15 PROPERTY ASSEMBLAGE 30 UNITS

Multi-Family for Sale
Catylist Listing ID: 30495029
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 30 Units
Building Size (RSF): 34,478 SF
Gross Building Area: See Agent
Sale Price: $2,150,000
Unit Price: $71,666.67 Per Unit
Property Use Type: Investment
Building Name: SPRINGFIELD ASSEMBLAGE
Sale Terms: Cash to Seller, Owner Financing, Other
Average Occupancy Rate: 100
Last Updated: 3/20/2020

Overview / Comments

POTENTIAL OWNER FINANCING
The owner would consider holding a first mortgage at reasonable rates (5%-6%) over 20 years for a well-qualified buyer with a reasonable down payment.

Well maintained 15 property 30 unit, 80 bedroom 34 bathroom assemblage of property in the Springfield MA area. 12-Two family, 1 Four Family and 2 SFR properties. Excellent tenants.Gross Income $310,164.00
Purchase price equals $62.35 per square foot about 1/3 of replacement cost.

Majority of properties have 3-4 bedroom units. 100% Occupied and deleaded.

This is the remaining property of an investor who has been selling/trading Multifamily for Non-Residential Commercial property within 1 hour of Springfield MA.

You can buy one, some, or all of the 15 Property 30 Unit assemblage remaining. All properties are within a couple of miles of the new MGM Casino.

They will also accept trade for these free and clear assets. Partial trade or they will add cash and trade for up to $4,000,000 in commercial asset(s).

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $38,099 (Annual)

Additional Details

Nearest MSA: Springfield
County: Hampden
Taxing Authority: Springfield
Tax ID/APN: 012350285
Zoning: RB
Percent Occupied: 100%
Property Located Between: All within 2 miles of new MGM CASINO
Highway Access: Rt 91, Rt 90 & Rt 291
Airports: BDL
Site Description: Typical City lots
Area Description: Neighborhood Residential
Total Number of Buildings: 15
Property Condition: Average
Number of Stories: 2
Parking Description: Driveway
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas, Oil
Internet Access: Cable
Zoning Description: Residential
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,793 150,480 263,730
Median Age: 29.71 34.09 36.62
Households: 11,282 55,288 99,578

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