Last Sold Price
8 beds11,628 sqft$83/sqft
181-187 Chestnut St, Springfield, MA 01103

Description

Owner requesting all interested parties submit offers by Wednesday January 4, 2023 at 5pm. Once in a life-time investment opportunity! Own this amazing 11 Unit mixed-use commercial & residential building in the heart of Downtown Springfield, MA close to MGM Casino and 3 blocks from Union Station Transportation Center, the busiest Amtrak station in the State of Massachusetts outside of Boston and target location for the new high speed rail between Springfield & Boston. The brick building has recently...Owner requesting all interested parties submit offers by Wednesday January 4, 2023 at 5pm. Once in a life-time investment opportunity! Own this amazing 11 Unit mixed-use commercial & residential building in the heart of Downtown Springfield, MA close to MGM Casino and 3 blocks from Union Station Transportation Center, the busiest Amtrak station in the State of Massachusetts outside of Boston and target location for the new high speed rail between Springfield & Boston. The brick building has recently been completely renovated and is a showpiece property in the City. Three story high, brick building with 3 fully rented store fronts and 8 (1) bedroom apartments with hardwood flooring. The building is fully sprinklered. All of the utilities are separate. The common areas have a mixture of wood, brick and beautiful lighting. The apartments are in great condition with open floor plan, high ceilings, oversized windows bringing in lots of natural light. Income and Expense Sheet is attached
LISTING CLOSED: 02/09/2023 12:00 AM

  1. Listed by Anthony Ardolino • Berkshire Hathaway HomeServices Realty Professionals

Property Details for 181-187 Chestnut Street

Status
MLS #
73042429
Days on Market
71
Taxes
$11,198 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 5-9 Family
Year Built
1900
Town
Springfield
Area
MA-Springfield
Garage Spaces
0
Open Parking Spaces
6.00
Parking Spaces Total
6

Location

Listing Courtesy of Berkshire Hathaway HomeServices Realty Professionals, Anthony Ardolino

Sold By ROVI Homes, Tunde Gyorgy

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Building Information for 181-187 Chestnut Street

Stories6Residences11Year Built1900Building Size-Lot Size0.12 AC / 5,249 SF

Payment Calculator

$5,813 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,880

Property Taxes

$933

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 181-187 Chestnut Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Private School, T-Station, University
  • Current Financing: Conv. Fixed
  • Living Area: 11628.0
  • Color: Brick
  • SqFt with Basement: No
  • Total Units: 11
  • Waterfront: No
  • Year Built Details: Approximate,Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Electric Water Heater
  • Basement Features: Full
  • Num of Baths: 11.0
  • Num of Full Baths: 11
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 11.00
  • Bathrooms Total Integer: 11
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Hardwood
Exterior Features
  • Construction: Brick
  • Exterior Features: Deck
  • Lot Description: Corner Lot
  • Patio And Porch Features: Deck
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Circuit Breakers
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: S:02750 P:0513,2578178
  • Assessments: $595,000
  • Book: 17588
  • Tax Year: 2022
  • Zoning: B3
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Brick/Mortar
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $118,740.00
  • NOI: $91,855.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 0
  • Levels U3: 0
Unit 4 Description
  • Floor U4: 2
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $9,895.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5%
  • Selling Broker Comp: 2.5%
  • Other Agent Compensation: 0

Property History for 181-187 Chestnut Street

DateEvent & SourcePriceAppreciation
Feb 9, 2023

Sold

MLS PIN #73042429

$960,000
Jan 19, 2023

Price Change

MLS PIN #73042429

$999,100
Jan 19, 2023

Under Agreement

MLS PIN #73042429

DateEvent & SourcePrice
02/09/2023

Sold

MLS PIN #73042429

$960,000
01/19/2023

Price Change

MLS PIN #73042429

$999,100
01/19/2023

Under Agreement

MLS PIN #73042429

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 181-187 Chestnut Street

This home is within Springfield School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicPK to 5

Putnam Vocational Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Realty Professionals, Anthony Ardolino

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.