• 0 / 0
  • 10
  • 29109
  • 1950
  • 72
  • 57,935
Active Status Commercial/Industrial
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UNIQUE Multi Family Assemblage of 11 Properties, 39 Units.The package consists of 4 - Single Family properties, 5 - Two Family properties, 1 - Three Family property and a 22 Unit Multi Family property on 334 Boston Rd (Crown Jewell). Value = $2,093,000 Potential Income = $356,900 Vacancy & Credit Loss = ($17,000} The Gross Operating Income = $339,900 Expenses = $117,227. Expenses are 35% of GOI which seems to be below market average, but because rents are above market average Expenses are in line. Net Operating Income = $222,673 Proposed Annual Debt Service = $116,656 ($1,650,000, 5.25% Interest, 25 Year Amortization) Cash Flow Before Taxes = $104,017 Debt Coverage Ratio = 1.88. Banks like to see 1.25 DCR. CAP Rate = 10.64% Loan to Value = 78.83% Cash on Cash Return = 23.48%

Address: 1 various 39
State: MA
City: Springfield
County: Hampden
Zip Code: 01109
MLS#: 72360360
MLS Area:
Taxes: $33,781

Interior Details

  • Appliances:
  • Features:
  • Furnished:
  • Floor Type:
  • Cooling:
  • Heating:
  • Extras:Urban
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
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  • Garage Spaces:
  • Pool:No
  • Utilities:Public Water,Public Sewer
  • Lot Description:
  • Lot Size:Level
  • Parking:Attached,Open,21+ Spaces,On Site

Community Details

  • HOA: $0/mo
    Fees Include:
  • Misc:5+ Residential

Rental Information

  • Rental Income:$339,900
  • Rental Number:0
  • Directions:Various Hill McKnight & Pine Point

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Property Information Last Updated: 7/21/2018 1:48:54 PM
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