BEDS25
BATHS15 full 2 partial
SQUARE FEET11,250
MLS#73538738
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Exceptional investment opportunity in Springfield,MA! 683-687 State Street features 17 units, including 15 residential apartments and 2 commercial spaces. The unit mix consists of (9) one-bedroom, (2) two-bedroom, and (4) three-bedroom apartments, with all but two units updated within the past 24 months. The property currently has one vacant 3-bedroom unit and two vacant commercial spaces, creating immediate upside potential. One commercial space offers over 2,600 sq. ft. and is ideal for a laundromat, retail, office, or other business use. Ownership pays heat and hot water, while tenants pay their own electric (separately metered). Ten of the 15 residential units are subsidized, providing stable rental income.The property currently generates approximately $19,000 per month in gross rental income, with upside still available. Excellent cash flow and value-add opportunity. Don't miss out!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Lot Size: 0.17 Acres
Roof Type: Rubber
Stories: 4.0
Taxes: $14,787
Year Built: 1895
Feature Descriptions
Building Area Total: 11250
Community Features: Public Transportation, Laundromat
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Dwelling Type: 5+ Family - 5+ Units Up/Down
Exterior: Brick
Lot Features: Level
Parcel Number: S:11110 P:0516
Parking Total: 0
Patio And Porch: Porch
Rooms Total: 51
Sewer: Public Sewer
Units: 17
Water: Public
Listed By / Shown By
Listed By
Agency Name: Lock and Key Realty Inc.
Agent Name: Jessica Mekal
Agency Phone: 413-282-8080
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 5,448.62 per month $3,727.82 Principal & Interest $1,232.25 Property Tax $488.54 Homeowner's Insurance
683-687 State St | MLS# 73538738
This multi-family property located at 683-687 State St, Springfield, MA 01109 is currently listed for sale with an asking price of $1,675,000. Search Springfield real estate on www.masiellogrouprealestate.com today.