Prime Investment Opportunity on Michon St – Subdividable Lot with Endless Potential!Discover this .24-acre flat, cleared parcel offering exceptional flexibility and value. With 106 feet of frontage, this property can be divided into two separate lots, each available for $100,000 — an ideal setup for building two duplexes, single-family homes, or multi-family or industrial building. Backing up to 105 Dubois St, the lot is conveniently located and ready for development. The seller already holds an easement for connection to city water and sewer, streamlining the building process.The seller is also willing to separate and divide the parcel should a buyer wish to purchase just one lot instead of the full .24-acre parcel. Whether you’re an investor, builder, or developer, this property offers multiple paths for opportunity and strong potential returns.
0 Michon Street, Springfield, (Indian Orchard), MA, 01151
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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