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Active Under Contract

93 Florence, Springfield MA 01105

$1,250,000

Estimated $23,230.10/month Calculator

Multi Family

Total Units: 12

Price Per Unit: $104,166.67

Total Rent: 25800/year

Estimated CAP Rate: -1.41%

15 Bedrooms

12 Full Baths

0 Parking Spots

0.14 acres

The property is equipped with individually metered utilities, including separate meters for gas heating, gas hot water, and electricity. In 2024, the building underwent significant upgrades, including the installation of 12 new Navien tankless combination water heaters and boiler systems, which have enhanced its overall efficiency. Additionally, various unit renovations were completed. This offering comprises a three-story multi-family building that houses a total of twelve (12) units: three (3) 2-bedroom/1-bathroom units and nine (9) 1-bedroom/1-bathroom units. The property boasts 10,014 square feet of living area within a gross area of 13,308 square feet, situated on 0.14 acres of land. The property features updated heating systems, and all utilities are separately metered.

This home has been viewed 40 times

Last Updated: April 1st, 2025 at 7:28am

Gross Income: $25,800

Gross Expenses: $43,479

Net Income Calc: $-17,679

CAP Rate: -1.41%

Annual Expenses for 93 Florence, Springfield MA 01105

Total Gross Expenses (Calculated)$43,479/year

APOD AvailableYes

Heating$0

Electricity$613

Water$10,800

Gas$10,800

Insurance$5,856

Sewer$10,800

Trash Removal$0

Repair & Maintenance$3,000

Management$7,682

Miscellaneous$0

Real Estate Tax$15,528

Annual Income & Unit Breakdown for 93 Florence, Springfield MA 01105

Total Gross Income (Calculated)$25,800

Unit 1

Rental Income1050

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income1100

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 3

Rental Income

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 4

Rental Income

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 93 Florence, Springfield MA 01105

Listing ID73342635

Property TypeMulti Family / 5+ Family

Price$1,250,000 ($124.83/SqFt)

Style

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total10,014 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year RenovatedN/A

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Interior Features for 93 Florence, Springfield MA 01105

Disclosures for 93 Florence, Springfield MA 01105

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$58,397

Total Gross Income By Broker$158,400

Total Net Income By Broker$100,003

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Location Information for 93 Florence, Springfield MA 01105

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Shopping, Public Transportation, University

Contact Information for 93 Florence, Springfield MA 01105

Agent

Name: Michael Bradley

MLS ID: CN249061

Office ID: AN2723

Phone: 781-300-2502

Address: 24 Intown Terrace

City: Middletown

State: CT

Zip: 06457

Office

Name: Horvath & Tremblay

MLS Office ID: AN2723

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes $15,528

Principal & Interest 7702.1

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Michael Bradley

Agent Phone

(781) 300-2502

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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                (
                    [field_id] => 3188
                    [type] => feature
                    [name] => CommunityFeatures
                    [values] => Array
                        (
                            [0] => Public School
                            [1] => Shopping
                            [2] => Public Transportation
                            [3] => University
                        )

)

[field_3189] => Array
                (
                    [field_id] => 3189
                    [type] => price
                    [name] => ConcessionsAmount
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[f_3190] => Array
                (
                    [field_id] => 3190
                    [type] => feature
                    [name] => ConstructionMaterials
                    [values] => Array
                        (
                            [0] => Frame
                        )

)

[field_3192] => Array
                (
                    [field_id] => 3192
                    [type] => number
                    [name] => ParkingTotal
                    [value] => 0
                )

[field_3193] => Array
                (
                    [field_id] => 3193
                    [type] => number
                    [name] => CoveredSpaces
                    [value] => 0
                )

[field_3200] => Array
                (
                    [field_id] => 3200
                    [type] => price
                    [name] => ElectricExpense
                    [raw] => 613
                    [unit_id] => 260
                    [value] => $613
                    [price_only] => $613
                )

[field_3205] => Array
                (
                    [field_id] => 3205
                    [type] => date
                    [name] => ExpirationDate
                    [value] => 01/01/1900
                )

[field_3206] => Array
                (
                    [field_id] => 3206
                    [type] => select
                    [name] => FarmLandAreaUnits
                    [value] => Square Feet
                )

