MA
Hampden
Springfield
01109
683-687 State St
683-687 State St, Springfield, MA 01109
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Listing Type
Multi Family
Listing Status
Active
29
$1,675,000

Home Details for 683-687 State St

Price
$1,675,000
Type
Residential Income
Bedrooms
25
Total Bathrooms
17
Full Bathrooms
15
Half Bathrooms
2
Square feet
11250
Year built
1895
Lot size acres
0.17
County
Hampden
Total rooms
51
Basement
Full
MLS Listing#
73538738
Property Description

Exceptional investment opportunity in Springfield,MA! 683-687 State Street features 17 units, including 15 residential apartments and 2 commercial spaces. The unit mix consists of (9) one-bedroom, (2) two-bedroom, and (4) three-bedroom apartments, with all but two units updated within the past 24 months. The property currently has one vacant 3-bedroom unit and two vacant commercial spaces, creating immediate upside potential. One commercial space offers over 2,600 sq. ft. and is ideal for a laundromat, retail, office, or other business use. Ownership pays heat and hot water, while tenants pay their own electric (separately metered). Ten of the 15 residential units are subsidized, providing stable rental income.The property currently generates approximately $19,000 per month in gross rental income, with upside still available. Excellent cash flow and value-add opportunity. Don't miss out!

Property Features
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: Lock and Key Realty Inc. - 413-282-8080
Presented by: Jessica Mekal
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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