Presenting an exceptional multi-family property located at 438 Springfield, Agawam, MA. Constructed in 1965, this expansive 7680 square foot, meticulously maintained for immediate occupancy. This property embodies a distinct opportunity for sophisticated living or strategic investment. This distinguished property encompasses 16 well-appointed bedrooms, each designed to provide comfort and privacy. Complementing these living quarters are 16 full bathrooms, ensuring ample facilities for all residents. Spanning 2.0 stories, this residence is situated on a generous 13,440 square foot lot. The property's condition is characterized by its welcoming atmosphere, offering a seamless transition for new occupants. Discover the potential and refined living offered by this meticulously maintained multi-family residence. Fully rented and new heat pumps in all units. Laundry brings appox $150/month
22-unit studio apartment building with strong cash flow and value-add potential. T-12 through May 2026 reflects approximately $189,000 NOI. Property features numerous upgrades, including plank flooring, LED lighting, composite decking, and four sets of coin-operated laundry equipment generating additional income. Opportunity exists to further increase revenue through operational improvements, potential heat pump installation, and possible expansion of basement space (subject to buyer verification, permits, and approvals).Property appraised at approximately $2.5M in 2023 prior to subsequent improvements and rent growth initiatives. Located in a desirable rental market with limited multifamily inventory. Seller financing, hard money, sale-leaseback, and other creative structures may be considered.
