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  • Key Facts
  • Description
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Key Facts

Type 
Levels Residential Income
Size 2655 sqft
Garage No
Maintenance Fees 
Taxes $2,275
Days Active 2
Approx. Age 1940
Avg. Price Per Sqft $82
MLS® Number 5053938

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Well maintained 3plex located in a desirable quaint residential Springfield neighborhood with a NOI of over $28, 000 and listed at over a 12%+ cap rate. This property features a desirable mix of spacious 2x2br/1ba and 1x1br/1ba, and a 5 car driveway. This building has been recently renovated and updated, and is 100% occupied. Current gross income is north of $44, 000 A new owner can step into to this turnkey and property starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Or live in one unit while renting the others. Either way, you can take advantage of 100% bonus depreciation on this asset. Springfield is undergoing significant growth and investment, and this is an excellent opportunity to acquire a high cash flow property at a low valuation. The property is also available with a 34 Union St, a 4plex next door (see MLS#5028828) as discount. Listing Broker is a member of the LLC selling the property. Reach out directly for property OM and financials.Show Description
MLS® Number5053938
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1940
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heatundefined, Oil, Baseboard
A/CNone
Heating Fuel

Extras

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