[f_3207] => Array
                (
                    [field_id] => 3207
                    [type] => feature
                    [name] => FinancialDataSource
                    [values] => Array
                        (
                            [0] => Owner
                        )

)

[field_3209] => Array
                (
                    [field_id] => 3209
                    [type] => text
                    [name] => FoundationDetails
                    [value] => Concrete Perimeter
                )

[field_3211] => Array
                (
                    [field_id] => 3211
                    [type] => number
                    [name] => GarageSpaces
                    [value] => 0
                )

[field_3216] => Array
                (
                    [field_id] => 3216
                    [type] => price
                    [name] => GrossIncome
                    [raw] => 158400
                    [unit_id] => 260
                    [value] => $158,400
                    [price_only] => $158,400
                )

[field_3217] => Array
                (
                    [field_id] => 3217
                    [type] => select
                    [name] => HeatingYN
                    [value] => 1
                )

[field_3219] => Array
                (
                    [field_id] => 3219
                    [type] => select
                    [name] => HorseYN
                    [value] => 1
                )

[field_3220] => Array
                (
                    [field_id] => 3220
                    [type] => price
                    [name] => InsuranceExpense
                    [raw] => 5856
                    [unit_id] => 260
                    [value] => $5,856
                    [price_only] => $5,856
                )

[field_3222] => Array
                (
                    [field_id] => 3222
                    [type] => text
                    [name] => ListingAgreement
                    [value] => Exclusive Right To Sell
                )

[field_3223] => Array
                (
                    [field_id] => 3223
                    [type] => date
                    [name] => ListingContractDate
                    [value] => 07/03/2025
                )

[f_3225] => Array
                (
                    [field_id] => 3225
                    [type] => feature
                    [name] => LotFeatures
                    [values] => Array
                        (
                            [0] => Corner Lot
                        )

)

[field_3226] => Array
                (
                    [field_id] => 3226
                    [type] => area
                    [name] => LotSizeSquareFeet
                    [value] => 6,098 Sqft
                    [raw] => 6098
                    [unit_id] => 1
                )

[field_3230] => Array
                (
                    [field_id] => 3230
                    [type] => price
                    [name] => OperatingExpense
                    [raw] => 58397
                    [unit_id] => 260
                    [value] => $58,397
                    [price_only] => $58,397
                )

[field_3231] => Array
                (
                    [field_id] => 3231
                    [type] => price
                    [name] => OriginalListPrice
                    [raw] => 1250000
                    [unit_id] => 260
                    [value] => $1,250,000
                    [price_only] => $1,250,000
                )

[field_3234] => Array
                (
                    [field_id] => 3234
                    [type] => textarea
                    [name] => PrivateOfficeRemarks
                    [value] => Contact Listing Broker Michael Bradley to learn to
                )

[field_3237] => Array
                (
                    [field_id] => 3237
                    [type] => date
                    [name] => PurchaseContractDate
                    [value] => 28/03/2025
                )

[field_3240] => Array
                (
                    [field_id] => 3240
                    [type] => text
                    [name] => UnparsedAddress
                    [value] => 93 Florence, Springfield MA 01105
                )

[field_3241] => Array
                (
                    [field_id] => 3241
                    [type] => price
                    [name] => WaterSewerExpense
                    [raw] => 10800
                    [unit_id] => 260
                    [value] => $10,800
                    [price_only] => $10,800
                )

[field_3243] => Array
                (
                    [field_id] => 3243
                    [type] => text
                    [name] => YearBuiltDetails
                    [value] => Actual
                )

[field_3245] => Array
                (
                    [field_id] => 3245
                    [type] => text
                    [name] => YearBuiltSource
                    [value] => Public Records
                )

[field_3248] => Array
                (
                    [field_id] => 3248
                    [type] => datetime
                    [name] => OriginalEntryTimestamp
                    [value] => 07/03/2025 14:49:00
                )

[field_3253] => Array
                (
                    [field_id] => 3253
                    [type] => number
                    [name] => MLSPIN_BEDRMS_1
                    [value] => 2
                )

[field_3254] => Array
                (
                    [field_id] => 3254
                    [type] => number
                    [name] => MLSPIN_BEDRMS_2
                    [value] => 1
                )

