Connect

Find us on...

Dashboard

Login using...

20 Various #36, Springfield, MA – $2,300,000

  • $2.3M Price
  • 39,873 Sqft
  • 3.43 Acres
  • $2.3M Price
  • 39,873 Sqft
  • 3.43 Acres

20 Various #36

RARE BRASS RING, Assemblage of Multi Family Investment Property with one entrepreneur. Consisting of 20 Locations and 36 Total Units, 7-SFR, 12-Two Family, 3-Three Family & 1-Four-Family. 100% Occupied & deleaded all within a few mile radius of MGM Casino & each other. Gross Operating Income=$381,300, Expenses=$151,521, Net Operating Income=$229,779, Projected Annual Debt Service=$129,432, Cash Flow Before Taxes=$100,374, Debt Coverage Ratio=1.78, CAP Rate=10%, Cash on Cash Return=20.07%. Seller's goal is to own non-residential commercial real estate and would consider accepting trade for all or part of this residential property assemblage. Realtor.com Estimated Value $2,360,160. City Assessed Value $2,274,800. What this indicates is purchasing this package a 10% CAP Rate leaves meat on the bone. *$63,889 per unit average is a steal on the 7 Single Families.

Essential Information

  • MLS® #72361206
  • Price$2,300,000
  • Square Footage39,873
  • Acres3.43
  • TypeCommercial / Industrial
  • Sub-Type5+ Residential
  • StatusActive

Community Information

  • Address20 Various #36
  • CitySpringfield
  • CountyHampden
  • StateMA
  • Zip Code01108

Amenities

  • Parking Spaces100

Parking

Attached, 21+ Spaces, Paved Driveway, 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.