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Closed

30 Forest Park Ave, Springfield MA 01108

$409,000

Estimated $966.11/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $136,333.33

Total Rent: 41700/year

Estimated CAP Rate: 9.31%

10 Bedrooms

3 Full Baths

3,983 SqFt

Total Parking: 3 (1 Garage)

5,828 SqFt

The numbers just make sense. This is a great property with so much potential. This is a legal 3 family in Forest Park! 5 minutes to highway, 5 minutes to Forest Park, 5 minutes to Casino. In the last 3 years owner has invested almost $25,000 in preparing this beautiful property for you. Unit 1 had every wall repaired including closets, installed wall-to-wall carpeting in every room except kitchen, freshly painted the whole unit including ceilings, replaced water heater and replaced kitchen cabinet. Unit 2 has BRAND NEW gas furnace, water heater will be replaced prior to closing and was completely painted in the last 3 months. Both Unit 1 & 2 recently passed housing inspection. Unit 3 has long term tenant and rent is under market value. Price is firm. Do not miss the opportunity. More photos coming!

This home has been viewed 30 times

Last Checked: May 7th, 2024 at 9:11am (Source: MLS PIN #73123376)

Gross Income: $41,700

Gross Expenses: $3,635

Net Income Calc: $38,065

CAP Rate: 9.31%

Annual Expenses for 30 Forest Park Ave, Springfield MA 01108

Total Gross Expenses (Calculated)$3,635/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,635

Annual Income & Unit Breakdown for 30 Forest Park Ave, Springfield MA 01108

Total Gross Income (Calculated)$41,700

Unit 1

Rental Income$1,625

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,850

LeaseY

Bedrooms4

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

General Information for 30 Forest Park Ave, Springfield MA 01108

Listing ID73123376

Property TypeMulti Family / 3 Family

Price$409,000 ($102.69/SqFt)

Style3 Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total3,983 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking3 (1 Garage)

Garage Parking1 / Detached

Year Built1903

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 30 Forest Park Ave, Springfield MA 01108

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$53,400

Total Net Income By Broker$53,400

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 30 Forest Park Ave, Springfield MA 01108

Real Estate Taxes$3,635

Tax Year2023

Assessed Value$213,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$53,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$53,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.31%

Location Information for 30 Forest Park Ave, Springfield MA 01108

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 30 Forest Park Ave, Springfield MA 01108

Agent

Name: Edwin Mendez

Office

Name: Tremont Realty Group, LLC

Phone: 781-780-5730

Team Members

Payment Calculator

, Interest

Property Taxes 302.92

Principal & Interest 2520.13

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Tremont Realty Group, LLC

Edwin Mendez

Agent Phone

Office Phone

(781) 780-5730

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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EXIT

Closed

30 Forest Park Ave, Springfield MA 01108

$409,000

Annual Expenses for 30 Forest Park Ave, Springfield MA 01108

Annual Income & Unit Breakdown for 30 Forest Park Ave, Springfield MA 01108

General Information for 30 Forest Park Ave, Springfield MA 01108

Disclosures for 30 Forest Park Ave, Springfield MA 01108

Financial Information for 30 Forest Park Ave, Springfield MA 01108

Location Information for 30 Forest Park Ave, Springfield MA 01108

Contact Information for 30 Forest Park Ave, Springfield MA 01108

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Tremont Realty Group, LLC

Edwin Mendez