Turn-key 6-family investment in Springfield generating over $91K in annual gross rental income. All six units are currently rented, offering immediate cash flow. The property includes two 2-bedroom units and four oversized 1-bedroom units, each with a bonus office/den. Most units have been renovated with new vinyl plank flooring, updated kitchens, and modernized bathrooms. Tenants pay all utilities, with separate electric and gas meters; owner covers water/sewer. Lead certificates are available for two units. Situated on a 10,000 sq ft lot with a paved parking area for 12 vehicles, offering potential for additional rental income or future development. Professionally managed and well-maintained, this asset presents strong cash flow with long-term upside.
- Heating System:
- Electric
- Basement:
- Full, Unfinished
- Parking:
- Off Street, Paved, Paved Drive
- Appliances:
- Range, Refrigerator
- Construction:
- Frame
- Flooring:
- Wood, Vinyl, Carpet, Varies
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- NEW recent improvements:2ND FLR Central A/C heat pump/Roof/Gutters
- Electric Feature:
- Circuit Breakers, Individually Metered, Common
- Garage Parking
- Interior Features:
- Kitchen, Upgraded Cabinets, Bathroom With Shower Stall, Bathroom With Tub, Office/den, Living Room, Remodeled
- Lead Paint:
- Unknown, Certified Treated
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
- Market Time:
- 119
- Parking Spaces:
- 12
- Tax Year:
- 2024
- Status:
- Closed
- Price Per Sqft:
- $102
- Zoning:
- R2
- No Units:
- 6
- Orig Price:
- $679,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Springfield
- State:
- MA
- County:
- Hampden
- Postal Code:
- 01108
- Longitude:
- W73° 26' 43.5''
- Latitude:
- N42° 5' 36.3''
Residential Income
403 Orange St, Springfield, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $679,000
- Bedrooms :
- 8
- Rooms :
- 24
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 6,400 Sqft
- Year Built :
- 1911
- Lot Area :
- 0.23 Acre
- Listing ID :
- 73362578
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