[field_3260] => Array
                (
                    [field_id] => 3260
                    [type] => text
                    [name] => MLSPIN_DISCLOSURE
                    [value] => N
                )

[field_3261] => Array
                (
                    [field_id] => 3261
                    [type] => number
                    [name] => MLSPIN_F_BTHS_1
                    [value] => 1
                )

[field_3262] => Array
                (
                    [field_id] => 3262
                    [type] => number
                    [name] => MLSPIN_F_BTHS_2
                    [value] => 1
                )

[field_3265] => Array
                (
                    [field_id] => 3265
                    [type] => price
                    [name] => MLSPIN_GRE
                    [raw] => 58397
                    [unit_id] => 260
                    [value] => $58,397
                    [price_only] => $58,397
                )

[field_3266] => Array
                (
                    [field_id] => 3266
                    [type] => price
                    [name] => MLSPIN_HTE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3267] => Array
                (
                    [field_id] => 3267
                    [type] => number
                    [name] => MLSPIN_H_BTHS_1
                    [value] => 0
                )

[field_3268] => Array
                (
                    [field_id] => 3268
                    [type] => number
                    [name] => MLSPIN_H_BTHS_2
                    [value] => 0
                )

[field_3273] => Array
                (
                    [field_id] => 3273
                    [type] => number
                    [name] => MLSPIN_LEVELS_1
                    [value] => 1
                )

[field_3274] => Array
                (
                    [field_id] => 3274
                    [type] => number
                    [name] => MLSPIN_LEVELS_2
                    [value] => 1
                )

[field_3277] => Array
                (
                    [field_id] => 3277
                    [type] => text
                    [name] => MLSPIN_MAIN_LO
                    [value] => AN2723
                )

[field_3280] => Array
                (
                    [field_id] => 3280
                    [type] => number
                    [name] => MLSPIN_MARKET_TIME_PROPERTY
                    [value] => 24
                )

[field_3281] => Array
                (
                    [field_id] => 3281
                    [type] => price
                    [name] => MLSPIN_MGF
                    [raw] => 7682
                    [unit_id] => 260
                    [value] => $7,682
                    [price_only] => $7,682
                )

[field_3282] => Array
                (
                    [field_id] => 3282
                    [type] => price
                    [name] => MLSPIN_MSE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3285] => Array
                (
                    [field_id] => 3285
                    [type] => price
                    [name] => MLSPIN_OPTIONAL_FEE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3290] => Array
                (
                    [field_id] => 3290
                    [type] => price
                    [name] => MLSPIN_PRICE_PER_SQFT
                    [raw] => 124.83
                    [unit_id] => 260
                    [value] => $125
                    [price_only] => $125
                )

[field_3292] => Array
                (
                    [field_id] => 3292
                    [type] => price
                    [name] => MLSPIN_RFS
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3293] => Array
                (
                    [field_id] => 3293
                    [type] => price
                    [name] => MLSPIN_RME
                    [raw] => 3000
                    [unit_id] => 260
                    [value] => $3,000
                    [price_only] => $3,000
                )

[field_3295] => Array
                (
                    [field_id] => 3295
                    [type] => select
                    [name] => MLSPIN_WATERVIEW_FLAG
                    [value] => No
                )

[field_3301] => Array
                (
                    [field_id] => 3301
                    [type] => select
                    [name] => RoomMasterBathroomFeatures
                    [value] => Yes
                )

[field_3306] => Array
                (
                    [field_id] => 3306
                    [type] => price
                    [name] => GrossScheduledIncome
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3307] => Array
                (
                    [field_id] => 3307
                    [type] => number
                    [name] => MLSPIN_FLRS_1
                    [value] => 1
                )

[field_3308] => Array
                (
                    [field_id] => 3308
                    [type] => number
                    [name] => MLSPIN_FLRS_2
                    [value] => 1
                )

[field_3311] => Array
                (
                    [field_id] => 3311
                    [type] => number
                    [name] => BRE_Total_Parking
                    [value] => 0
                )

[field_3320] => Array
                (
                    [field_id] => 3320
                    [type] => boolean
                    [name] => Waterfront
                    [value] => No
                )

[field_3323] => Array
                (
                    [field_id] => 3323
                    [type] => text
                    [name] => Levels In Unit
                    [value] => 3
                )

