$499,900 ($93.84 per sqft)

Est. Mortgage $2,462/mo *

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704-708 Sumner Avenue, Springfield, MA, 01108

704-708 Sumner Avenue, Springfield, MA, 01108
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8 rooms

4 beds

2 Full baths

1920

5,327 sqft

Prime Mixed-Use Investment Opportunity! 704-708 Sumner Ave offers a unique opportunity to own a mixed-use property with both commercial and residentialincome potential. The street-level commercial space features excellent frontage, prominent signage, multiple offices, reception and waiting areas, making it idealfor professional, medical, retail, or service-based businesses. Above, residential apartments provide additional income and long-term investment value. Theproperty offers off-street parking, separate utilities, multiple electrical panels, 15 year old roof and a flexible layout suited for owner-occupants and investors alike.Earning $4,700 per month rental income, there is room to increase rents to market rent. Its classic brick exterior provides timeless curb appeal while its high-trafficlocation ensures outstanding visibility. Conveniently located near Forest Park, MGM Springfield, downtown Springfield, & major highways including I-91 & the MATurnpike.

Status:

Active

Type:

Multi-family

Units:

2

Zoning:

B1

Basement:

Full, Unfinished

Levels:

2

Parking:

3-car, Paved Drive

Acreage:

0.11

Est. Taxes:

$6,478

Assessment

$404,900

Lot Description:

Level

MLS #:

73529221

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Maxwell Castrogiovanni, Broker Office Not Found