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$210,000
● Multifamily - Off Market

74 David

Springfield, MA
bedrooms
6 Beds
bathrooms
2 Baths
square feet
2,606 Ft²
$187,434
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

OPEN HOUSE this SATURDAY   (April 2nd) from 11:30 to 1:00..... Wonderful opportunity to own this multi family in a great location near the Chicopee line on a lovely street of mostly single family homes .... offering over 2600sf of spacious  living with (3) bedrooms in each unit, wood floors, enclosed porches on each unit, vinyl siding, vinyl replacement windows, and security system.  Exterior offers an oversized detached garage (as is) and good sized fenced back yard ...... all right down the street from VanHorn Park.
Unit Size
2,606 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$71
Property Type
Multifamily
Property Taxes
$400
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 years ago (MLSPIN #72958282)

Price History

Date / Event Date Event Price
Apr 27, 2022 Sold
Premium
Sold
Mar 28, 2022 Listed by Park Square Realty $184,900
Listed by Park Square Realty

Property Highlights

Parking Details
Has Garage
Parking Features: Paved Drive, Shared Driveway
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Ceiling Fans, Pantry), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks))
Appliances: Unit 1(Range), Unit 2(Range, Refrigerator), Gas Water Heater
Flooring Type: Wood, Vinyl, Carpet, Wood Flooring, Unit 1(undefined), Unit 2(Wood Flooring)
Rooms: 12
Exterior Details
Security Features: Unit 1 Security System
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Screened
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R1
Parcel Number: 2580496
Water Source: Public
Financial Details
Tax Assessed Value: $254,100
Tax Annual Amount: $4,802
Utilities Details
Heating Type: Oil, Unit 1(Oil), Unit 2(Oil)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72958282
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