The search is over-- 14 Arbutus is the two-family home you've been looking for! With the first floor vacant, this is a perfect opportunity for an owner occupied home and the gateway to financial freedom for many investors! This property is easily accessible and conveniently located just a stones throw from highways and many area amenities. The first floor unit has two bedrooms and a total of four bedrooms on the second and third floor. Schedule your appointment today!
You can't beat this price and returns on investment!!!!! Great two family with 8 bedrooms. First floor is 3 bedrooms and 2nd floor unit is 5 bedrooms. Both units have lead certificates and gas heat. At current rents this property produces a 33% cash on cash return and is a 12.88 Cap rate at the asking price. It is currently fully rented for an investor or can be delivered with one empty unit for an owner occupient. Come see this property today before it is gone.
Public Records
Jul 30, 2009
Sold
$32,131
$15/sq ft
MLS PIN #70806456
Jul 30, 2009
Sold
$28,000
$13/sq ft
Aug 13, 2008
Listed
$39,900
$18/sq ft
Bank owned 2 Family with 5 rms, 2 bdrms in each unit, part. fenced yard. All offers must have "Proof of Funds" or "Pre-Approval" letter with a minimum deposit of $1,000. Property is sold in "as-is/where-is" condition. Seller will not give any credits or do any repairs post inspections. Buyer is to verify all information and the use of property. Utilities will not be turned on by the seller, buyer or buyer’s agent. Seller is offering a 2% of sales price bonus to Buyer's agent at closing.
MLS PIN #20037190
Sep 1, 1993
Sold
$51,000
$23/sq ft
Mar 1, 1993
Listed
$49,900
$23/sq ft
Public Records
May 18, 1992
Sold
$62,400
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$3,309 (+6.6%)
$27,300 + $166,800
$194,100
2022
$3,103 (+9.1%)
$25,500 + $139,400
$164,900
2021
$2,844 (−0.9%)
$23,200 + $127,300
$150,500
2020
$2,871 (+5.4%)
$23,200 + $123,800
$147,000
2019
$2,724 (+18.5%)
$23,200 + $115,200
$138,400
2018
$2,299 (+6.0%)
$23,200 + $93,600
$116,800
2017
$2,168 (+9.7%)
$23,200 + $87,100
$110,300
2016
$1,976 (+4.2%)
$23,200 + $77,300
$100,500
2015
$1,896 (−0.3%)
$23,200 + $73,200
$96,400
2014
$1,902 (+7.6%)
$18,900 + $77,600
$96,500
2013
$1,768 (−3.7%)
$17,000 + $72,700
$89,700
2012
$1,836 (+3.0%)
$18,900 + $73,700
$92,600
2011
$1,783
$19,600 + $71,900
$91,500
Tax history for 14 Arbutus St
Year
Property tax
Land + Additions
Assessment*
2023
$3,309 (+6.6%)
$27,300 + $166,800
$194,100
2022
$3,103 (+9.1%)
$25,500 + $139,400
$164,900
2021
$2,844 (−0.9%)
$23,200 + $127,300
$150,500
2020
$2,871 (+5.4%)
$23,200 + $123,800
$147,000
2019
$2,724 (+18.5%)
$23,200 + $115,200
$138,400
2018
$2,299 (+6.0%)
$23,200 + $93,600
$116,800
2017
$2,168 (+9.7%)
$23,200 + $87,100
$110,300
2016
$1,976 (+4.2%)
$23,200 + $77,300
$100,500
2015
$1,896 (−0.3%)
$23,200 + $73,200
$96,400
2014
$1,902 (+7.6%)
$18,900 + $77,600
$96,500
2013
$1,768 (−3.7%)
$17,000 + $72,700
$89,700
2012
$1,836 (+3.0%)
$18,900 + $73,700
$92,600
2011
$1,783
$19,600 + $71,900
$91,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
6
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Sq. Ft.
2,122
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Hampden County
APN
2571408
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
RES A
Low Density Residential District
Low density residential, primarily single-family detached
Green Energy Efficient : Thermostat, Varies per Unit
Lot Information
Lot Size (Acres): 0.11
Lot Features: Cleared, Level
Road Surface Type: Paved
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $2,724
Tax Year: 2019
Utilities
Utility Information
Utilities: for Gas Range, Washer Hookup, Varies per Unit
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers
Heating & Cooling
Has Heating
Heating: Forced Air, Natural Gas
Heating Units: 2
Location
Location Information
Directions: Off Tapley and Bay Street
UnparsedAddress: 14 Arbutus St, Springfield MA 01109
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, University
Public facts
Beds: 6
Baths: 2.0
Sq. Ft.: 2,122
Stories: 2.0
Lot Size: 4,792 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1910
Year Renovated: —
County: Hampden County
APN: 2571408
Home facts updated by county records on Jul 19, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Alfred G Zanetti School
Public PreK-8 • Assigned • 1.5mi
6/10
STEM Middle Academy
Public 6-8 • Assigned • 0.6mi
3/10
Springfield Central High School
Public 9-12 • Assigned • 0.7mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Springfield, MA • 01109
Average low and high temperatures (°F)
32
17
35
18
52
31
62
41
70
50
83
61
87
67
83
59
77
55
66
44
52
34
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$352,000 – $425,000
Sell confidently with a local market expert in Springfield. 3 minutes to get started.