Springfield, MA 01108,102-106 Belmont Ave
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Springfield, MA 01108,102-106 Belmont Ave
Springfield, MA 01108,102-106 Belmont Ave
Springfield, MA 01108,102-106 Belmont Ave
Springfield, MA 01108,102-106 Belmont Ave

$1,850,000

Est. payment /mo

$1,900,000

2.6%
Est.Price: ?

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102-106 Belmont Ave Springfield, MA 01108

10,018 Sqft Lot

SOLD DATE : 05/23/2024

Key Details

Sold Price $1,850,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 73214028

Sold Date 05/23/24

HOA Y/N false

Year Built 1924

Annual Tax Amount $24,467

Tax Year 2023

Lot Size 10,018 Sqft

Acres 0.23

Property Description

Don't miss this exceptional 20-unit investment opportunity exclusively offered by The Lisa Cozzi Team! Each unit features a comfortable 2-bedroom, 1-bathroom layout. This property offers the security of a Project-Based Investment through Wayfinders, with a waitlist demonstrating strong tenant demand. The program boasts a 25-year history of annual renewals and provides consistent rent increases of 4% each year. Constructed of sturdy brick, the building features semi-private entrances and a recently replaced roof (4 years old). For added peace of mind, 19 out of 20 units have lead certificates. Notably, one tenant has enjoyed their unit for over 25 years, highlighting the stability of the property.

Location

State MA

County Hampden

Zoning R3

Direction GPS Friendly

Exterior

Utilities Available Public Water, Public Sewer

Waterfront false

Total Parking Spaces 20

Others

Senior Community false

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Listed by Berkshire Hathaway Home Service New England Properties
Bought with Madeline Ceruti • Berkshire Hathaway Home Service New England Properties

Charles King

+1(617) 549-8542

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