA 011

General Information for 79 Oak Street & Vacant Lot, Springfield MA 011

Disclosures for 79 Oak Street & Vacant Lot, Springfield MA 011

Financial Information for 79 Oak Street & Vacant Lot, Springfield MA 011

Location Information for 79 Oak Street & Vacant Lot, Springfield MA 011

Contact Information for 79 Oak Street & Vacant Lot, Springfield MA 011

Agent

Office

Payment Calculator

Exclusive Listing Agent

Leading Edge Real Estate

Gilouse Vincent