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20 Prospect St, Springfield MA 01107

$450,000

Estimated $1,153/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $150,000

Total Rent: 49200/year

Estimated CAP Rate: 9.80%

8 Bedrooms

3 Full Baths

4,110 SqFt

Total Parking: 3

5,001 SqFt

Welcome to this updated three-family home, perfect for investors or multi-generational living. Nestled in a tranquil residential area adjacent to Baystate Medical Center. This property offers both charm and functionality. With a total of 4110 square feet of living space, this home is designed to accommodate a variety of lifestyles. The home features a classic architectural style facade with a welcoming front porch. The property comes equipped with two newer Boilers with automatic water fillers, three newer hot water tanks, and 2 updated circuit breaker boxes. This property comes with handicapped access to the 1st-floor unit.

This home has been viewed 59 times

Last Checked: November 16th, 2024 at 5:19am (Source: MLS PIN #73281275)

Gross Income: $49,200

Gross Expenses: $5,080

Net Income Calc: $44,120

CAP Rate: 9.80%

Annual Expenses for 20 Prospect St, Springfield MA 01107

Total Gross Expenses (Calculated)$5,080/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,080

Annual Income & Unit Breakdown for 20 Prospect St, Springfield MA 01107

Total Gross Income (Calculated)$49,200

Unit 1

Rental Income$1,400

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,200

Lease

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 20 Prospect St, Springfield MA 01107

Listing ID73281275

Property TypeMulti Family / 3 Family

Price$450,000 ($109.49/SqFt)

Style3 Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total4,110 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking3

Garage Parking

Year Built1899

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

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 20 Prospect St, Springfield MA 01107

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$49,200

Total Net Income By Broker$49,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnCompensation Offered But Not In Mls

Financial Information for 20 Prospect St, Springfield MA 01107

Real Estate Taxes$5,080

Tax Year2024

Assessed Value$316,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$49,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$49,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.80%

Location Information for 20 Prospect St, Springfield MA 01107

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 20 Prospect St, Springfield MA 01107

Agent

Name: Maher Khatib

Office

Name: M B C REALTORS®

Phone: 413-886-0010

Team Members

Payment Calculator

, Interest

Property Taxes 423.33

Principal & Interest 2772.76

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

M B C REALTORS®

Maher Khatib

Agent Phone

Office Phone

(413) 886-0010

Text Agent Call Agent Call Office

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[last_month_required] => Array
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            [name] => M B C REALTORS®
            [phone] => 413-886-0010
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[optional_fee_includes] => Array
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[optional_price] => 0
    [outdoor_space_available] => Array
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
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[phone] => 413-262-8687
    [pool_features] => Array
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    [price_per_sqft] => 109.49
    [price_per_unit] => 150000
    [private_pool] => No
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[real_estate_tax] => $5,080
    [references_required] => Array
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[rent_includes] => Array
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
        (
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[roof_material] => Array
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[rooms] => 18
    [senior_community] => No
    [sewer] => Array
        (
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[sewer_expense] => Array
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[short_sale] => 
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    [state_code] => MA
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[street_number] => 20
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[style] => Array
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[terms] => Array
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    [total_gross_income] => 49200
    [total_parking] => 3
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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    [unit_1_lease] => Array
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[unit_1_levels] => 1
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[unit_2_bathrooms] => 1 Full
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    [unit_2_floor] => 2
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[unit_2_levels] => 1
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[unit_3_bathrooms] => 1 Full
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[unit_4_bathrooms] => 
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[unit_4_levels] => 
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[unit_level] => 
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    [unparsed] => Array
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[water_expense] => Array
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[water_views] => Array
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[water_views_features] => Array
        (
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        (
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    [zoning] => R2
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EXIT

Withdrawn

20 Prospect St, Springfield MA 01107

$450,000

Annual Expenses for 20 Prospect St, Springfield MA 01107

Annual Income & Unit Breakdown for 20 Prospect St, Springfield MA 01107

General Information for 20 Prospect St, Springfield MA 01107

Disclosures for 20 Prospect St, Springfield MA 01107

Financial Information for 20 Prospect St, Springfield MA 01107

Location Information for 20 Prospect St, Springfield MA 01107

Contact Information for 20 Prospect St, Springfield MA 01107

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

M B C REALTORS®

Maher Khatib