Investors Take Notice! This 6 family home has been totally remodeled in 2016, as per previous owner, with newer roof, heating systems, kitchens, baths, plumbing, electricity, rear porch and decking, large parking lot in rear of home for tenants convenience. All the units have been lead certified. Tenants pay separate utilities. One unit is left vacant for showings for the sale all other units will be available for interested parties. Convenient location makes this a great rental or owner occupied property!
Multi-familyProperty Type
1895Year Built
$69Price/Sq.Ft.
10 spacesParking
Listed by Bette Lord-Hess• ERA M Connie Laplante Real Estate
Bought with Madeline Ceruti• Berkshire Hathaway Home Service New England Properties
6 family cash cow. 9.92 cap rate! There are four 2 bed units and two 1 bed units. This property was remodeled top to bottom in 2016. New roof, heating systems, kitchens, baths, plumbing and electric. A new rear porch was also put on at that time. All the units have lead certs in place. Five of the 6 units are currently occupied. One unit has been left vacant for the sale. The building has hardwired smoke detectors and a fire alarm panel system. BACK ON THE MARKET. BUYER'S 1031 FELL THRU.
MLS PIN #70140964
Jul 28, 2005
Sold
$305,000
$39/sq ft
Feb 1, 2005
Listed
$305,000
$39/sq ft
REDUCED PRICE FOR A QUICK SALE. - POSSIBLE 2ND LOAN COMPLETELY REBUILT 6 UNIT BUILDING,WITH NEW WINDOWS,NEW BOILERS, NEW SIDING WITH STONE EXTERIOR,NEW SECURED FENCE,NEWER ROOF,ALL YOU HAVE TO DO IS COLLECT RENT. BUILDING COMPLETELY DELEADED. CASH COW -LOW MAINTENANCE, HIGH INCOME, LEAD CERTS. SIX 2 BDRM UNITS. ALL SEPARATE UTILITIES. FENCED IN PRIVATE PARKING LOT. EFFICIENT GAS STOVE, HEAT AND FORCED GAS HOT AIR. EMERGENCY LIGHTS, HARD WIRE HEAT DETECTOR WITH CONTROL PANEL IN BASEMENT
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Hampden County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 22, 2021.
BUS B
Service Business District
General business services that are more intense in nature than those in Business A. It is also applied to properties that provide services to heavier industrial land uses, but are not themselves industrial in nature
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Property details
Parking
Parking Information
Has Open Parking
Parking Spaces: 10
Parking Features: Paved Drive, Paved
Interior
Bathroom Information
# of Bathrooms (Full): 6
Basement Information
Basement: Full, Bulkhead
Fireplace Information
Has Fireplace
# of Fireplaces (Total): 2
Interior Features
# of Rooms (Total): 22
Interior Features: Lead Certification Available
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #4 Information
# of Levels: 2
Lease: N
Exterior
Building Information
Building Area (Total): 7,736
Foundation Details: Stone, Brick/Mortar
Construction Materials: Frame
Stories (Total): 6
Year Built Source: Public Records
Year Built Details: Actual
Color: Tan
Lead Paint: Certified Treated
Exterior Features
Roof: Shingle
Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down
Lot Information
Road Surface Type: Paved
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $6,146.28
Tax Year: 2021
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers
Location
Location Information
Directions: On Bay Street
UnparsedAddress: 345-347 Bay Street, Springfield MA 01109
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Public School
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Hampden County
APN: —
Home facts updated by county records on Apr 22, 2021
Other
Listing Information
Exclusions: Any Property That Belongs To Tenants.
StandardStatus: Closed
Around this home
Schools
Rebecca M Johnson School
Public PreK-5 • Assigned • 0.3mi
4/10
STEM Middle Academy
Public 6-8 • Assigned • 0.7mi
3/10
High School of Science and Technology (Sci-Tech)
Public 9-12 • Assigned • 0.8mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 99° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
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.