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Expired

50 Stevens St, Springfield MA 01104

$840,000

Estimated $1,775/month Calculator

Multi Family

Total Units: 10

Price Per Unit: $84,000

Total Rent: 21480/year

Estimated CAP Rate:

0 Bedrooms

Baths

2950

Total Parking: 16

11,744 (0.27)

10 studio apartments. Brick and block construction with rubber roof. Vinyl replacement windows. Off-street parking. Landlord pays all utilities, including electric baseboard heat & electric HW. In place PRI = $101,940. In place NOI = $56,182. Proforma PRI = $111,000. Proforma NOI = $64,100. Additional upside potential to separately meter electricity. The property is located directly across Stevens Street from CRRC MA’s North American manufacturing facility, which is a 204,000 SF rail car facility. CRRC MA is underway with manufacturing 404 next generation subway cars for The Massachusetts Bay Transportation System (MBTA). All production vehicles will be assembled and tested in the CRRC MA Rail Car Assembly Facility. The manufacturing facility in Springfield employs 179 employees, including 122 union production employees.

This home has been viewed 42 times

Last Checked: May 8th, 2024 at 1:36am (Source: MLS PIN #73192222)

Gross Income: $21,480

Gross Expenses: $40,661

Net Income Calc: $19,181

Water Views

Annual Expenses for 50 Stevens St, Springfield MA 01104

Total Gross Expenses (Calculated)$40,661/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4950

Annual Income & Unit Breakdown for 50 Stevens St, Springfield MA 01104

Total Gross Income (Calculated)$21,480

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

Lease

Bathrooms

Rent IncludesHeat

Unit 4

Rental Income$0

Lease

Bathrooms

Rent IncludesHeat

General Information for 50 Stevens St, Springfield MA 01104

Listing ID73192222

Property TypeMulti Family

Price840000 ($284.75/SqFt)

Style5+ Family - 5+ Units Side By Side

CitySpringfield

CountyHampden

MLS AreaEast Springfield

Neighborhood(s)

Approximate Living Area Total2950

Approximate Lot Size (Acres)0.27

Total Parking16

Garage Parking0

Year Built1927

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB1

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 50 Stevens St, Springfield MA 01104

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsWasher/Dryer Negotiable

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.5

Facilitator Compensation1.5

Compensation Based OnNet Sale Price

Financial Information for 50 Stevens St, Springfield MA 01104

Real Estate Taxes4950

Tax Year2023

Assessed Value$290,300

Financial Data SourceEstimated

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 50 Stevens St, Springfield MA 01104

Neighborhood(s)

MLS AreaEast Springfield

Area AmenitiesWalk/jog Trails

Contact Information for 50 Stevens St, Springfield MA 01104

Agent

Name: Tim Thompson

Office

Name: Timothy Thompson

Phone: 413-210-9383

Payment Calculator

, Interest

Property Taxes 412.5

Principal & Interest 5175.81

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Timothy Thompson

Tim Thompson

Agent Phone

Office Phone

(413) 210-9383

Text Agent Call Agent Call Office

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EXIT

6 More Photos

Expired

50 Stevens St, Springfield MA 01104

$840,000

Annual Expenses for 50 Stevens St, Springfield MA 01104

Annual Income & Unit Breakdown for 50 Stevens St, Springfield MA 01104

General Information for 50 Stevens St, Springfield MA 01104

Disclosures for 50 Stevens St, Springfield MA 01104

Financial Information for 50 Stevens St, Springfield MA 01104

Location Information for 50 Stevens St, Springfield MA 01104

Contact Information for 50 Stevens St, Springfield MA 01104

Agent

Office

Payment Calculator

Exclusive Listing Agent

Timothy Thompson

Tim Thompson