Price Reduced 12.00%

$2,199,000 ($98.54 per sqft)

Est. Mortgage $10,547/mo *

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41-49 Belmont Ave, Springfield, MA, 01108

41-49 Belmont Ave, Springfield, MA, 01108
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94 rooms

32 beds

22 Full baths

1925

22,316 sqft

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.

Status:

Active

Type:

Multi-family

Units:

22

Zoning:

R3

Basement:

Full

Levels:

4

Parking:

16-car, Off Street, Paved

Acreage:

0.27

Est. Taxes:

$25,676

Assessment

$1,637,500

Lot Description:

Corner Lot

MLS #:

73422853

Community Info

School Info

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Listing courtesy of David Thompson, Stuart St James, Inc. 617-819-5850