Investment Property for Sale

Multi-Family for Sale
Catylist Listing ID: 30144426
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,248 SF
Gross Building Area: See Agent
Gross Land Area: 4,968 SF
Sale Price: $100,000
Unit Price: $50,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.22%
Last Updated: 5/16/2018

Overview / Comments

Property was completely renovated about 5 yrs ago with new roof, furnaces, new windows, baths & kitchens, etc. Tenants pay own utilities, gas heat and electric. Both units are rented to Section 8 tenants and owner very seldom has a vacancy. There is full basement and each tenant has access to one half and each side has laundry hook-ups.
Property located in the East Springfield section of Springfield. The area is residential with commercial on the main street.

Additional Details

Nearest MSA: Springfield
County: Hampden
Tax ID/APN: 004000008
Zoning: R2
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Built: 1946
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Natural Gas
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,992 134,803 301,640
Median Age: 35.74 34.43 36.11
Households: 8,636 52,223 117,745


The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.