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(781) 499-9900
COLUMBIA Real Estate Brokerage
74 Oak Street, Springfield, MA 01151
- $430,000
- 6
- BD
- 2
- BA
- 2,484
- SqFt
- List Price
- $430,000
- Status
- NEW
- MLS#
- 73598432
- Bedrooms
- 6
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,484
- Lot Size (Acres)
- 0.19
- Year Built
- 1913
Property Description
Investor opportunity in Indian Orchard! This occupied two-family generates $4,100 per month in current rent, or $49,200 annually. The property offers a four-bedroom unit and a two-bedroom unit, giving buyers an established income stream from day one. Tenants pay for heat and electricity; the owner pays for water. A massive walkout basement provides generous storage and potential for future value-add improvements, subject to buyer due diligence and approvals. Convenient to neighborhood shops, restaurants, public transportation, the Indian Orchard Branch Library, Cottage Hill Park and Myrtle Street Park, with access to Route 20, I-291 and the Mass Pike. Add an income-producing property with room to explore further potential to your portfolio!
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Additional Information
- Taxes
- $5,106
- Interior Features
- Living Room, Kitchen, Laundry Room
- Parking Description
- Paved Drive
- Lot Description
- Easements
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: The Colondres Group from Listing Office: Lock and Key Realty Inc..
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.