Address
683-687 State St, Springfield, MA
Price
$ 1,425,000
Property Attributes
  • MLS#73201273
  • TypeMulti-Family
  • CountyHAMPDEN
  • CitySpringfield
  • Zip01109
  • Style5+ Family - 5+ Units Up/Down
  • Year Built1895
  • Taxes$ 14787
  • Price$ 1,425,000
  • Bedrooms25
  • Full Bathrooms15
  • Half Bathrooms1
  • Sqr Footage11250
  • Lot Size7,405 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description

Investment Opportunity! Welcome to 683-687 State Street, a hidden gem nestled in the heart of Springfield, Massachusetts. This property has a total of 17 units including 15 residential and 2 commercial spaces. One commercial space being over 2,600 sq ft! There are a variety of unit sizes, comprising of nine one-bedroom, two two-bedroom, and four three-bedroom units. Heat and hot water is provided by ownership and tenants are responsible for electric which includes electric stoves. Roofs have been replaced within the past year and the heating system has been replaced within the past 5 years. With only two units to be occupied at closing, take this chance to place qualified paying tenants! The current property management company in place is available to continue services once purchased. Don't pass up a chance like this in an expanding city such as Springfield, Massachusetts! Reach out to the listing agent for more information.

Price History
2/10/2024 Listed $1,425,000

General Features

Sewer Public Sewer
Roof Rubber
Zoning B1
Construction Materials Brick
Year Built 1895
Property SubType 5+ Family - 5+ Units Up/Down
Tax Year 2023
Community Features Public Transportation
County Hampden
Operating Expense 18300
Property Type Residential Income
Garage Y/N No
Total Rooms 51
Status Active
Directions Located at the corner of State St and Hancock St
City Springfield
Buyer Agent Compensation 1.5
Disclosures Member of ownership LLC is licensed real estate agent. 6 of the 15 residential units are updated and/or renovated. 6 of the 15 residential units need updates/renovations. As of 3/1/24 only 2 units wi
Senior Community Y/N No
Total Units 17
Lot Size Square Feet 7532
Waterfront Y/N No
Street Name State St
Year Built Details Actual
Tax Annual Amount 14787.46
Electric Expense 2400
Home Warranty Y/N No
Water Sewer Expense 5400
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 867300
Total Actual Rent 2000
Compensation Based On Net Sale Price
Sub-Agency Relationship Offered No

Interior Features

Basement Full
Total Stories 5
Fireplace Y/N No
Full Baths 15
Half Baths 1
Total Bedrooms 25
Total Baths 16

Exterior Features

Lot Features Level
Water Source Public
Lot Size Area 0.17
Foundation Details Brick/Mortar
Spa No
Building Area Total 11250
Lot Size Acres 0.17
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 01109

Price
AVG $730K
$1.43M
Taxes
AVG $7,057
$14,787
Visits
AVG 208
229
Data Provided by Inside Real Estate®
Year Built
AVG 1902
1895

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