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    76 Bay Street

    Springfield, MA 01109
    • $960,000
    • STATUS: Active
    • MLS #: 72868257
    New
    UPDATED: 38 min ago
    $960,000
    • 28
      BEDS
    • 0.46
      ACRES
    • 10
      BATHS
    • 0
      1/2 BATHS
    • 12,948
      SQFT
    • $74
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Listing courtesy of James Morrissey Jr. of Torrey & Associates R. E..

    Description

    Property being offered as a 2 property package (76 Bay Street and 72 Bay Street) for $960,000. Or property can be purchased as 3 property package with 20 Florida Street for 1.2M (see MLS 72805036). 76 Bay Street is a 4 story, 8 unit building. Current monthly gross income is $10,994. 72 Bay Street is a 8/5/2 colonial SF with gross rent of $2,233/monthly. 8 of the 9 units presently leased to Wayfinders. 72 Bay lease renews 11/21, 7 units at 76 Bay Street renew 3/22. These agreements automatically increase 1 1/2% upon renewal or can be terminated with 60 days prior notice. Attached to listing are 2021 expenses/income and same information for 1st 6 months of 2021. Fence enclosed investment compound featuring ample parking and green space. Zero rent loss, Zero vacancy, Zero non-payment issues throughout pandemic. Can other investments claim the same?

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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 2021-07-27T21:07:52.7.
    www.nrgrealestate.com/homes/119489772
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    76 Bay Street Springfield, MA 01109

    • Price: $960,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 72868257
    28
    Beds
    10
    Baths
    0
    ½ Baths
    0.46
    Acres
    12,948
    SQFT
    $74
    $/SQFT
    1920
    Built
    Neighborhood:
    Other
    County:
    Hampden
    Area:
    Other
    Property Description
    Property being offered as a 2 property package (76 Bay Street and 72 Bay Street) for $960,000. Or property can be purchased as 3 property package with 20 Florida Street for 1.2M (see MLS 72805036). 76 Bay Street is a 4 story, 8 unit building. Current monthly gross income is $10,994. 72 Bay Street is a 8/5/2 colonial SF with gross rent of $2,233/monthly. 8 of the 9 units presently leased to Wayfinders. 72 Bay lease renews 11/21, 7 units at 76 Bay Street renew 3/22. These agreements automatically increase 1 1/2% upon renewal or can be terminated with 60 days prior notice. Attached to listing are 2021 expenses/income and same information for 1st 6 months of 2021. Fence enclosed investment compound featuring ample parking and green space. Zero rent loss, Zero vacancy, Zero non-payment issues throughout pandemic. Can other investments claim the same?
    Exterior Features

    Beachfront No Color Brick Construction FrameBrick Exterior VinylBrick Exterior Features PorchPorch - EnclosedDeckDeck - RoofDeck - WoodHandicap AccessGuttersScreensFenced Yard Foundation Brick Lot Description Paved DriveClearedFenced/EnclosedLevel Parking Features Off-StreetPaved Driveway Parking Spaces 16 Road Type PublicPavedPublicly Maint.Sidewalk Roof Material Asphalt/Fiberglass ShinglesRubber Waterfront Flag No Waterview Flag No

    Interior Features

    Appliances Unit1 RangeMicrowaveRefrigeratorWasher HookupDryer Hookup Appliances Unit2 RangeDisposalMicrowave Appliances Unit3 RangeDisposalMicrowaveRefrigerator Appliances Unit4 RangeDisposalMicrowaveRefrigerator Basement Yes Basement Features FullWalk Out Bedrooms Unit1 5 Bedrooms Unit2 2 Bedrooms Unit3 3 Bedrooms Unit4 3 Cooling Unit1 None Cooling Unit2 Central Air Cooling Unit3 Central Air Cooling Unit4 Central Air Cooling Units 8 Cooling Zones 8 Energy Features Insulated WindowsInsulated Doors Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring Wood Floors Unit1 1 Floors Unit2 1 Floors Unit3 2 Floors Unit4 3 Full Baths Unit1 2 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 Heat Units 9 Heat Zones 9 Heating Unit1 Forced AirGas Heating Unit2 Forced AirGas Heating Unit3 Forced AirGas Heating Unit4 Forced AirGas Hot Water Natural GasTank Interior Features Unit1 Cable Tv AvailableWood FlooringRemodeled Interior Features Unit2 Wood Flooring Interior Features Unit3 Wood Flooring Interior Features Unit4 Wood Flooring Levels 4 Levels Unit1 2 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 28 Rooms Description Unit1 Living RoomDining RoomKitchenLaundry Rooms Description Unit2 Living RoomDining RoomKitchen Rooms Description Unit3 Living RoomKitchen Rooms Description Unit4 Living RoomKitchen Rooms Unit1 8 Rooms Unit2 5 Rooms Unit3 5 Rooms Unit4 5

    Property Features

    Adult Community No Amenities Public TransportationShoppingParkLaundromatHighway AccessHouse Of WorshipPublic SchoolUniversity Apod Available No Assessments 820200.00 Disclosure No Disclosures Lb is Owner. 8 Of 9 Units Leased To Wayfinders (Incl. Gas/Electric)Sale To include A Parking Easement Upon 20 Florida Street. Electric Features Circuit Breakers100 AmpsIndividually Metered Expenses Source Owner Provided Expenses Year End 12/20 Gross Operating Income 158724 Lead Paint Certified Treated Lease Unit1 Y Lease Unit2 N Lease Unit3 Y Lease Unit4 Y Lender Owned No Multifamily Type 5-9 Family Net Operating Income 38669 Rent Description Unit1 HeatElectricHot Water Rent Description Unit2 Water Rent Description Unit3 HeatElectricHot Water Rent Description Unit4 HeatElectricHot Water Rent Unit1 2233 Rent Unit2 900 Rent Unit3 1442 Rent Unit4 1442 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2021 Taxes 15502.00 Terms Contract For Deed UFFI Unknown Warranty No Water City/Town Water Year Built Description Actual Year Built Source Public Record Zoning Res A

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of James Morrissey Jr. of Torrey & Associates R. E..


    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 2021-07-27T21:07:52.7.
     
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    NRG Real Estate Services, Inc.
    813 Williams Street, Suite 211
    Longmeadow MA, 01106
    Listing courtesy of James Morrissey Jr. of Torrey & Associates R. E..