Come check out this great professionally managed investment opportunity! This 3 family which is fully occupied and has many updates including a newer roof. Short distance to Starbucks, McDonalds, MGM Casino, and major highway. This property also has its own driveway with a two-car garage and small backyard. Tenants pay their own utilities. Each unit has its own newer gas force hot air heating. Lead Certs for all 3 units. This property produces over $53,700 in revenue! Schedule a showing today!
Multi-familyProperty Type
1897Year Built
4,430 sq ftLot Size
$147Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Heung Poon• MP Signature Realty LLC
Bought with Richard Machado• Fidelis, The Buyer's Agent
Investors take notice! This 3 family in the South End of Springfield near the new community center is fully occupied and cash flowing at an UNBEATABLE PRICE. Newer roof and some updates on the 2nd and 3rd floor, the exterior and 1st floor will need some updating. This one won't last, highest and best offers by Monday 3/29/2021. Tenants need 24 hour notice.
Public Records
May 23, 2019
Sold
$90,000
$30/sq ft
MLS PIN #30061890
Oct 31, 1995
Sold
$57,000
$19/sq ft
Aug 4, 1995
Listed
$59,900
$20/sq ft
VERY WELL MAINTAINED 3 FAMILY ON DEAD END ST. HIGH TIN CEILINGS, HUGE UPDATED KITCHENS AND UPDATED BATHS PLUS FORMAL DINING ROOM. INCREDIBLE 2C GAR (NEWER) SEPARATE UTILITIES. 2 HOT WATER TANKS RENTED @9.50/MOS/TANK
Year
Property tax
Land + Additions
Assessment*
2023
$3,652 (−1.8%)
$21,500 + $192,700
$214,200
2022
$3,719 (+8.7%)
$19,500 + $178,100
$197,600
2021
$3,421 (−7.3%)
$17,800 + $163,200
$181,000
2020
$3,691 (+7.5%)
$17,800 + $171,200
$189,000
2019
$3,432 (+10.9%)
$17,800 + $156,600
$174,400
2018
$3,096 (+4.3%)
$17,800 + $139,500
$157,300
2017
$2,969 (+9.2%)
$15,600 + $135,400
$151,000
2016
$2,719 (+11.1%)
$15,600 + $122,700
$138,300
2015
$2,447 (−0.9%)
$15,600 + $108,800
$124,400
2014
$2,468 (+0.2%)
$16,700 + $108,500
$125,200
2013
$2,462 (+0.2%)
$16,700 + $108,200
$124,900
2012
$2,457 (−4.8%)
$16,700 + $107,200
$123,900
2011
$2,582
$24,200 + $108,300
$132,500
Tax history for 38 Rutledge Ave
Year
Property tax
Land + Additions
Assessment*
2023
$3,652 (−1.8%)
$21,500 + $192,700
$214,200
2022
$3,719 (+8.7%)
$19,500 + $178,100
$197,600
2021
$3,421 (−7.3%)
$17,800 + $163,200
$181,000
2020
$3,691 (+7.5%)
$17,800 + $171,200
$189,000
2019
$3,432 (+10.9%)
$17,800 + $156,600
$174,400
2018
$3,096 (+4.3%)
$17,800 + $139,500
$157,300
2017
$2,969 (+9.2%)
$15,600 + $135,400
$151,000
2016
$2,719 (+11.1%)
$15,600 + $122,700
$138,300
2015
$2,447 (−0.9%)
$15,600 + $108,800
$124,400
2014
$2,468 (+0.2%)
$16,700 + $108,500
$125,200
2013
$2,462 (+0.2%)
$16,700 + $108,200
$124,900
2012
$2,457 (−4.8%)
$16,700 + $107,200
$123,900
2011
$2,582
$24,200 + $108,300
$132,500
*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
8
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
4,356 Sq. Ft.
Year renovated
—
Sq. Ft.
3,815
Year built
1897
Style
Multi-Family (2-4 Unit)
County
Hampden County
APN
2604495
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
Parking
Parking Information
Has Garage
# of Garage Spaces: 2
# of Covered Spaces: 2
Parking Spaces: 4
Interior
Bathroom Information
# of Bathrooms (Full): 3
Basement Information
Basement: Full
Interior Features
# of Rooms (Total): 16
Unit #1 Information
Lease: Y
Unit #2 Information
Lease: Y
Unit #3 Information
Lease: Y
Exterior
Building Information
Building Area (Total): 3,041
Foundation Details: Brick/Mortar
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Approximate
Lead Paint: Certified Treated
Property Information
PropertySubType: 3 Family - 3 Units Up/Down
Lot Information
Lot Size (Acres): 0.1
Financial
Tax Information
Tax Annual Amount: $3,652
Tax Year: 2023
Utilities
Utility Information
Utilities: for Gas Range
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Heating
Heating: Forced Air, Natural Gas
Heating Units: 3
Cooling Units: 0
Location
Location Information
Directions: Off Main Street / GPS - 38 Rutledge Ave. Springfield MA
UnparsedAddress: 38 Rutledge Ave, Springfield MA 01105
Community Information
Senior CommunityYN: No
Public facts
Beds: 8
Baths: 3.0
Sq. Ft.: 3,815
Stories: 2.0
Lot Size: 4,356 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1897
Year Renovated: —
County: Hampden County
APN: 2604495
Home facts updated by county records on Jul 20, 2023
Other
Miscellaneous Information
Heat Zones: 3
Listing Information
StandardStatus: Closed
Around this home
Schools
Springfield Public Day Elementary School
Public 1-5 • Assigned • 1.9mi
2/10
South End Middle School
Public 6-8 • Assigned • 0.3mi
3/10
High School Of Commerce
Public 9-12 • Assigned • 0.9mi
2/10
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
5/10 Heat Factor
7 days above 98° expected this year, 16 days in 30 years
5/10 Wind Factor
26% 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 • 01105
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.
9.1 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$426,000 – $516,000
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