447-451 State St.

$249,900, 8 Beds 5 Baths 7,143 Sqft .08 Acres

About This Property

Huge Price Drop!! Seller to review offers on 10/6/2019. Potential to earn $5,800+ monthly rental income! Undervalued 6 unit building consisting of 2 retail storefronts and 4 residential units under $250K! Steady long-term rental income from 2 storefront units leased until 6/2025 by pizza store at current monthly rent of $2,400 w/ annual rent increases. Pizza store has additional 5-year renewal option (from 6/2025 – 6/2030) at monthly rent from $2,700 - $2,900. The 4 residential units are empty and after renovations can be rented at $850+ per unit, adding $3,400 of rental income for combined $5,800+ of monthly rental income. Custom renovate the 4 apartments and earn almost $6K per month of rental income making this undervalued building a cash cow!

Essential Information

MLS® #72555674
Price$249,900
Bedrooms8
Bathrooms5.00
Full Baths4
Half Baths2
Square Footage7,143
Acres0.08
Year Built1900
TypeMulti-Family
Sub-Type5-9 Family
StatusActive

Community Information

Address447-451 State St.
CitySpringfield
CountyHampden
StateMA
Zip Code01105

Amenities

Parking Spaces4

Listing Details

AgentSophie Kozaczka

Office

Keller Williams Realty Greater Worcester

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