41-49 Belmont Avenue, Forest ParkSpringfield, MA 01108MLS Number 73181475

  • Sale Price: $2,090,000
  • 128 Days Since Sale
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Federal 30-year interest rate: 6.99% last updated on Jun 6, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 32Bedrooms
  • 0.26Acreage
  • 22Bathrooms
  • 1925Year Built

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Incredible investment opportunity! This package deal includes a 20-unit building and a two-family building, totaling 22 units, and all units have letters of lead compliance. Comprising four studios, eight one-bedroom, and ten two-bedroom units, this property offers diverse living options. With private parking, on site laundry, updated hot water systems and 95% HTP condensing Hot water heat, ensure efficiency. Prime location: close proximity to downtown Springfield, the city's ongoing revitalization adds immense value. Seize the potential for growth and opportunity in this thriving area. All vacant units will be occupied by January 1, ensuring immediate returns. Don't miss out on this exciting venture in a city poised for transformation!
Listed by Raquel Medina of Lock and Key Realty Inc.

Listing Sold by Stuart St James, Inc.

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More Info

Basic Information

  • Concessions Amount $20,000
  • Contingency Pending P&S
  • Gross Income $296,400
  • Listing Terms Contract
  • Lot Features Corner Lot
  • Mls StatusSold
  • Parcel Number S:01235 P:0374, S:01235 P:0376
  • Rent Includes Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water)
  • Road Frontage DescriptionPaved

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame, Brick
  • FoundationBrick/Mortar
  • Patio And Porch Features Porch
  • Rooms94
  • Stories4
  • Units22
  • Utilities For Electric Range
  • Year Built1925
  • Year Built Details Approximate
  • Year Built Source Public Records

Other

  • Buyer Agency Compensation1.5
  • Date Listed11/17/2023
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation1.5
  • View Count28

Tax Information

  • Tax Assessed Value $1,283,500
  • Tax Year 2023
  • Taxes$21,884

Rooms

  • Bathroom22
  • Bathrooms Total Decimal 22
  • Bedrooms32
  • Full Bath22

Location

  • Address41-49 Belmont Avenue
  • Building Number41-49
  • CountyHampden
  • NeighborhoodForest Park
  • StateMA
  • StreetBelmont Avenue
  • SubdivisionForest Park
  • TownSpringfield
  • Zip01108

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Laundromat
    • Park
    • Public School
    • Public Transportation
    • Shopping
  • Appliances IncludedRange, Refrigerator
  • Other AmenitiesBasement

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces9

Basic Information

  • List Price$2,175,000
  • MLS Number73181475
  • Modification Date04/06/2024
  • Property SubType5+ Family - Rooming House
  • Purchase Contract Date01/14/2024
  • Sale Date02/07/2024
  • Sale Price$2,090,000

Property

  • Acreage0.26

Interior

  • Flooring Vinyl, Hardwood

Exterior

  • RoofShingle

Property Information

  • Building Area Source Public Records
  • Living Area 22,316
  • Lot Size Square Feet 11,687
  • Lot Size Units Acres
  • Square Feet22,316
Taylor Real Estate
Taylor Real Estate
Office: 413-527-3375
4 Liberty Street, Suite A
Easthampton, MA 01027

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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 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. MLSPIN 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.

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