1 Various - Unit 39, Springfield, MA 01109 - MLS 72360360 | Berkshire Hathaway HomeServices New England Properties
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  • 1 Various - Unit 39, Springfield, MA 01109
  • $2,093,000
  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 0 Full BathroomFull Bathrooms
  • 0 Half BathroomHalf Bathrooms
  • 29,109 Sqft
  • Sold On

1 Various - Unit 39, Springfield, MA 01109

  • Open House
  • New Listing
  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 29,109 Sqft
  • Commercial
  • Active
  • MLS# 72360360
  • Sold On
0 More Schedule
  • Price Reduced

Property Information

  • MLS72360360
  • Zip Code01109
  • TypeCommercial
  • Sq. Ft.29, 109
  • Parking Attached, Open, 21+ Spaces, On Site
  • Parking60
  • Year Built1950
  • Acreage1.33
  • Estimated Taxes$33, 781

UNIQUE Multi Family Assemblage of 11 Properties, 39 Units.The package consists of 4 - Single Family properties, 5 - Two Family properties, 1 - Three Family property and a 22 Unit Multi Family property on 334 Boston Rd (Crown Jewell). Value = $2,093,000 Potential Income = $356,900 Vacancy & Credit Loss = ($17,000} The Gross Operating Income = $339,900 Expenses = $117,227. Expenses are 35% of GOI which seems to be below market average, but because rents are above market average Expenses are in line. Net Operating Income = $222,673 Proposed Annual Debt Service = $116,656 ($1,650,000, 5.25% Interest, 25 Year Amortization) Cash Flow Before Taxes = $104,017 Debt Coverage Ratio = 1.88. Banks like to see 1.25 DCR. CAP Rate = 10.64% Loan to Value = 78.83% Cash on Cash Return = 23.48%


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Listing courtesy of: Mark DiFranco, DiFranco Realty © 2019 MLS Property Information Network, Inc. All Rights Reserved.

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