Mixed Used Opportunity

Multi-Family for Sale
Catylist Listing ID: 30350104
Property Subtypes: Mixed Use
Number of Units: 7 Units
Building Size (RSF): 10,952 SF
Sale Price: $450,000
Unit Price: $64,285.71 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2018

Overview / Comments

Perfect for an Investor or Business Owner looking to owner-occupy! This property is a mixed-use building with 4 residential units, 2 store fronts, and one rear space that could be used as warehouse/industrial space or combined with another unit. The residential units are fully leased, and the commercial units will be delivered vacant and ready for Buyer/Tenant improvements. Res. units are separately metered, and each tenant pays their own utilities. The current owner has updated all electric, furnaces, plumbing, bathrooms and kitchens in the residential units. Asphalt has been replaced, and windows are dual pane thermopane windows. Located in the Liberty Heights neighborhood on a busy street and across from two schools, and conveniently located from shopping complexes, I-291, 1-91, Mass Pike (I-90), railway and bus station, convenience stores, YMCA, Post Office etc. The property has been meticulously maintained over the years, and is definitely a value-add opportunity!

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Additional Details

Nearest MSA: Springfield
County: Hampden
Zoning: R2
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1915
Year Renovated: 2004
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Total Parking Spaces: 8
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,200 153,853 278,254
Median Age: 33.44 33.48 36.89
Households: 9,523 59,416 108,462

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