474 Liberty St

    Springfield, MA 01104
    • $410,000
    • STATUS: Under Agreement
    • MLS #: 72244137
    Pending
    UPDATED: 36 min ago
    $410,000
    • 16
      BEDS
    • 0.11
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 9,370
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1916
    County:

    School Ratings & Info

    Listing courtesy of Rehanahmed Peerzada of M B C Realtorsâ®.

    Description

    BACK ON THE MARKET AS BUYER'S FINANCING FELL THROUGH. CASH COW with excellent location and money making opportunity with this 8 family, projected gross annual income of $ 80,000 per year. Property is located less than 2 miles from recently opened grand MGM Casino. Beautiful brick building, 1 unit is vacant and will be rented soon. All units in decent shape with lots of updates with rent increase opportunity for 2 other units. Tenants pay their own gas and electric utilities. One new water heater owned by seller. Federal Pacific panels REPLACED with new electrical panels for ALL units and owners. Huge basement available for storage. Conveniently located from shopping complexes, I-291, 1-91, Mass Pike (I-90), public elementary and high school, railway and bus station, laundromat, convenience stores, YMCA, Post Office etc. Property is equipped with emergency lighting in front hallway and back porch, intercom system connected to individual unit for verbal communication.

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    The property listing data and information 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 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 set forth herein. Data last updated 2019-02-15T20:47:50.103.
    www.applecountryteam.com/homes/77814424

    474 Liberty St Springfield, MA 01104

    • Price: $410,000
    • Status: Under Agreement
    • Updated: 36 min ago
    • MLS #: 72244137
    16
    Beds
    8
    Baths
    0
    ½ Baths
    0.11
    Acres
    9,370
    SQFT
    $0
    $/SQFT
    1916
    Built
    Neighborhood:
    Liberty Heights
    County:
    Hampden
    Area:
    Liberty Heights
    Property Description
    BACK ON THE MARKET AS BUYER'S FINANCING FELL THROUGH. CASH COW with excellent location and money making opportunity with this 8 family, projected gross annual income of $ 80,000 per year. Property is located less than 2 miles from recently opened grand MGM Casino. Beautiful brick building, 1 unit is vacant and will be rented soon. All units in decent shape with lots of updates with rent increase opportunity for 2 other units. Tenants pay their own gas and electric utilities. One new water heater owned by seller. Federal Pacific panels REPLACED with new electrical panels for ALL units and owners. Huge basement available for storage. Conveniently located from shopping complexes, I-291, 1-91, Mass Pike (I-90), public elementary and high school, railway and bus station, laundromat, convenience stores, YMCA, Post Office etc. Property is equipped with emergency lighting in front hallway and back porch, intercom system connected to individual unit for verbal communication.
    Exterior Features

    Beachfront No Exterior Wood Foundation Brick Garage Spaces 0 Lot Description Shared DriveFenced/Enclosed Parking Spaces 0 Road Type PublicPaved Waterfront Flag No Waterview Flag No

    Interior Features

    Basement Yes Basement Features FullWalk OutInterior AccessUnfinished Basement Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Energy Features Prog. Thermostat Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring WoodTileVinyl Floors Unit1 4 Floors Unit2 2 Floors Unit3 3 Floors Unit4 3 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Hot Water Natural GasTankLeased Heater Levels 4 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 4 Rooms 25 Rooms Unit1 5 Rooms Unit2 5 Rooms Unit3 5 Rooms Unit4 5

    Property Features

    Adult Community No Amenities Public TransportationShoppingParkMedical FacilityLaundromatHighway AccessHouse Of Worship Apod Available Yes Assessments 313800.00 Disclosure Yes Disclosures Listing Agent is Part Owner. Certified Funds Only For Deposit With The Offer. Seller Has Old Lead Compliance CertificateBut On Recent inspectionas Per New RegulationSome More Work Has To Be Done in Units And Common Areas To Get New Lead Certificates. Electric Features Individually Metered Exclusions 6 Water Heaters Are Rented From Columbia Gas Home Solutions. Expenses Year End 12/17 Gross Operating Income 73722 Lead Paint YesCertified Treated Lease Unit1 Y Lease Unit2 N Lease Unit3 N Lease Unit4 N Lender Owned No Multifamily Type 5-9 Family Net Operating Income 58094 Rent Unit1 825 Rent Unit2 800 Rent Unit3 800 Rent Unit4 800 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2017 Taxes 6169.00 UFFI Unknown Utility Connections For Gas RangeFor Gas Oven Water City/Town Water Year Built Description Actual Year Built Source Public Record Zoning R3

    Listing information © 2019 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Rehanahmed Peerzada of M B C Realtorsâ®.


    The property listing data and information 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 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 set forth herein. Data last updated 2019-02-15T20:47:50.103.
     
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    Listing courtesy of Rehanahmed Peerzada of M B C Realtorsâ®.