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Expired

161 New Bridge St, West Springfield MA 01089

$279,999

Estimated $717.02/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $139,999.50

Total Rent: 0/year

Estimated CAP Rate: -1.13%

7 Bedrooms

2 Full Baths

2,282 SqFt

Total Parking: 3 (1 Garage)

5,000 SqFt

Perfect for owner occupied buyer, centrally located and close to everything. Two family house being renovated to 4 beds and 3 beds with rents for $1800 and $1500 respectively with plan approved by the city. All new plumbing and electrical roughs are done and all are ready for finishing. Owner lives in Boston and wants to transfer all investments there. More than $110K repairs spent already including 2 new dormers to make legal bedrooms this property just needs the final touches! ARV is around $340K based on comparable. Will need hard money lender or rehab loans and sold as is. This is better than buying old existing ready-to-move-in property and won't last.

This home has been viewed 25 times

Last Checked: May 7th, 2024 at 8:31am (Source: MLS PIN #73114630)

Gross Income: $0

Gross Expenses: $3,156

Net Income Calc: $3,156

CAP Rate: -1.13%

Annual Expenses for 161 New Bridge St, West Springfield MA 01089

Total Gross Expenses (Calculated)$3,156/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,156

Annual Income & Unit Breakdown for 161 New Bridge St, West Springfield MA 01089

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 161 New Bridge St, West Springfield MA 01089

Listing ID73114630

Property TypeMulti Family

Price$279,999 ($122.7/SqFt)

StyleMulti Family

CityWest Springfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,282 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking3 (1 Garage)

Garage Parking1 / Detached

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

Zoning0

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 161 New Bridge St, West Springfield MA 01089

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$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 161 New Bridge St, West Springfield MA 01089

Real Estate Taxes$3,156

Tax Year2023

Assessed Value$203,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.13%

Location Information for 161 New Bridge St, West Springfield MA 01089

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 161 New Bridge St, West Springfield MA 01089

Agent

Name: Pablo Ottenwalder

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Team Members

Payment Calculator

, Interest

Property Taxes 263

Principal & Interest 1725.26

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

Pablo Ottenwalder

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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EXIT