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99-103 Federal

Springfield, MA 01105
  • $2,299,000
  • STATUS: Active
  • MLS #: 73182661
UPDATED: 79 min ago
$2,299,000
  • 28
    BEDS
  • 0.22
    ACRES
  • 24
    BATHS
  • 0
    1/2 BATHS
  • 16,908
    SQFT
  • $136
    $/SQFT
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Listing courtesy of Patriot Living Group of Lock and Key Realty Inc..

Description

Portfolio expansion opportunity is here for you at 99 Federal in Springfield, MA. This building has recently been professionally stabilized. More than 50% of the units have been renovated and freshened up. Tenants are responsible for their own electricity and should they have a gas range, they handle that expense. Building ownership is responsible for the hot water and heat. These efficient systems are separate, both gas powered with the hot water system newly installed beginning of this year. The professional property management company is off site and can continue to management the property once purchased. Although the laundry system is not operable, you can easily bring it back to life. The location of this beautiful building is among many other well maintained complexes with tree lined sidewalks, public transit stops, and convenience within the Springfield Metro center. Be sure to reach out for operational data and to discuss this business 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 2024-02-24T12:05:24.507.
www.nrgrealestate.com/homes/145485384
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99-103 Federal Springfield, MA 01105

  • Price: $2,299,000
  • Status: Active
  • On Site: Days
  • Updated: 79 min ago
  • MLS #: 73182661
28
Beds
24
Baths
0
½ Baths
0.22
Acres
16,908
SQFT
$136
$/SQFT
1910
Built
County:
Hampden
Property Description
Portfolio expansion opportunity is here for you at 99 Federal in Springfield, MA. This building has recently been professionally stabilized. More than 50% of the units have been renovated and freshened up. Tenants are responsible for their own electricity and should they have a gas range, they handle that expense. Building ownership is responsible for the hot water and heat. These efficient systems are separate, both gas powered with the hot water system newly installed beginning of this year. The professional property management company is off site and can continue to management the property once purchased. Although the laundry system is not operable, you can easily bring it back to life. The location of this beautiful building is among many other well maintained complexes with tree lined sidewalks, public transit stops, and convenience within the Springfield Metro center. Be sure to reach out for operational data and to discuss this business opportunity!!
Exterior Features

Color Brick Construction Materials Brick Covered Spaces 0 Exterior Features Professional LandscapingFenced Yard Fencing Fenced/EnclosedFenced Garage YN No Lot Features ClearedGentle SlopingLevel Open Parking YN Yes Parking Total 0 Road Frontage Type Public Roof Rubber Spa YN No Waterfront YN No

Interior Features

Appliances Utility Connections for Gas RangeUtility Connections for Electric Range Basement FullWalk-Out AccessConcreteUnfinished Building Area Total 16908 Cooling Units 0 Cooling Zones 0 Door Features Insulated Doors Fireplace YN No Fireplaces Total 0 Flooring Vinyl / VCT Foundation Area 5621 Foundation Details Brick/Mortar Heat Units 1 Lead Paint Certified TreatedUnknown Rooms Total 48 Window Features Insulated Windows

Property Features

Buyer Agency Compensation 1.5 Community Features Public TransportationWalk/Jog TrailsMedical FacilityLaundromatHighway AccessHouse of WorshipUniversity Disclosures App 50% of units newly renovated. Some cooking ranges are gasremaining electric. A seller entity member is a licensed real estate sales person. Buyer/buyer's agent to perform own and all due diligence. Seller may accept offer at any time and has never lived in the property. Home Warranty YN No Listing Terms Contract Property Sub Type 5+ Family - 5+ Units Up/Down Senior Community YN No Sewer Public Sewer Tax Annual Amount 21205 Tax Year 2023 Total Actual Rent 27490 Transaction Broker Compensation 0 Utilities for Gas Rangefor Electric Range Water Sewer Expense 0 Water Source Public Year Built Details Renovated Since Year Round Yes Zoning B1

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Patriot Living Group of Lock and Key Realty Inc.: 413-282-8080.


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 2024-02-24T12:05:24.507.
 
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Longmeadow MA, 01106
Listing courtesy of Patriot Living Group of Lock and Key Realty Inc..