New Multi-Family Listing at 51-53 Pasco Rd, Springfield, MATake advantage of this incredible opportunity to own a multi-family home with plenty of space and great income potential. This property features a 5-bedroom unit and a 3-bedroom unit, with the second floor including an attic area that adds two additional bedrooms and a living room, offering flexible space for growing families or rental income.Key Features:5-bedroom unit and 3-bedroom unit, providing ample living space.Second-floor attic area with two additional bedrooms and a living room, ideal for extended family or extra rental potential.Great rental income opportunity to help with mortgage payments.Prime location with easy access to shops, restaurants, parks, and major highways (I-91 & I-291).Whether you're a first-time homebuyer or an investor looking for solid potential, this is the perfect opportunity to own a property with both space and income-generating possibilities.
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Last Updated: March 24th, 2025 at 5:33am
Gross Income: $21,600
Gross Expenses: $447,467
Net Income Calc: $-425,867
CAP Rate: -102.62%
Annual Expenses for 51-53 Pasco Rd, Springfield MA 01151
Total Gross Expenses (Calculated)$447,467/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$447,467
Annual Income & Unit Breakdown for 51-53 Pasco Rd, Springfield MA 01151
Total Gross Income (Calculated)$21,600
Unit 1
Rental Income1800
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesUnit 1(water)
Unit 2
Rental Income0
LeaseN
Bedrooms5
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent IncludesUnit 1(water)
General Information for 51-53 Pasco Rd, Springfield MA 01151
Listing ID73342641
Property TypeMulti Family / 2 Family
Price$415,000 ($157.79/SqFt)
Style
CitySpringfield
CountyHampden
MLS Area
Neighborhood(s)
Approximate Living Area Total2,630 SqFt
Approximate Lot Size (Acres)0.14 acres
Total Parking4
Garage Parking
Year Built1901
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 DescriptionOther
Accessible Features
Outdoor SpaceEnclosed, Patio - Enclosed, Porch
ZoningR1
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 51-53 Pasco Rd, Springfield MA 01151
Disclosures for 51-53 Pasco Rd, 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$21,600
Total Net Income By Broker$21,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation$1000
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Location Information for 51-53 Pasco Rd, Springfield MA 01151
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 51-53 Pasco Rd, Springfield MA 01151