Sold
Last Sold Price
6 beds2,240 sqft$99/sqft
38-40 Rapalus St, Springfield, MA 01151
Multi FamilyProperty Type
5,641 sq ftLot Size
1925Year Built
$99/sq ftPrice per sq ft
8 carsParking Spaces

Description

Great location for this investment opportunity. This 2 family house is situated in Indian Orchard close to Wilbraham and Ludlow Town Lines. Many improvements have been made to this property making it a smart, low maintenance investment choice. The first floor unit features 5 rooms, 2 bedrooms and full bathroom. The second floor has a similar layout with 5 rooms, 2 bedrooms, full bathroom and pantry. Both units could potentially be used as 3 bedrooms, as public record states 6 bedrooms. Hardwood floors...Great location for this investment opportunity. This 2 family house is situated in Indian Orchard close to Wilbraham and Ludlow Town Lines. Many improvements have been made to this property making it a smart, low maintenance investment choice. The first floor unit features 5 rooms, 2 bedrooms and full bathroom. The second floor has a similar layout with 5 rooms, 2 bedrooms, full bathroom and pantry. Both units could potentially be used as 3 bedrooms, as public record states 6 bedrooms. Hardwood floors carry throughout each unit. Replacement windows, vinyl siding and porch columns and flooring were done in 2013 (APO). The 2nd floor gas boiler was replaced in 2016 and the 1st floor gas forced hot air furnace was replaced in 2012. There is plenty of off street parking and a 3 bay garage. This property is fully rented with positive cash flow.
  • Listed by: Leslie Brunelle • NRG Real Estate Services, Inc.
Listing closed: 09/23/2019 12:00 AM • Source: MLS PIN, MLS#: 72505685

Recent comparable sales

Median sold price

$415,000

Avg days on market

20

Sale-to-list ratio

99.8%

Springfield, MA

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Location

Listing Courtesy of NRG Real Estate Services, Inc., Leslie Brunelle

Sold By HRA Realty, LLC, Team HRA

Add your commute

Payment Calculator

$1,415 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,128

Property Taxes

$286

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 38-40 Rapalus Street

Property Details
  • Taxes: $3,434 / year
  • MLS Type: Multi-family / 2 Family
  • Town: Springfield
  • MLS Area: Indian Orchard
  • Area: MA-Springfield-Indian Orchard, MA-Springfield
  • Garage Spaces: 3
  • Open Parking Spaces: 8.00
  • Parking Spaces Total: 8
Building Information
  • Stories: 3
  • Residences: 2
  • Year Built: 1925
  • Lot Size: 0.13 AC / 5,641 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Highway Access
  • Current Financing: FHA
  • Living Area: 2240.0
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Basement Features: Full, Interior Access, Concrete Floor
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Vinyl, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Features: Storage, Unit 1(Ceiling Fans), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room
  • Laundry Features: Washer Hookup
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Porch, Porch - Enclosed
  • Lot Description: Gentle Sloping
  • Patio And Porch Features: Porch, Enclosed
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 3.00
  • Garage: Yes
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Circuit Breakers, Individually Metered
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: There currently are no doors to the garage and is being sold "as is"
Tax Information
  • Tax ID: 2603110
  • Assessments: $174,500
  • Book: 14947
  • Tax Year: 2018
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Block
Income / Expenses
  • GOI: $24,900.00
  • Insurance: $1,706.00
  • GRE: $3,212
  • RFS: $185
  • NOI: $24,900.00
  • Operating Expense: $3,212.00
  • WSE: $1,321.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $2,075.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1

Property History for 38-40 Rapalus Street

DateEvent & SourcePriceAppreciation
Sep 23, 2019

Sold

MLS PIN #72505685

$222,000
Jul 22, 2019

Under Agreement

MLS PIN #72505685

Jul 22, 2019

Contingent

MLS PIN #72505685

DateEvent & SourcePrice
09/23/2019

Sold

MLS PIN #72505685

$222,000
07/22/2019

Under Agreement

MLS PIN #72505685

07/22/2019

Contingent

MLS PIN #72505685

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

Public Records for 38-40 Rapalus Street

Taxable ValueLand$41,100Additions$258,600Total$299,700
Tax Record2024$4,813 ($401 / month)
Home Facts
Baths2.5Total Finished SqFt2,240 SqFtAbove Grade Finished SqFt2,240 SqFtStories2Lot Size5,641 SqFtStyleDuplexYear Built1925ZoningR2CountyHAMPDENAPNSPRI S:10085 P:0009

Schools near 38-40 Rapalus 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
Indian Orchard Elementary School
PublicPK to 5

John F Kennedy Middle School
Public6 to 8

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 NRG Real Estate Services, Inc., Leslie Brunelle

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.