Investors take notice and Owner Occupants! This 2-family home in Historic neighborhood is waiting for its next chapter. Large bedrooms, large living rooms with hard wood floors, decent size tiled kitchens with closet panty & baths. The third-floor attic space has been fully renovated with a full bath, living room and bedroom with a separate entryway but only 1 egress. Separate utilities with recent updates in 2019: electric 100amp panels, forced air gas heat, replacement windows etc. 2 car garage, fenced in yard, front and rear porches. Both units are presently occupied with tenants and in move in conditions with very some TLC due to wear and tear. Unit one is paying $1500 a month and would like to stay. Unit 2 is rent is $1750 a month with electric included. Presently unit 2 Fl tenants are behind on their rent for 2 months. Owner has begun the eviction notice to the 2nd floor tenants. Lead Certificates for both units is a plus. OPEN HOUSE Sunday 12-28 12-2pm.
The bigger the project, the bigger the profits! This total rehab is a great opportunity for an investor. Cash or Hard Money only. The Roof is New! Seller will do no repairs. Buyer has the right to inspect! Utilities are not operational. If you are going in the evening bring a flash light!
Fantastic opportunity to own this well-maintained multifamily property featuring strong investment potential. The second-floor unit is currently rented with an income-producing tenant in place, while the first-floor unit may be delivered vacant—perfect for owner-occupants or investors looking to set their own terms. Recent updates include a newer roof and new windows, offering peace of mind for years to come. Don’t miss your chance to secure this versatile property with immediate rental income and long-term growth potential. Located near MGM and Mass Mutual Center.
Income-Producing 2-Family Home – Spacious, Versatile & Ideally Located!Unlock incredible potential with this oversized 2-family property featuring 9 total bedrooms and 3 bathrooms. Whether you’re an investor or an owner-occupant, this home offers a rare opportunity:• Turnkey income from the first-floor unit already rented month-to-month• Second-floor unit delivered vacant at closing – perfect for moving in or placing your own tenant• A multi-level second unit with 2 beds/1 bath on the main level plus 4 bonus rooms and an additional bath on the third floor, creating endless possibilities for extra bedrooms, home offices, or storageLocated just minutes from downtown, MGM Casino, major highways, restaurants, and public transit, this property blends convenience with strong rental appeal.A must-see for buyers looking for space, flexibility, and income power!
Welcome to 201 Main Street in Indian Orchard! A fantastic investment opportunity! This three-family home offers spacious 3-bedroom units on each floor, with one vacant unit ready for an owner-occupant or new tenant. Each apartment features generous layouts, separate utilities, and strong rental potential, making this property a true cash cow. Conveniently located near bus routes, shopping centers, and local amenities, this multifamily is just a 5-minute drive to Boston Road’s new Springfield Crossing Center, offering easy access to restaurants, retail, and more. Whether you’re looking to expand your portfolio or live in one unit while tenants help pay the mortgage, this property is a smart and strategic choice. Don’t miss out on this income-producing gem in a prime Springfield location! Open House Saturday, November 8th 1-2:30pm!
Strong investment property. This downtown Springfield investment property offers a $5,500 monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and eight garage bays that lease at a monthly rate of $150 - $250 each. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are bright with renovated kitchens and a combination of hardwood and laminate flooring. The projected NOI is $55,359 and the cap rate is 12.9%. Located nearby to the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield’s CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30 minute drive time of UMass Amherst and the Five College Area.
Springfield is located in Massachusetts. Springfield, Massachusetts 01105has a population of 155,770. Springfield 01105 is less family-centric than the surrounding county with 17.99% of the households containing married families with children. The county average for households married with children is 23.64%.
The median household income in Springfield, Massachusetts 01105 is $43,308. The median household income for the surrounding county is $61,310 compared to the national median of $69,021. The median age of people living in Springfield 01105 is 33.5 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 14.8 degrees. The average rainfall is approximately 46.3 inches per year, with 40.2 inches of snow per year.
