Springfield MA Real Estate & Commercial for Sale

2 Properties Found

The median home value in Springfield, MA is $160,000. This is lower than the county median home value of $179,500. The national median home value is $185,800. The average price of homes sold in Springfield, MA is $160,000. Approximately 21.73% of Springfield homes are owned, compared to 23.69% rented, while 4.58% are vacant. Springfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Springfield real estate agent to arrange a tour today!
Learn more about Springfield Real Estate.


Sort Results:
1–2 of 2 properties displayed
Refine Property Search
Page 1 of 1    Prev | Next
Beds:
n/a
Baths:
Sq.Ft.:
29,109
Status:
NEW LISTING
MLS#:
72360360
Type:
Multi-Family
Lot size:
1.33 Acres
Courtesy: DiFranco Realty
View additional info

UNIQUE Multi Family Assemblage of 11 Properties, 39 Units.The package consists of 4 - Single Family properties, 5 - Two Family properties, 1 - Three Family property and a 22 Unit Multi Family property on 334 Boston Rd (Crown Jewell). Value = $2,093,000 Potential Income = $356,900 Vacancy & Credit Loss = ($17,000} The Gross Operating Income = $339,900 Expenses = $117,227. Expenses are 35% of GOI which seems to be below market average, but because rents are above market average Expenses are in line. Net Operating Income = $222,673 Proposed Annual Debt Service = $116,656 ($1,650,000, 5.25% Interest, 25 Year Amortization) Cash Flow Before Taxes = $104,017 Debt Coverage Ratio = 1.88. Banks like to see 1.25 DCR. CAP Rate = 10.64% Loan to Value = 78.83% Cash on Cash Return = 23.48%

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
72309025
Type:
General Commercial
Lot size:
0.33 Acres
Courtesy: RE/MAX IGNITE
View additional info

Own your building and collect rent! An amazing location for a great investment opportunity. Run your business in a visible and well-traveled street with an approximate 6,000 traffic count (APO). Many updates to the 3 buildings: new electric, plumbing and heating. A Make this a must-see for the investor or owner operator. Partial Seller financing may be an option.

Refine Property Search
Page 1 of 1    Prev | Next
1–2 of 2 properties displayed
The information in this listing was gathered from third party sources including the seller and public records. MLS Property Information Network and its subscribers disclaim any and all representations and warranties as to the accuracy of this information

How may I help you?

Get property information, schedule a showing or find an agent





captcha image

We respect your privacy