FOR SALE
$ 4,149,700 Est. Payment

33 Various UNIT 64

Springfield, MA 01108
Other
Residence
74,636
Sq. Ft.
3.43
Acre Lot
1of
Map
Photos
Courtesy: Mark DiFranco - DiFranco Realty
RARE BRASS RING, Assemblage of Multi Family Investment Property with one entrepreneur. Consisting of 33 Locations and 64 Total Units, 7-SFR, 22-Two Family, 3-Three Family & 1-Four-Family. 100% Occupied & deleaded all within a few mile radius of MGM Casino & each other. Gross Operating Income=$690,864, Expenses=$275,836, Net Operating Income=$415,028, Projected Annual Debt Service=$238,740, Cash Flow Before Taxes=$176,288, Debt Coverage Ratio=1.74, CAP Rate=10%, Cash on Cash Return=21.25%. Seller's goal is to own non-residential commercial real estate and would consider accepting trade for all or part of this residential property assemblage. Realtor.com Estimated Value $4,220,600. City Assessed Value $3,921,900. MLS average price per sq. ft of SOLD property=$4,478,160 value. MLS Avg. Sale$: $151,334 x 33 =$4,994,022 value. What this indicates is purchasing this package a 10% CAP Rate leaves meat on the bone. $64,839 per unit average is a steal on the Single Families.
72361206
Other
Hampden
1900
3.43 Acres
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
People
Zip
City
County
National
154,341
470,690
321,418,820
4,828
756
89
2.6
2.5
2.6
32.3
38.7
37.4
$34,731
$50,036
$53,482
$18,435
$26,249
$28,555
 
Economy
Zip
City
County
National
8.10 %
5.90 %
5.20 %
1.00 %
0.90 %
1.60 %
34.00 %
35.80 %
38.00 %
6.25 %
6.25 %
6.00 %
5.10 %
5.10 %
4.60 %
102
111
100
 
Environment
Zip
City
County
National
184
636
1443
48.1
48.6
39.2
42.5
48.7
25.8
12.9
13.2
22.6
82.8
81.9
86.1
109
114
102
189
191
205
40
40
54
Source: Sperling's Best Places
Courtesy: Mark DiFranco - DiFranco Realty
Thomas O'Leary, License 1000018, Xome Inc., License 9622, ThomasH.Oleary@xome.com, 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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