Investment opportunity: Fully leased 6-family property with 2-bed, 1-bath units near downtown Springfield. Recent updates include a mix of fully renovated and updated units, with a new roof installed 5 years ago and several boilers and water heaters recently upgraded. All units have lead certs and separate utilities for heat, electric, and gas. Units 2L and 2R are leased with a lease start date of July 1, joining the other fully occupied units. This property boasts a strong rental history and offers reliable income in Springfield's competitive rental market.
Multi-familyProperty Type
1924Year Built
6,856 sq ftLot Size
$94Price/Sq.Ft.
Listed by Kevin Li• MP Signature Realty LLC
Bought with Kempf-Vanderburgh Realty Consultants• Kempf-Vanderburgh Realty Consultants, Inc.
INVESTOR - CALLING INVESTORS - AS IS WHERE IS - SIDED/BRICK 6 FAMILY ON CORNER - LENDER WILL OFFER FINANCING TO GOOD CREDIT RISKS AT ATTRACTIVE RATE. OPPORTUNITY KNOCKS FOR THE INVESTOR LOOKING FOR NEW PROJECT. SOME UNITS OCCUPIED AND RENT INCOME POSSIBLE - 3 VACANT - MANAGER ON PREMISES GOOD VALUE - GOOD ROOF ...MAKE IT YOURS - SEPARATE UTILITIES AND HEAT EACH UNIT ELECTRIC AND GAS
MLS PIN #70118023
Feb 1, 2005
Sold
$306,052
$46/sq ft
Nov 16, 2004
Listed
$309,000
$46/sq ft
Renovated turnkey six unit in Forest Park. Steps to major highways and downtown. All units are lead compliant. Replacement windows, new roof and gutters. All seperate utilities. $3800/mo income
Public Records
Oct 7, 2004
Sold
$160,000
$24/sq ft
Public Records
Apr 12, 2001
Sold
$140,000
$21/sq ft
Public Records
Feb 18, 2000
Sold
$120,000
$18/sq ft
Public Records
Aug 20, 1981
Sold
$62,500
$9/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$7,649 (+15.7%)
$36,100 + $412,500
$448,600
2022
$6,613 (+15.0%)
$33,800 + $317,600
$351,400
2021
$5,749 (+11.9%)
$30,700 + $273,500
$304,200
2020
$5,136 (+0.6%)
$30,700 + $232,300
$263,000
2019
$5,107 (+5.9%)
$31,700 + $227,800
$259,500
2018
$4,824 (+6.8%)
$31,700 + $213,400
$245,100
2017
$4,518 (+7.0%)
$31,700 + $198,100
$229,800
2016
$4,221 (+3.6%)
$31,700 + $183,000
$214,700
2015
$4,074 (+13.5%)
$31,700 + $175,400
$207,100
2014
$3,591 (+8.5%)
$30,400 + $151,800
$182,200
2013
$3,309 (−0.6%)
$30,400 + $137,500
$167,900
2012
$3,329 (−10.1%)
$30,400 + $137,500
$167,900
2011
$3,705
$45,000 + $145,100
$190,100
Tax history for 3 Leete St
Year
Property tax
Land + Additions
Assessment*
2023
$7,649 (+15.7%)
$36,100 + $412,500
$448,600
2022
$6,613 (+15.0%)
$33,800 + $317,600
$351,400
2021
$5,749 (+11.9%)
$30,700 + $273,500
$304,200
2020
$5,136 (+0.6%)
$30,700 + $232,300
$263,000
2019
$5,107 (+5.9%)
$31,700 + $227,800
$259,500
2018
$4,824 (+6.8%)
$31,700 + $213,400
$245,100
2017
$4,518 (+7.0%)
$31,700 + $198,100
$229,800
2016
$4,221 (+3.6%)
$31,700 + $183,000
$214,700
2015
$4,074 (+13.5%)
$31,700 + $175,400
$207,100
2014
$3,591 (+8.5%)
$30,400 + $151,800
$182,200
2013
$3,309 (−0.6%)
$30,400 + $137,500
$167,900
2012
$3,329 (−10.1%)
$30,400 + $137,500
$167,900
2011
$3,705
$45,000 + $145,100
$190,100
*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
12
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
6,970 Sq. Ft.
Year renovated
—
Sq. Ft.
9,460
Year built
1924
Style
Multi-Family (5+ Unit)
County
Hampden County
APN
2591680
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
RES C
High Density Residential District
Multi-family residential
Permitted uses
Include but are not limited to:
Agriculture
Garden center
Housing-Senior
Housing-Other
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 6
Basement Information
Basement: Full
Interior Features
# of Rooms (Total): 16
Interior Features: Other, Living Room, Kitchen
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: N
Exterior
Building Information
Building Area (Total): 6,650
Construction Materials: Brick, See Remarks
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Actual,Approximate
Lead Paint: Certified Treated
Exterior Features
Patio And Porch Features: Porch, Enclosed
Property Information
PropertySubType: 5-9 Family
Lot Information
Lot Size (Acres): 0.16
Lot Features: Corner Lot
Financial
Tax Information
Tax Annual Amount: $7,649
Tax Year: 2023
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Location
Location Information
Directions: Longhill St or Fort Pleasant Ave to Leete St
UnparsedAddress: 3 Leete St, Springfield MA 01108
Community Information
Senior CommunityYN: No
Community Features: Public Transportation
Public facts
Beds: 12
Baths: —
Sq. Ft.: 9,460
Stories: 2.0
Lot Size: 6,970 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1924
Year Renovated: —
County: Hampden County
APN: 2591680
Home facts updated by county records on Jul 19, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Springfield Public Day Elementary School
Public 1-5 • Assigned • 2.3mi
2/10
Forest Park Middle School
Public 6-8 • Assigned • 0.8mi
3/10
Springfield High School
Public 9-12 • Assigned • 1.0mi
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Springfield, MA • 01108
Average low and high temperatures (°F)
32
18
35
19
52
32
62
41
70
51
82
61
87
67
82
59
76
56
66
44
52
35
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.