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15-17 Huntington Street

Springfield, MA 01107
  • $200,000
  • STATUS: Active
  • MLS #: 72977549
UPDATED: 21 min ago
$200,000
  • 6
    BEDS
  • 0.13
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 3,300
    SQFT
  • $61
    $/SQFT
Type:
Multi-Family
Built:
1903
County:

School Ratings & Info

Listing courtesy of Michael Andre of Gallagher Real Estate.

Description

Buyer got cold feet!Great opportunity here; two family home with lots of potential; Home is currently occupied with long term tenants on month to month leases. Rents are well below market, and the building is priced accordingly; Lots of upward potential here; Managed correctly, this one has the potential to deliver fantastic returns for a savy buyer. Property will not pass FHA in it's current condition, but all offers will be considered. Rent increases as of 9-1-2022 will be as listed ; Gross rent will be $2500 per month as of 9-1-22. Attached financials reflect previous year prior to rent increases.

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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 2023-01-28T15:05:26.853.
www.nrgrealestate.com/homes/128430689
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15-17 Huntington Street Springfield, MA 01107

  • Price: $200,000
  • Status: Active
  • On Site: Days
  • Updated: 21 min ago
  • MLS #: 72977549
6
Beds
2
Baths
0
½ Baths
0.13
Acres
3,300
SQFT
$61
$/SQFT
1903
Built
County:
Hampden
Property Description
Buyer got cold feet!Great opportunity here; two family home with lots of potential; Home is currently occupied with long term tenants on month to month leases. Rents are well below market, and the building is priced accordingly; Lots of upward potential here; Managed correctly, this one has the potential to deliver fantastic returns for a savy buyer. Property will not pass FHA in it's current condition, but all offers will be considered. Rent increases as of 9-1-2022 will be as listed ; Gross rent will be $2500 per month as of 9-1-22. Attached financials reflect previous year prior to rent increases.
Exterior Features

Construction Materials Frame Covered Spaces 0 Fencing Fenced/Enclosed Garage YN No Lot Features Level Open Parking YN Yes Parking Features On Street Parking Total 0 Patio And Porch Features Porch Roof Shingle Waterfront YN No

Interior Features

Building Area Total 3300 Fireplace YN No Fireplaces Total 0 Foundation Details Brick/MortarIrregular Heating Unit 1(Steam)Unit 2(Steam) Heating YN Yes Interior Features Unit 1 Rooms(Living RoomDining RoomKitchen)Unit 2 Rooms(Living RoomDining RoomKitchen) Lead Paint Unknown Rooms Total 12

Property Features

Buyer Agency Compensation 2 Disclosures Seller Has Never Lived in Home; Property Fully Occupied; Public Record May Have incaccuracies; Buyer's Agent Responsible For Due Dilligence. Gross Income 24900 Insurance Expense 1538 Listing Terms Contract Net Operating Income 18355 Operating Expense 6545 Property Sub Type Multi Family Rent Includes Unit 1(Water)Unit 2(HeatWater) Sewer Public Sewer Tax Annual Amount 2268 Tax Year 2021 Total Actual Rent 2500 Transaction Broker Compensation 1 Water Sewer Expense 2023 Water Source Public Year Built Details Actual Zoning R3

Listing information © 2023 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Michael Andre of Gallagher Real Estate: 413-536-7232.


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 2023-01-28T15:05:26.853.
 
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Listing courtesy of Michael Andre of Gallagher Real Estate.