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Closed

107 College St, Springfield MA 01109

$549,900

Estimated $1,456.16/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $91,650

Total Rent: 31800/year

Estimated CAP Rate: 2.78%

9 Bedrooms

6 Full Baths

4,848 SqFt

Total Parking: 10

10,001 SqFt

Attention Investors. Take advantage of this six-unit property and start collecting rent immediately.!!! This 6 unit has 3 two-bedroom units and 3 studios. Separate utilities. Lead compliance letters. Updates include electric service The whole building has replacement windows. The two-bedroom units have gas-forced hot air heat and the studios have electric heat. All the hot water, heat, and electricity are paid for by the tenants. There is also a Vacant lot to the left is included. It can be used for parking in the future or you can make an addition. schedule your appointment today

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 8:21am (Source: MLS PIN #73091852)

Gross Income: $31,800

Gross Expenses: $16,524

Net Income Calc: $15,276

CAP Rate: 2.78%

Annual Expenses for 107 College St, Springfield MA 01109

Total Gross Expenses (Calculated)$16,524/year

APOD AvailableYes

Heating

Electricity$600

Water$3,400

Gas$3,400

Insurance$4,500

Sewer$3,400

Trash Removal$1,250

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,774

Annual Income & Unit Breakdown for 107 College St, Springfield MA 01109

Total Gross Income (Calculated)$31,800

Unit 1

Rental Income$950

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$900

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$800

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 107 College St, Springfield MA 01109

Listing ID73091852

Property TypeMulti Family / 5+ Family

Price$549,900 ($113.43/SqFt)

Style5-9 Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total4,848 SqFt

Approximate Lot Size (Acres)0.23 acres

Total Parking10

Garage Parking

Year Built1915

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 107 College St, Springfield MA 01109

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$9,750

Total Gross Income By Broker$65,400

Total Net Income By Broker$31,650

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 107 College St, Springfield MA 01109

Real Estate Taxes$6,774

Tax Year2023

Assessed Value$397,300

Financial Data Source

Total Gross Expenses By Broker$9,750

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$65,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$31,650

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.78%

Location Information for 107 College St, Springfield MA 01109

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 107 College St, Springfield MA 01109

Agent

Name: Fallah Razzak

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Payment Calculator

, Interest

Property Taxes 564.5

Principal & Interest 3388.31

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

Fallah Razzak

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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EXIT

Closed

107 College St, Springfield MA 01109

$549,900

Annual Expenses for 107 College St, Springfield MA 01109

Annual Income & Unit Breakdown for 107 College St, Springfield MA 01109

General Information for 107 College St, Springfield MA 01109

Disclosures for 107 College St, Springfield MA 01109

Financial Information for 107 College St, Springfield MA 01109

Location Information for 107 College St, Springfield MA 01109

Contact Information for 107 College St, Springfield MA 01109

Agent

Office

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Exclusive Listing Agent

Lock and Key Realty Inc.

Fallah Razzak