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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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71-77 Acton St , Springfield, MA 01151
$449,000
Est. Payment: $997.78/mo
8 Bed
4 Bath
4771 Sqft
Status: Under Agreement | Days on site: 21
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House Description

INVESTORS TAKE NOTE! First time available after serving multiple generations of the same family, this well-positioned 4-family property, with additional bonus space (once used as a storefront) offers excellent potential for investors, or those looking to add value through updates and improvements. Two units are currently vacant, while two are occupied by month-to-month tenants, providing an opportunity for immediate rental income while allowing a new owner to renovate and reposition the vacant units to maximize future rental potential. Each apartment features an eat-in kitchen, living room, two bedrooms (some with tandem-style layouts), and a full bath. Separate laundry hookups and storage are available for each unit in the basement, with one unit also offering stackable laundry hookups within the apartment. Situated on a spacious corner lot, the property offers ample off-street parking, including a 4-car garage, as well as shared yard space. The upper-level units also enjoy private outdoor deck/balcony areas, and one of the first floor units has ramp accessibility. Recent improvements include four newer gas heating systems and four newer gas water heaters, along with vinyl replacement windows and roof believed to be approximately 25 years old. Conveniently located in Indian Orchard with easy access to public amenities and close proximity to the Wilbraham and Ludlow town lines. This is an excellent opportunity to acquire a multi-family property with multiple income-producing possibilities and significant potential for future value. Property to be sold in as-is condition with tenants in place.

Highlights

Listed by Angela M. Accorsi , 413-374-2023 Coldwell Banker Realty - Western MA , 413-567-8931.

Property Type

Multi-Family

Lot/Acreage
0.24

Year Built

1913

County

Hampden

Area

Indian Orchard

Listing ID

73568017

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:4
  • Full Bathrooms:4
Floor:Wood,Vinyl,Carpet
Other:
  • Additional:Living Room, Kitchen
Water:Public

Exterior Features

Lot:Corner Lot,Level
Garage Capacity:14
Zoning:R1
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved Drive,Off Street,Paved,Parking Spaces: 14
Principal Interest
$998
Taxes
$524

Home Price

$449,000

Loan Details

30 yrs
%

Down Payment

20%
$89,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$997.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $997.78 $524.00 $0.00 $1,521.78
Yearly $11,973.33 $6,288.00 $0.00 $18,261.33
Total $359,200.00 $188,640.00 $0.00 $547,840.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Springfield, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.