Johanna Knight
REALTOR®
BEDS6
BATHS2 full
SQUARE FEET2,484
MLS#73598432
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Heating: Baseboard, Natural Gas
Lot Size: 0.19 Acres
Stories: 2.0
Taxes: $5,106
Year Built: 1913
Amenities
Living Room
Kitchen
Laundry Room
Feature Descriptions
Appliances: Range, Refrigerator
Building Area Total: 2484
Community Features: Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, Public School
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Dwelling Type: 2 Family - 2 Units Up/Down
HeatingY/N: 1
Lot Features: Easements
Open Parking Y/N: Yes
Parcel Number: 2598316
Parking Features: Paved Drive
Parking Total: 4
Rent Includes: Unit 1(Hot Water), Unit 2(Hot Water)
Rooms Total: 10
Sewer: Public Sewer
Units: 2
Water: Public
Listed By / Shown By
Listed By
Agency Name: Lock and Key Realty Inc.
Agent Name: The Colondres Group
Agency Phone: 413-282-8080
Shown By
Agent Name: Johanna Knight
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 1,507.91 per month $956.99 Principal & Interest $425.50 Property Tax $125.42 Homeowner's Insurance
74 Oak Street | MLS# 73598432
This multi-family property located at 74 Oak Street, Springfield, MA 01151 is currently listed for sale with an asking price of $430,000. Search Springfield real estate on johannaknight.masiellogrouprealestate.com today.