BEDS4
BATHS2 full
SQUARE FEET5,327
MLS#73529221
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Prime Mixed-Use Investment Opportunity! 704-708 Sumner Ave offers a unique opportunity to own a mixed-use property with both commercial and residentialincome potential. The street-level commercial space features excellent frontage, prominent signage, multiple offices, reception and waiting areas, making it idealfor professional, medical, retail, or service-based businesses. Above, residential apartments provide additional income and long-term investment value. Theproperty offers off-street parking, separate utilities, multiple electrical panels, 15 year old roof and a flexible layout suited for owner-occupants and investors alike.Earning $4,700 per month rental income, there is room to increase rents to market rent. Its classic brick exterior provides timeless curb appeal while its high-trafficlocation ensures outstanding visibility. Conveniently located near Forest Park, MGM Springfield, downtown Springfield, & major highways including I-91 & the MATurnpike.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $6,478
Year Built: 1920
Amenities
Living Room
Kitchen
Feature Descriptions
Building Area Total: 5327
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: 2 Family - Rooming House
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: 2607702
Parking Features: Paved Drive
Parking Total: 3
Rooms Total: 8
Sewer: Public Sewer
Units: 2
Water: Public
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agent Name: Maxwell Castrogiovanni
Agency Phone: 888-854-7493
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 1,798.20 per month $1,112.56 Principal & Interest $539.83 Property Tax $145.80 Homeowner's Insurance
704-708 Sumner Avenue | MLS# 73529221
This multi-family property located at 704-708 Sumner Avenue, Springfield, MA 01108 is currently listed for sale with an asking price of $499,900. Search Springfield real estate on www.masiellogrouprealestate.com today.