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30 Forest Park Ave, Springfield MA 01108

$409,000

Estimated $966/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $136,333.33

Total Rent: 41700/year

Estimated CAP Rate:

10 Bedrooms

Baths

3983

Total Parking: 3 (1 Garage)

5,828 (0.13)

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 42 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

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 Tax3635

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

Total Gross Income (Calculated)$41,700

Unit 1

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 30 Forest Park Ave, Springfield MA 01108

Listing ID73123376

Property TypeMulti Family / 3 Family

Price409000 ($102.69/SqFt)

Style3 Family

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total3983

Approximate Lot Size (Acres)0.13

Total Parking3 (1 Garage)

Garage Parking1

Year Built1903

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water Views

Water Views Features

Waterfront 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

ExclusionsStacked Washer And Dryer In Unit 2 Belong To Tenants.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Compensation Based OnNet Sale Price

Financial Information for 30 Forest Park Ave, Springfield MA 01108

Real Estate Taxes3635

Tax Year2023

Assessed Value$213,200

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 30 Forest Park Ave, Springfield MA 01108

Neighborhood(s)

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

Payment Calculator

, Interest

Property Taxes 302.92

Principal & Interest 2520.13

HOA Dues

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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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

Payment Calculator

Exclusive Listing Agent

Tremont Realty Group, LLC

Edwin Mendez