Average square foot calculated using Size range provided by listing agent.
Description
Well maintained 4plex located in a desirable quaint residential Springfield neighborhood with a NOI of $33, 000 and listed at over a 11% cap rate. Featuring spacious 4x1br, and abundant off-street parking and driveway. This building has been recently renovated and updated, and 1 unit has been left vacant for a potential owner/occupant. 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 30 Union St, a 3plex next door (see MLS#467867) as discount. Listing Broker is a member of the LLC selling the property.Show Description
MLS® Number5028828
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1
Exterior
GarageNo
Approx. Age1940
BasementUnfinished
Driveway
Garage Spaces
HeatForced Air
A/CNone
Heating Fuel
Extras
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