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156-158 Norfolk St, Springfield MA 01109

$329,000

Estimated $865.14/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $164,500

Total Rent: 19200/year

Estimated CAP Rate: 4.63%

4 Bedrooms

2 Full Baths

2,288 SqFt

Total Parking: 0

5,236 SqFt

Exceptional Two-Family Investment Opportunity –* This rare two-family property is the perfect blend of investment security and growth potential. Located in a **high-demand area of Springfield** this property offers consistent rental income, low vacancy rates, and the potential for significant long-term appreciation. Whether you’re looking to build your portfolio or find a home with an income-producing rental unit, this property ticks all the boxes. Separate Utilities**: Each unit has its own gas and electric meters. This property won't last schedule your showing today.This property can be purchased as a portfolio with a few other Multi-families own by the same owner. ( MLS 73295697, 73295695, 73295699, 73295698)open house has been postpone until further notice.

This home has been viewed 34 times

Last Checked: November 9th, 2024 at 5:21am (Source: MLS PIN #73295694)

Gross Income: $19,200

Gross Expenses: $3,980

Net Income Calc: $15,220

CAP Rate: 4.63%

Annual Expenses for 156-158 Norfolk St, Springfield MA 01109

Total Gross Expenses (Calculated)$3,980/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,980

Annual Income & Unit Breakdown for 156-158 Norfolk St, Springfield MA 01109

Total Gross Income (Calculated)$19,200

Unit 1

Rental Income$1,600

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit0

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

General Information for 156-158 Norfolk St, Springfield MA 01109

Listing ID73295694

Property TypeMulti Family

Price$329,000 ($143.79/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,288 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking0

Garage Parking

Year Built1928

Year Built SourcePublic Records

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsNo

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 156-158 Norfolk St, Springfield MA 01109

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$19,200

Total Net Income By Broker$19,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 156-158 Norfolk St, Springfield MA 01109

Real Estate Taxes$3,980

Tax Year2024

Assessed Value$247,800

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$19,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$19,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.63%

Location Information for 156-158 Norfolk St, Springfield MA 01109

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesNo

Contact Information for 156-158 Norfolk St, Springfield MA 01109

Agent

Name: Ronald Rene

Office

Name: Vicente Realty, LLC

Phone: 508-944-3144

Payment Calculator

, Interest

Property Taxes 331.67

Principal & Interest 2027.19

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Vicente Realty, LLC

Ronald Rene

Agent Phone

Office Phone

(508) 944-3144

Text Agent Call Agent Call Office

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EXIT