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: 11/15/2017

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

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