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59-61 Scott St

Springfield, MA 01108
  • $425,000
  • STATUS: Active
  • MLS #: 73038388
UPDATED: 68 min ago
$425,000
  • 8
    BEDS
  • 0.12
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,620
    SQFT
  • $117
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:
Area:

School Ratings & Info

Listing courtesy of James Wyllie of Benton Real Estate Company.

Description

Been looking for the perfect 4 family investment opportunity? Than look no further! Roof, siding, windows, heating systems & hot water tanks all replaced in 2011. There are 4 separate gas heating systems, 4 gas hot water tanks & 4 electrical panels. 4 separate laundry hookups in the basement as well (tenant owned washers & dryers). Hardwood & tile flooring throughout the property as well. All units are in good shape & have separate utilities that are paid for by the tenants. All tenants are long term tenants, month to month (no leases) & have been there at least 3 yrs. All tenants have paid on time, no one is behind with their rent. With nearly $3500k in monthly rents (and the opportunity to increase rents to market rate beyond that) this home will be a cash flow immediately either for an investor or owner occupied buyer, although all tenants will remain at the time of the closing. 2 units are Section 8 (those 2 have security deposits, the other 2 do not). Great investment opportunity!

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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 2022-10-03T22:04:32.703.
www.nrgrealestate.com/homes/133226593
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59-61 Scott St Springfield, MA 01108

  • Price: $425,000
  • Status: Active
  • On Site: Days
  • Updated: 68 min ago
  • MLS #: 73038388
8
Beds
4
Baths
0
½ Baths
0.12
Acres
3,620
SQFT
$117
$/SQFT
1922
Built
Neighborhood:
Other
County:
Hampden
Area:
Other
Property Description
Been looking for the perfect 4 family investment opportunity? Than look no further! Roof, siding, windows, heating systems & hot water tanks all replaced in 2011. There are 4 separate gas heating systems, 4 gas hot water tanks & 4 electrical panels. 4 separate laundry hookups in the basement as well (tenant owned washers & dryers). Hardwood & tile flooring throughout the property as well. All units are in good shape & have separate utilities that are paid for by the tenants. All tenants are long term tenants, month to month (no leases) & have been there at least 3 yrs. All tenants have paid on time, no one is behind with their rent. With nearly $3500k in monthly rents (and the opportunity to increase rents to market rate beyond that) this home will be a cash flow immediately either for an investor or owner occupied buyer, although all tenants will remain at the time of the closing. 2 units are Section 8 (those 2 have security deposits, the other 2 do not). Great investment opportunity!
Exterior Features

Construction Materials Frame Covered Spaces 0 Garage YN No Lot Features Corner Lot Parking Total 0 Patio And Porch Features Porch Road Frontage Type Public Roof Shingle Waterfront YN No

Interior Features

Appliances Unit 1(Range)Unit 2(Range)Unit 3(Range)Unit 4(Range)Utility Connections For Gas RangeUtility Connections For Electric RangeUtility Connections For Electric Dryer Basement FullConcrete Building Area Total 3620 Cooling Unit 1(None)Unit 2(None)Unit 4(None) Cooling Units 0 Cooling YN No Cooling Zones 0 Fireplace YN No Fireplaces Total 0 Flooring WoodTileUnit 1(Undefined)Unit 2(Hardwood Floors)Unit 3(Hardwood Floors)Unit 4(Hardwood Floors) Foundation Area 0 Foundation Details Block Heat Units 4 Heat Zones 4 Heating Unit 1(Forced AirGas)Unit 2(Forced AirGas)Unit 4(Forced AirGas) Heating YN Yes Interior Features Unit 1(Ceiling Fans)Unit 2(Ceiling Fans)Unit 3(Ceiling Fans)Unit 4(Ceiling Fans)Unit 1 Rooms(Living RoomDining RoomKitchen)Unit 2 Rooms(Living RoomDining RoomKitchen)Unit 3 Rooms(Living RoomDining Room)Unit 4 Rooms(Living RoomDining RoomKitchen) Laundry Features Laundry RoomWasher HookupDryer Hookup Lead Paint Unknown Rooms Total 20

Property Features

Buyer Agency Compensation 2 Community Features Public TransportationShoppingParkGolfMedical FacilityLaundromatHighway AccessPublic School Disclosures All Tenants To Remain. All 4 Stoves Belong To The Seller. All RefrigeratorsWashers And Dryers Belong To The Tenants. 3 Tenants Have A Cat Or 2One Has A Small Dog. No Big Dogs Were Allowed. Electric Circuit Breakers Gross Income 40800 Insurance Expense 2400 Net Operating Income 40800 Operating Expense 6400 Property Sub Type 4 Family Rent Includes Unit 1(Water)Unit 2(Water)Unit 3(Water)Unit 4(Water) Sewer Public Sewer Tax Annual Amount 4410 Tax Year 2022 Total Actual Rent 3400 Transaction Broker Compensation 1 Utilities For Gas RangeFor Electric RangeFor Electric DryerWasher Hookup Water Sewer Expense 2400 Water Source Public Year Built Details Approximate Zoning R2

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of James Wyllie of Benton Real Estate Company: 413-786-3372.


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 2022-10-03T22:04:32.703.
 
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813 Williams Street, Suite 211
Longmeadow MA, 01106
Listing courtesy of James Wyllie of Benton Real Estate Company.