41-49 Belmont Ave new Save Request In-Person Tour Request Virtual Tour
Springfield,MA 01108
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 22,316 sqft
Price per Sqft $111
MLS Listing ID 73422853
Bedrooms 32
Full Baths 22
Year Built 1925
Annual Tax Amount $25,676
Tax Year 2024
Lot Size 0.270 Acres
Property Sub-Type 5+ Family - 5+ Units Side by Side
Property Description
I am excited to introduce this tremendous investment opportunity in the heart of the historic Forest Park. The Property enjoys strong historical occupancy and has undergone renovations to most of the units leaving room for additional rent increases, already grossing over $258,000 annually the building offers a remarkable 22-unit property with a substantial 22,316 square feet of living space. 41-49 Belmont consists of a four-story brick building with 20 residential units comprised of 8 2-bedroom/1 bath units, 8 1-Bedroom/1-Bath units, 4 Studio units and a separate two-family with (2) 2 bedroom/ 1 bath units. updated hot water systems and 95% HTP condensing Hot water heater. The Property also offers a parking lot and an on site laundry facility. Residents will appreciate the convenience of nearby shops, restaurants, parks, and access to downtown Springfield, making it an ideal choice for small families and professionals. With Springfield's growth now is the time to stake your claim.
Location
State MA
County Hampden
Zoning R3
Building
Lot Description Corner Lot
Story 4
Foundation Brick/Mortar
Sewer Public Sewer
Water Public