Rare 3-family home with great potential income & TWO VACANT Units; offering immediate occupancy for owner-occupants or investors or generate rental income @ market value. The 1st & 3rd Floors are VACANT and ready for MOVE IN. The house offers three spacious and convenience units. The 1st and 2nd floor have 3 generously sized bedrooms and additional 4th room that can be used as a bedroom, a spacious living room and kitchen area & full bathroom. The 3rd floor has 2 bedrooms, bath, living room and kitchen. Freshly painted and ready to be occupied. The 1st Floor and 3rd Floor are ready for owner occupancy or market rentals. The tenants on 2nd floor have a lease until 11/30/2025. This 3 family is perfect for any 1st time buyers who want to offset their mortgage with rental income or investors looking to maximize rental potential. The 1st SHOWING will be @ the OPEN HOUSE on Saturday, April 5, 2025 from 11am to 1pm.
This home has been viewed 7 times
Last Updated: April 2nd, 2025 at 4:53am
Gross Income: $19,800
Gross Expenses: $4,866
Net Income Calc: $14,934
CAP Rate: 3.28%
Annual Expenses for 30 Forest Park Ave, Springfield MA 01108
Total Gross Expenses (Calculated)$4,866/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$4,866
Annual Income & Unit Breakdown for 30 Forest Park Ave, Springfield MA 01108
Total Gross Income (Calculated)$19,800
Unit 1
Rental Income0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water, Other (see Remarks)), Unit 2(water, Unit 3(water
Unit 2
Rental Income1650
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water, Other (see Remarks)), Unit 2(water, Unit 3(water
Unit 3
Rental Income0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water, Other (see Remarks)), Unit 2(water, Unit 3(water
General Information for 30 Forest Park Ave, Springfield MA 01108
Listing ID73350382
Property TypeMulti Family / 3 Family
Price$455,000 ($115.19/SqFt)
Style
CitySpringfield
CountyHampden
MLS AreaForest Park
Neighborhood(s)
Approximate Living Area Total3,950 SqFt
Approximate Lot Size (Acres)0.13 acres
Total Parking3
Garage Parking1 / Detached
Year Built1903
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Area0
Foundation DescriptionBrick/Mortar
Accessible Features
Outdoor SpaceDeck - Wood, Deck - Vinyl, Porch
ZoningR2
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 30 Forest Park Ave, Springfield MA 01108
Disclosures for 30 Forest Park Ave, Springfield MA 01108
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureThe 1st & 2nd Floor have additional room that
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$19,800
Total Net Income By Broker$19,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 30 Forest Park Ave, Springfield MA 01108
Elementary SchoolSpringfield
Middle SchoolSpringfiled
High SchoolSpringfield
Neighborhood(s)
MLS AreaForest Park
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, Private School, Sidewalks
Contact Information for 30 Forest Park Ave, Springfield MA 01108