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55-59 Margaret St, Springfield MA 01105

$448,000

Estimated $1,268.43/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $112,000

Total Rent: 27600/year

Estimated CAP Rate: 4.71%

11 Bedrooms

4 Full Baths

4,500 SqFt

Total Parking: 0

4,025 SqFt

Fantastic opportunity to own a 4 Unit building with 11 BR, lots of income potential! Two occupied units with good paying tenants. Two empty units to occupy, update, or rehab as you'd like. All units have separate utilities. Open to various offer and structure types.

This home has been viewed 36 times

Last Checked: January 9th, 2025 at 5:19am (Source: MLS PIN #73302353)

Gross Income: $27,600

Gross Expenses: $6,504

Net Income Calc: $21,096

CAP Rate: 4.71%

Annual Expenses for 55-59 Margaret St, Springfield MA 01105

Total Gross Expenses (Calculated)$6,504/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,504

Annual Income & Unit Breakdown for 55-59 Margaret St, Springfield MA 01105

Total Gross Income (Calculated)$27,600

Unit 1

Rental Income$1,150

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,150

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 55-59 Margaret St, Springfield MA 01105

Listing ID73302353

Property TypeMulti Family / 4 Family

Price$448,000 ($99.56/SqFt)

Style4 Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total4,500 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking0

Garage Parking

Year Built1877

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningR3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 55-59 Margaret St, Springfield MA 01105

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$27,600

Total Net Income By Broker$27,600

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 55-59 Margaret St, Springfield MA 01105

Real Estate Taxes$6,504

Tax Year2024

Assessed Value$405,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$27,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$27,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.71%

Location Information for 55-59 Margaret St, Springfield MA 01105

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Public Transportation

Contact Information for 55-59 Margaret St, Springfield MA 01105

Agent

Name: Louis Poulin

Office

Name: Stuart St James, Inc.

Phone: 617-819-5850

Payment Calculator

, Interest

Property Taxes 542

Principal & Interest 2760.43

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Stuart St James, Inc.

Louis Poulin

Agent Phone

Office Phone

(617) 819-5850

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

Closed

55-59 Margaret St, Springfield MA 01105

$448,000

Annual Expenses for 55-59 Margaret St, Springfield MA 01105

Annual Income & Unit Breakdown for 55-59 Margaret St, Springfield MA 01105

General Information for 55-59 Margaret St, Springfield MA 01105

Disclosures for 55-59 Margaret St, Springfield MA 01105

Financial Information for 55-59 Margaret St, Springfield MA 01105

Location Information for 55-59 Margaret St, Springfield MA 01105

Contact Information for 55-59 Margaret St, Springfield MA 01105

Agent

Office

Payment Calculator

Exclusive Listing Agent

Stuart St James, Inc.

Louis Poulin