Discover your next lucrative investment opportunity! This charming 2-family home comes with an additional unit in the basement, offering endless potential. The first-floor unit will be delivered vacant, making it ideal for owner-occupancy or to rent at current market value. With plenty of off-street parking, convenience is guaranteed. The beautifully updated first-floor unit is move-in ready, offering a modern and comfortable living space. Don't miss out on this fantastic opportunity to own a versatile property with excellent rental potential!
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Last Updated: March 5th, 2025 at 6:43am
Gross Income: $28,008
Gross Expenses: $4,646
Net Income Calc: $23,362
CAP Rate: 5.99%
Annual Expenses for 40-42 Ranney St, Springfield MA 01108
Total Gross Expenses (Calculated)$4,646/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$4,646
Annual Income & Unit Breakdown for 40-42 Ranney St, Springfield MA 01108
Total Gross Income (Calculated)$28,008
Unit 1
Rental Income0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income1434
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 40-42 Ranney St, Springfield MA 01108
Listing ID73339875
Property TypeMulti Family
Price$389,999 ($153.85/SqFt)
Style
CitySpringfield
CountyHampden
MLS Area
Neighborhood(s)
Approximate Living Area Total2,535 SqFt
Approximate Lot Size (Acres)0.16 acres
Total Parking6
Garage Parking
Year Built1922
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningR3
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 40-42 Ranney St, Springfield MA 01108
Disclosures for 40-42 Ranney St, Springfield MA 01108
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$10,800
Total Net Income By Broker$10,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 40-42 Ranney St, Springfield MA 01108
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 40-42 Ranney St, Springfield MA 01108