Springfield 16 Family Brick
|
Property Type:
|
Multi-Family
for Sale
Government Subsidized
|
| Building Size (RSF): |
20,400 SF
|
| Sale Price: |
$699,000 |
| Property Status: |
Existing |
| Gross Building Area (GBA): |
25,575 SF |
| Total Land Size: |
28,680 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
9.58% |
| Last Updated: |
9/5/2010 |
Springfield 16 unit multi-family located in city center close to medical facilities and Springfield Technical Community College. Large apartments, 4 - 4room 1bath 2bedrooms, 4 - 5room 1bath 3bedrooms, 8 - 6room 2baths 4 bedrooms. Membrane roof, newer gas boiler, gas hot water system, engineered steel rear porch structure, replacement windows, lead certificates and HUD Mark to Market program based subsidies are some of the features of this well maintained brick building.
|
| Nearest MSA: |
Springfield |
| County: |
Hampden |
| Tax ID Number/APN: |
11952-0199 |
| Property Use Type: |
Investment |
| Zoning: |
Business A |
| Percent Occupied: |
100% |
| Community Amenities |
Play Ground |
| Laundry: |
Shared |
| Market Type: |
Medium |
| Property Located Between: |
Union and Oak Sts |
| Side of Street: |
Northeast |
| Road Type: |
Paved |
| Transportation: |
Bus |
| Highway(s) Access: |
Interstate 91 and Interstate 291 within 1 Mile |
| Airports: |
Bradley International |
| Site Description: |
Building straddles 2 parking lots and is nicely lanscaped. |
| Total Number of Buildings: |
1 |
| Building Age: |
Recently Rehabbed |
| Property Condition: |
Excellent |
| Number of Stories: |
4 |
| Year Built: |
1906 |
| Year Renovated: |
1974 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
2 parking lots with ample space for plowed snow |
| Total Parking Spaces: |
30 |
| Heat Type: |
Hot Water |
| Heat Source: |
Central |
| Fuel: |
Gas |
| Air Conditioning: |
Window Unit |
| Internet Access: |
Cable |
| Interior Description: |
4 - 4room 1bath 2bedrooms, 4 - 5room 1bath 3bedrooms, 8 - 6room 2baths 4 bedrooms |
| Zoning Description: |
Business A |
| Lot Frontage (Feet): |
225 |
| Lot Depth: |
125 |
| Topography: |
Level |
| Land Ownership |
Fee Simple |
| Legal Description: |
Hampden Registry of Deeds, Book 3960, Page 154 |
| Real Estate Taxes - Annual($): |
$13,911 |
| Tax Value Year: |
2009 |
| Tax Value Land: |
$122,300 |
| Tax Value Improvements: |
$655,100 |
| Assessment Year: |
2009 |
| Assessed Value - Total($): |
$777,400 |
| Potential Rental Income: |
$201,168 |
| Net Operating Income: |
$66,975 |
| Gross Rent Multiplier: |
3.47 |
| Gross Operating Income: |
$201,432 |
| Income & Expense Year: |
2009 |
| Actual or Proforma Year: |
Proforma |
2000 CensusDemographic Statistics |
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
31,035 |
140,553 |
243,080 |
| Median Age: |
26 |
32 |
35 |
| Households: |
11,186 |
53,070 |
95,039 |
| Avg. Household Income: |
$28,039 |
$39,840 |
$46,343 |
| More Demographic Statistics |
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| Note: The information presented herein is provided as is, without warranty of any kind. Neither The REALTORS® Commercial Alliance of Massachusetts nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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