$296,000
●
Multifamily -
Off Market
423-425 Eastern Avenue
Springfield, MA 01109
6 Beds
2 Baths
2,430 Ft²
$300,403
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
A rare find... Investors or first time buyers take notice!!! Great
opportunity to own this hard to find brick 2 unit property.
Featuring 5 rooms and 3 bedrooms per unit with lots of hardwood
floors. Freshly painted vacant second floor unit ready for
immediate occupancy. New carpets in 2 of the second floor bedrooms
and hallway. Newer roof, furnaces and first floor hot water heater.
Replacement windows, laundry area in basement, fenced back yard
with the convenience of off street parking. Schedule your private
viewing before is too late.
Unit Size
2,430 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$123
Property Type
Multifamily
Property Taxes
$257
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 years ago (MLSPIN #73104823)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 16, 2023 | Sold | ||
| Sold | |||
| May 20, 2023 | In contract | - | |
| In contract | |||
| May 17, 2023 | Relisted | $299,900 | |
| Relisted | |||
| May 3, 2023 | In contract | - | |
| In contract | |||
| Apr 28, 2023 | Listed by Berkshire Hathaway HomeServices Realty Professionals | $299,900 | |
| Listed by Berkshire Hathaway HomeServices Realty Professionals | |||
Property Highlights
Parking Available
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 1(None), Unit 2(None), Gas Water Heater, Tank Water Heater
Flooring Type: Tile, Vinyl, Varies Per Unit, Laminate, Hardwood
Rooms: 10
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Zoning: R2
Parcel Number: 2582680
Water Source: Public
Financial Details
Tax Assessed Value: $181,100
Tax Annual Amount: $3,088
Utilities Details
Cooling Type: Unit 1(None), Unit 2(None)
Heating Type: Unit 1(Forced Air, Gas), Unit 2(Forced Air, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Laundromat, Public School, University
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/28/2023
| |
6 Bed
|
2 Bath
|
2430 ft²
|
$299,900
6 Bed
2 Bath
2430 ft²
|
$296,000
-1.30%
06/16/2023
|
Jose Rodriguez
Berkshire Hathaway HomeServices Realty Professionals
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017