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Price Reduced! Investment Property - Within one mile of new site for Casino in Springfield! Owner occupied with ability to rent to three apartments without zone change. Sweeping views to the foothills of the Berkshires. Endless possibilities (with zone change or permit) Grand Ballroom could be a main dining room for a Restaurant, Yoga or Ballroom Dance Center, Event Center, Art Gallery and more. Could potentially be a perfect location for a Bed & Breakfast. Thirty rooms in total, 10 ornate fireplaces throughout this property, Italian Mosaic foyer, glassed sun rooms and viewing area, private balconies, 4 room apartment in the basement, 10 room apartment on the 3rd floor, 2nd floor has 4 room 2 bath apartment and more. Turn this home into your new in home office, or condo conversion...New roof and heating system, original carved wood working 18th Century well preserved and maintained. Call today for more information or to schedule your accompanied showing. All showings require proof of ability to finance.
Price Reduced! Seller retiring! English Tudor built strong in 1900. Will soon overlook Springfield's new MGM Casino! Situated at the high point of Maple Hill! Perfect view of the city and the Connecticut river valley to the foothills of the Berkshires. This 11 Unit multifamily investment opportunity, the only one of it's kind in the South End Central District has original etched/carved woodworking throughout the property, beamed ceilings, stained glass windows, hardwood flooring, custom glass cabinets, Eight fireplaces, one brick and seven marble, rounded bay windows, crystal chandeliers, high ceilings, built-in cabinets, brass fixtures, dressing rooms, balconies and 3 car stalls in an unfinished Carriage House with potential for remodel located in the rear of the property, Paved off street parking area for approximately 15 plus vehicles. Electric circuit breakers and slate roof 3 years old, new heating system 2014.
Rarely available incredible investment - 56 unit building with strong rental history in prime Springfield location (potential casino site within 2 miles). Incredible returns of over 35% cash on cash. Priced for immediate sale.
Brick three & four story walk-up apartment building with 20 units (9-1br, 6-2brs, 3-1br townhouse and 2-2brs townhouse). Newer roof / custom replacement windows on street side, install dry well in parking lot, entire bldg pointed as necessary, 3 chimneys & parapet wall rebuilt. New gas furnace & hot water tanks. Two washers & dryers. Owner provides gas heat and hot water while tenants pay own electric and gas cooking.
99 total units in 4 abutting buildings: 64 units; 26 units; 6 units; 3 units; (12, 2 room units at $575 per month) (37, 3 rooms at $700 per month) (37, 4 rooms at $800 per month) (7, 5 rooms at $800 --$900. per month) (6, 6 rooms at $1,150. per month) 40 plus off street parking spaces, All replacement windows, newer baths and kitchens, newer heat and hot water systems, Lead paint certificates for all units, all tenants have leases and security deposits. Well maintained, turn key operation with no deferred maintenance. $910,200 Gross annual income $45,510, Vacancy loss $272,982 Annual Expenses. $591,708. Net Operating Income.