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447-451 State St. Springfield, MA 01105
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Key Details
Sold Price $235,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,143 sqft
Price per Sqft $32
MLS Listing ID 72555674
Sold Date 02/27/20
Bedrooms 8
Full Baths 4
Half Baths 2
Year Built 1900
Annual Tax Amount $4,797
Tax Year 2019
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Huge Price Drop!! Potential to earn $5,800+ monthly rental income! Undervalued 6 unit building consisting of 2 retail storefronts and 4 residential units under $250K! Steady long-term rental income from 2 storefront units leased until 6/2025 by pizza store at current monthly rent of $2,400 w/ annual rent increases. Pizza store has additional 5-year renewal option (from 6/2025 – 6/2030) at monthly rent from $2,700 - $2,900. Custom renovate the 4 apartments and earn almost $6K per month of rental income making this undervalued building a cash cow!
Location
State MA
County Hampden
Zoning B1
Direction Near MGM Casino. Across from Springfield Technical Community College on State St.
Exterior
Total Parking Spaces 4
Garage No
Building
Lot Description Level
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Read Less
Bought with Anthony La Penna • Agnelli Real Estate, LLC
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