Here’s a fantastic opportunity to own a well-maintained, income-producing 3-unit property. The first-floor unit is a spacious, remodeled 3-bedroom, 1-bath with a large kitchen and laundry hookups, providing comfort and convenience for tenants. On the second floor, you'll find a recently updated 2-bedroom, 1-bath unit with a generous kitchen and laundry hookups. The third-floor unit is a cozy 1-bedroom, 1-bath, perfect for tenants seeking a smaller space. This property has been well cared for, featuring vinyl siding, replacement windows, newer electric circuit breaker panels, and updated wood flooring throughout. The kitchens and bathrooms have all been modernized for added appeal. Each unit has its own separate utilities, making it easy to manage and reducing your overhead costs. Currently, rents are below market value, meaning there's significant potential for higher rental income. This turn-key property is ready to start generating cash flow immediately. Schedule your showing today!
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Last Updated: November 21st, 2024 at 8:18am
Highway Access
House Of Worship
Public School
Shopping
Park
Medical Facility
Laundromat
Public Transportation
Private School
General Information for 1256-1258 Worcester St, Springfield, Massachusetts 01151
Property TypeResidential Income
Property Sub TypeMulti Family
Price$450,000
Price per sqft$135.75
MLS #73314138
Handicap Access / FeaturesNo
List Date2024-11-19
Special Listing Conditions
StateMassachusetts
Street NameWorcester St
CitySpringfield
Zip Code01151
CountyHampden
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones0
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total3315
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress1256-1258 Worcester St, Springfield MA 01151
Zoning
Interior Features for 1256-1258 Worcester St, Springfield, Massachusetts 01151
* Approx. Living Area Total3,315 sq ft
Living Area Includes BasementNo
Bedrooms6
* # Fireplaces0
Bathrooms (Total)3
Full Baths3
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
0
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricYes
Electric$0
MLS Area (Major)Indian Orchard
MLSPIN_BEDRMS_13
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_31
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 1256-1258 Worcester St, Springfield, Massachusetts 01151
* Approximate Lot Size0.11 acres
Covered Parking Spaces0
Lot FeaturesLevel
* Parking Spaces4
* Sewer Utilities
* Water Utilities
* Year Built1907
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsBlock,Brick/Mortar
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)4,748 Sqft
Disclosures for 1256-1258 Worcester St, Springfield, Massachusetts 01151
Buyer Agent Compensation2
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 1256-1258 Worcester St, Springfield, Massachusetts 01151
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$23,160
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT10
MLSPIN_RENT21200
MLSPIN_RENT3730
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$23,160
OperatingExpense$0
OriginalListPrice$450,000
RENT_FEE_INCLUDESUnit 2(water), Unit 3(water)
TOTAL_RENT1930
WaterSewerExpense$0
Lifestyle Information for 1256-1258 Worcester St, Springfield, Massachusetts 01151
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 1256-1258 Worcester St, Springfield, Massachusetts 01151
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 1256-1258 Worcester St, Springfield, Massachusetts 01151
MLSPIN_MARKET_TIME_BROKER1
MLSPIN_MARKET_TIME_PROPERTY1
PurchaseContractDate
Agent Information for 1256-1258 Worcester St, Springfield, Massachusetts 01151