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$249,900
447-451 State St.
Springfield, MA 01105
8 Beds   5 Baths
7,143 SqFt
3,318 SqFt Lot
0.0762 Acres
Multi-Family


Status:Active
Huge price drop!! Potential to earn $5,800+ monthly rental income! Undervalued 6 unit building consisting of 2 retail storefronts and 4 residential units under $250k! Steady long-term rental income from 2 storefront units leased until 6/2025 by pizza store at current monthly rent of $2,400 w/ annual rent increases. Pizza store has additional 5-year renewal option (from 6/2025 – 6/2030) at monthly rent from $2,700 - $2,900. Custom renovate the 4 apartments and earn almost $6k per month of rental income making this undervalued building a cash cow!
Basics
Property Type:   Multi-Family
Bedrooms:   8
Baths:   5
Living Space:   7,143 SqFt
Lot Size:   3,318 SqFt Lot
Lot Acres:   0.0762 Acres
Year Built:   1900
MLS#:   72555674
     
Home Features
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Listing Agent: Sophie Kozaczka    Listing Broker: Keller Williams Realty Greater Worcester    Agent Phone: 7746960693    Broker Phone: 5087543020   

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