Your next investment opportunity awaits in this great deal! Perfect property for a savvy investor looking for cash flow, this 6 unit building offers five 1 bedroom units and one 3 bed unit. The two first floor units are vacant so you can move your new tenants right in. The remaining apartments are all leased by long term tenants with room to increase the rents. Will bring in over $5,000 per month when fully leased! This home features a new roof, vinyl siding, vinyl replacement windows and an updated heating system. There's even a large shed on the property that's currently rented for $150/month for even more income. An ideal investment property with excellent cashflow. Don't wait, schedule your showing today.
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Last Updated: March 4th, 2025 at 6:08am
Gross Income: $16,800
Gross Expenses: $5,062
Net Income Calc: $11,738
CAP Rate: 2.61%
Annual Expenses for 182 Main St, Springfield MA 01151
Total Gross Expenses (Calculated)$5,062/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$5,062.11
Annual Income & Unit Breakdown for 182 Main St, Springfield MA 01151
Total Gross Income (Calculated)$16,800
Unit 1
Rental Income0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income700
LeaseY
Bedrooms1
Bathrooms
Floor2
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income700
LeaseY
Bedrooms1
Bathrooms
Floor2
Levels in Unit
HeatingNo
Rent Includes
General Information for 182 Main St, Springfield MA 01151
Listing ID73339561
Property TypeMulti Family / 5+ Family
Price$449,987 ($171.69/SqFt)
Style
CitySpringfield
CountyHampden
MLS AreaIndian Orchard
Neighborhood(s)
Approximate Living Area Total2,621 SqFt
Approximate Lot Size (Acres)0.15 acres
Total Parking7
Garage Parking1 / Detached
Year Built1913
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel, Cleared
Foundation Area
Foundation DescriptionBrick/Mortar
Accessible Features
Outdoor Space
ZoningB1
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 182 Main St, Springfield MA 01151
Disclosures for 182 Main St, Springfield MA 01151
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$16,800
Total Net Income By Broker$16,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Location Information for 182 Main St, Springfield MA 01151
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaIndian Orchard
Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, Public School, Shopping, Park, Laundromat, Public Transportation, Private School
Contact Information for 182 Main St, Springfield MA 01151