Connect

Find us on...

Dashboard

Login using...

1 Various #39, Springfield, MA – $2,093,000

  • $2.1M Price
  • 29,109 Sqft
  • 1.33 Acres
  • $2.1M Price
  • 29,109 Sqft
  • 1.33 Acres

1 Various #39

UNIQUE Multi Family Assemblage of 11 Properties, 39 Units.The package consists of 4 - Single Family properties, 5 - Two Family properties, 1 - Three Family property and a 22 Unit Multi Family property on 334 Boston Rd (Crown Jewell). Value = $2,093,000 Potential Income = $356,900 Vacancy & Credit Loss = ($17,000} The Gross Operating Income = $339,900 Expenses = $117,227. Expenses are 35% of GOI which seems to be below market average, but because rents are above market average Expenses are in line. Net Operating Income = $222,673 Proposed Annual Debt Service = $116,656 ($1,650,000, 5.25% Interest, 25 Year Amortization) Cash Flow Before Taxes = $104,017 Debt Coverage Ratio = 1.88. Banks like to see 1.25 DCR. CAP Rate = 10.64% Loan to Value = 78.83% Cash on Cash Return = 23.48%

Essential Information

  • MLS® #72360360
  • Price$2,093,000
  • Square Footage29,109
  • Acres1.33
  • TypeCommercial / Industrial
  • Sub-Type5+ Residential
  • StatusActive

Community Information

  • Address1 Various #39
  • CitySpringfield
  • CountyHampden
  • StateMA
  • Zip Code01109-1210

Amenities

  • Parking Spaces60

Parking

Attached, Open, 21+ Spaces, On Site

Listing Details

  • AgentMark Difranco
  • OfficeDiFranco Realty
Please provide a valid email address.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.