Huge Price Drop!! Potential to earn $5,800+ monthly rental income! Undervalued 6 unit building consisting of 2 retail storefronts and 4 residential units under $250K! Steady long-term rental income from 2 storefront units leased until 6/2025 by pizza store at current monthly rent of $2,400 w/ annual rent increases. Pizza store has additional 5-year renewal option (from 6/2025 - 6/2030) at monthly rent from $2,700 - $2,900. Custom renovate the 4 apartments and earn almost $6K per month of rental income making this undervalued building a cash cow!
Off market
$649,200
447-451 State St, Springfield, MA 01105
8beds
7,143sqft
MultiFamily
Built in 1900
-- sqft lot
$649,200 Zestimate®
$91/sqft
$2,161 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Heating
- Other
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 7,143 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 3,484 sqft
Details
- Parcel number: SPRIS11110P0568
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Springfield
Other
Other facts
- Lot Description: Level
- Foundation: Other (see Remarks)
- Mf Type: 5-9 Family
- CONTINGENCY_TYPE: Pending P&S
Services availability
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$649,200
2% more+ $12,984
With Zillow Showcase(estimated)
$662,184