Rare investment opportunity in the heart of Springfield! This 14 unit property offers a blend of historic character & modern functionality. The front building, built 1910, features 6 units with timeless charm including original woodwork & decorative fireplaces - plus a large, finished attic unit offering additional rental income potential. Connected at the rear, the 1975-built addition has 8 units, each with tenant paid electric. The property has recently received many updates including a 5 year old high efficiency boiler (owner paid heat/hot water), along with a newer on-demand hot water system. Several units have been recently renovated & the back building has been sub-metered to enhance operational efficiency. There is a large basement with space for on-site office build-out as well. With ample off-street parking and a convenient location near public transportation, employers, and major highways, this is an ideal investment opportunity in a thriving multifamily market!
10,604 Sq Ft
0.46 Private Acres Exterior Space
Investment
$15,128 Annual Tax
Built in 1910
MLS/Listing ID 73368742
3 Stories
9 Units
Construction - Frame
Community - University
Community - Public School
Community - House of Worship
Community - Highway Access
Community - Laundromat
Insulated Windows
Block
Brick Mortar
Community - Medical Facility
Community - Walk/Jog Trails
Community - Park
Community - Shopping
Community - Public Transportation
Slab
Thermostat
Parking - Paved
Parking - Off Street
Shingle
Listing Courtesy of CENTURY 21 ALLPOINTS REALTY, MADELINE CERUTI - 860-559-0978
Source of Data: MLS PROPERTY INFORMATION NETWORK