)

[unit_level] => 
    [levels_in_unit] => 2025-03-07
    [construction_status] => 
    [laundry_features] => Array
        (
        )

[outdoor_space_available] => Array
        (
        )

[building_name] => 
    [pet_policy] => Array
        (
        )

[building_management] => Array
        (
        )

[number_of_units] => 12
    [units_owner_occupied] => 0
    [parking_features] => Array
        (
        )

[building_amenities] => Array
        (
        )

[owner_occupancy_source] => 
    [documents_available] => Array
        (
        )

[optional_price] => 0
    [optional_fee_includes] => Array
        (
        )

[structure_type] => Array
        (
        )

[complex_complete] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [date_available_note] => 
    [first_month_required] => Array
        (
        )

[last_month_required] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deposit_amount] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => Unit 1(water)
            [1] => Unit 2(water)
        )

[lease_term] => Array
        (
        )

[interior_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[property_sub_type] => Array
        (
            [0] => 5-9 Family
        )

[number_of_lots] => Array
        (
        )

[gas] => Array
        (
        )

[cultivation_acres] => None
    [pasture_area] => None
    [timber_acres] => None
    [perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [association_required] => Array
        (
        )

[view] => Array
        (
        )

[deqe] => 
    [real_estate_tax] => $15,528
    [total_gross_income] => 25800
    [total_gross_expense] => 43479
    [net_income_calc] => -17679
    [cap_rate] => -1.41%
    [apod_available] => Array
        (
            [0] => Yes
        )

[heating_expense] => Array
        (
            [0] => $0
        )

[electric_expense] => Array
        (
            [0] => $613
        )

[water_expense] => Array
        (
            [0] => $10,800
        )

[gas_expense] => Array
        (
            [0] => $10,800
        )

[insurance_expense] => Array
        (
            [0] => $5,856
        )

[sewer_expense] => Array
        (
            [0] => $10,800
        )

[trash_expense] => Array
        (
            [0] => $0
        )

[repair_maintenance_expense] => Array
        (
            [0] => $3,000
        )

[management_expense] => Array
        (
            [0] => $7,682
        )

[miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[unit_1_rent] => Array
        (
            [0] => 1050
        )

[unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_bedrooms] => 2
    [unit_1_bathrooms] => 1 Full
    [unit_1_floor] => 1
    [unit_1_levels] => 1
    [unit_2_rent] => Array
        (
            [0] => 1100
        )

[unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_bedrooms] => 1
    [unit_2_bathrooms] => 1 Full
    [unit_2_floor] => 1
    [unit_2_levels] => 1
    [unit_3_rent] => Array
        (
        )

[unit_3_lease] => Array
        (
        )

[unit_3_bedrooms] => 
    [unit_3_bathrooms] => 
    [unit_3_floor] => 
    [unit_3_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_4_lease] => Array
        (
        )

[unit_4_bedrooms] => 
    [unit_4_bathrooms] => 
    [unit_4_floor] => 
    [unit_4_levels] => 
    [hot_water] => Array
        (
        )

[basement] => Array
        (
        )

[foundation_materials] => Array
        (
            [0] => Concrete Perimeter
        )

[patio_and_porch] => Array
        (
        )

[zoning_details] => 
    [terms] => Array
        (
        )

[financial_data_source] => Array
        (
            [0] => Owner
        )

[operating_expense] => Array
        (
            [0] => $58,397
        )

[gross_income] => Array
        (
            [0] => $158,400
        )

[net_operating_income] => Array
        (
            [0] => $100,003
        )

[short_sale] => 
    [price_per_unit] => 104166.66666667
)

EXIT

7 More Photos

Active Under Contract

93 Florence, Springfield MA 01105

$1,250,000

Annual Expenses for 93 Florence, Springfield MA 01105

Annual Income & Unit Breakdown for 93 Florence, Springfield MA 01105

General Information for 93 Florence, Springfield MA 01105

Interior Features for 93 Florence, Springfield MA 01105

Disclosures for 93 Florence, Springfield MA 01105

Location Information for 93 Florence, Springfield MA 01105

Contact Information for 93 Florence, Springfield MA 01105

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Michael Bradley