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102-106 Belmont Ave Springfield, MA 01108
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Key Details
Sold Price $1,850,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 73214028
Sold Date 05/23/24
HOA Y/N false
Year Built 1924
Annual Tax Amount $24,467
Tax Year 2023
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Don't miss this exceptional 20-unit investment opportunity exclusively offered by The Lisa Cozzi Team! Each unit features a comfortable 2-bedroom, 1-bathroom layout. This property offers the security of a Project-Based Investment through Wayfinders, with a waitlist demonstrating strong tenant demand. The program boasts a 25-year history of annual renewals and provides consistent rent increases of 4% each year. Constructed of sturdy brick, the building features semi-private entrances and a recently replaced roof (4 years old). For added peace of mind, 19 out of 20 units have lead certificates. Notably, one tenant has enjoyed their unit for over 25 years, highlighting the stability of the property.
Location
State MA
County Hampden
Zoning R3
Direction GPS Friendly
Exterior
Utilities Available Public Water, Public Sewer
Total Parking Spaces 20
Others
Senior Community false
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Bought with Madeline Ceruti • Berkshire Hathaway Home Service New England Properties
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