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Closed

520 Armory St, Springfield MA 01104

$229,900

Estimated $696.61/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $114,950

Total Rent: 24000/year

Estimated CAP Rate: 8.75%

6 Bedrooms

2 Full Baths

2,652 SqFt

Total Parking: 6

5,249 SqFt

INVESTORS ONLY! SELLER WILL NOT RELOCATE TENANTS! Well Maintained 2 Family Home! Terrific Location for this income producing 2 family property with 6 rooms, 3 bedrooms and 1 bath each unit. The property is located in extremely popular neighborhood close to schools, Van Horn Park, Medical Centers including Shriners Hospital. Easy highway access which makes it easy for travel from Boston, NY, Hartford CT. This property is on the public transportation line & close to shopping as well making this very convenient. There is plenty of off street parking.The units are spacious with high celings and improvement made to the kitchens and bathrooms. Each Unit has Lead Certificates! Mechanicals are updated as well. Long Term Tenants to Remain!

This home has been viewed 39 times

Last Checked: May 7th, 2024 at 8:11am (Source: MLS PIN #73076493)

Gross Income: $24,000

Gross Expenses: $3,886

Net Income Calc: $20,114

CAP Rate: 8.75%

Annual Expenses for 520 Armory St, Springfield MA 01104

Total Gross Expenses (Calculated)$3,886/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,886

Annual Income & Unit Breakdown for 520 Armory St, Springfield MA 01104

Total Gross Income (Calculated)$24,000

Unit 1

Rental Income$1,000

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 520 Armory St, Springfield MA 01104

Listing ID73076493

Property TypeMulti Family

Price$229,900 ($86.69/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,652 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking6

Garage Parking

Year Built1922

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 520 Armory St, Springfield MA 01104

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$24,000

Total Net Income By Broker$24,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%%

Facilitator Compensation2.5%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 520 Armory St, Springfield MA 01104

Real Estate Taxes$3,886

Tax Year2022

Assessed Value$206,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$24,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$24,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.75%

Location Information for 520 Armory St, Springfield MA 01104

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Bike Path, Public Transportation, Tennis Court(s), Private School, University

Contact Information for 520 Armory St, Springfield MA 01104

Agent

Name: Chester Ardolino

Office

Name: Berkshire Hathaway HomeServices Realty Professionals

Phone: 413-596-6711

Payment Calculator

, Interest

Property Taxes 323.83

Principal & Interest 1416.57

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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                    [id] => 7649016
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076493&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 08:11:26
                    [modified] => 2024-05-07 08:11:26
                )

)

)

EXIT