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$194,413
Total Beds: 4 Total Baths: 2
Total Units: 2 SQFT: 1880
LOT size: 0.06 Acres
48-50 Clifton Ave
Springfield, MA 01105

Property Description

Are you currently RENTING? Stop paying someone else's mortgage and let this two-family home create financial freedom for you! Are you a current INVESTOR? This building doesn't qualify for VA or FHA, but could you 1031 Exchange this into your portfolio? Can you say reliable cash flow? The tenants have lived here for 15 years and are up-to-date on rent. This building has newer windows, a newer first floor water heater, and a 10 year old roof, which means the current owner has gotten some major updates out of the way for you! Lastly, the 3rd floor space could be finished to create additional living space for the second floor unit. Call today to schedule your private showing and make this property your next income-producing asset.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Levels: 2
  • Total Rooms: 8
  • RMS: 8
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Amenities: Public Transportation
  • Basement Features: Full
  • Common Rooms: Other (See Remarks)

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 9000
  • Gross Expenses: 351
  • Electric Expenses: 30
  • Sewage: 12
  • INSC: 309
  • Net Operating Income: 8649

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Rooms: 4
  • Floors: 1
  • Bedrooms: 2
  • Full Baths: 1
  • Levels: 1

Unit 2 Description

  • Rent: 750
  • Under Lease: No
  • Rooms: 4
  • Floors: 2
  • Bedrooms: 2
  • Full Baths: 1
  • Levels: 2

Construction

  • Year Built: 1914
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated

Other Information

  • MLS ID# 72908458
  • Last Updated: 10/22/21

Mortgage Calculator

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Map

Seller's Representative: Team 413, William Raveis Team 413

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2021-10-22 14:32:18

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