Catylist ID: #30495029
SPRINGFIELD 16 PROPERTY ASSEMBLAGE 33 UNITS
Multi-Family for Sale
|Catylist Listing ID:||30495029|
|Property Subtypes:||Duplex/Fourplex, Other|
|Number of Units:||33 Units|
|Building Size (RSF):||37,530 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$65,000 Per Unit|
|Property Use Type:||Investment|
|Average Occupancy Rate:||100|
Overview / Comments
Well maintained 16 property 33 unit assemblage of 10-Two family, 1 Four Family and 2 SFR properties. Excellent tenants. Net Operating Income is $214,500 allowing for a 10% CAP Rate. Gross Income $337,164.
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 16 Property 33 Unit assemblage remaining. All properties are within a couple of miles of the new MGM Casino.
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.
They will also accept trade for these free and clear assets. Partial trade or they will add cash and trade for up to $4,000,000 in commercial asset(s).
Attachments & Media
|Finance Data Year||2019|
|Real Estate Taxes - Annual($)||$38,099 (Annual)|
|Property Located Between:||All within 2 miles of new MGM CASINO|
|Highway Access:||Rt 91, Rt 90 & Rt 291|
|Site Description:||Typical lots|
|Area Description:||Inner City Residential|
|Total Number of Buildings:||16|
|Number of Stories:||3|
|Heat Type:||Natural Gas, Oil|
|Proximity:||1 mile||3 miles||5 miles|
Mark C DiFrancoDiFranco Realty Inc. NECPE Member
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