Last Sold Price
16 beds9,370 sqft$45/sqft
474 Liberty St, Springfield, MA 01104

Description

Back on the market as buyer's financing fell through. CASH COW with excellent location and money making opportunity with this 8 family, projected gross annual income of $ 80,000 per year. Property is located less than 2 miles from recently opened grand MGM Casino. Beautiful brick building, 1 unit is vacant and will be rented soon. All units in decent shape with lots of updates with rent increase opportunity for 2 other units. Tenants pay their own gas and electric utilities. One new water heater...Back on the market as buyer's financing fell through. CASH COW with excellent location and money making opportunity with this 8 family, projected gross annual income of $ 80,000 per year. Property is located less than 2 miles from recently opened grand MGM Casino. Beautiful brick building, 1 unit is vacant and will be rented soon. All units in decent shape with lots of updates with rent increase opportunity for 2 other units. Tenants pay their own gas and electric utilities. One new water heater owned by seller. Federal Pacific panels REPLACED with new electrical panels for ALL units and owners. Huge basement available for storage. Conveniently located from shopping complexes, I-291, 1-91, Mass Pike (I-90), public elementary and high school, railway and bus station, laundromat, convenience stores, YMCA, Post Office etc. Property is equipped with emergency lighting in front hallway and back porch, intercom system connected to individual unit for verbal communication.
LISTING CLOSED: 03/28/2019 12:00 AM

  1. Listed by Rehanahmed Peerzada • M B C REALTORS®

Property Details for 474 Liberty Street

Status
MLS #
72244137
Days on Market
475
Taxes
$6,169 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 5-9 Family
Year Built
1916
Town
Springfield
MLS Area
Liberty Heights
Area
MA-Springfield-Liberty Heights, MA-Springfield
Garage Spaces
0
Open Parking Spaces
.00

Location

Listing Courtesy of M B C REALTORS®, Rehanahmed Peerzada

Sold By Thompson Real Estate Group, Tracy Viola

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Building Information for 474 Liberty Street

Stories16Residences8Year Built1916Building Size-Lot Size0.11 AC / 4,909 SF

Payment Calculator

$2,649 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,135

Property Taxes

$514

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 474 Liberty Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship
  • Current Financing: Conv. Fixed
  • Living Area: 9370.0
  • Total Units: 8
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater, Tankless Water Heater, Leased Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
  • Basement Features: Full, Walk Out, Interior Access, Unfinished Basement
  • Num of Baths: 8.0
  • Num of Full Baths: 8
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 8.00
  • Bathrooms Total Integer: 8
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Vinyl
Exterior Features
  • Fencing: Fenced/Enclosed
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Shared Driveway
  • Open Parking: Yes
  • Parking Features: Shared Driveway
Utilities
  • Electric: Individually Metered
  • Green Energy Efficient: Thermostat
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Disclosures: Listing agent is part owner. Certified funds only for deposit with the offer. Seller has old lead compliance certificate,but on recent inspection,as per new regulation,some more work has to be done in units and common areas to get new lead certificates.
Tax Information
  • Tax ID: S:07770 P:0119,2591956
  • Assessments: $313,800
  • Book: 18921
  • Tax Year: 2017
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 16
  • Total Living Levels: 16
Other Building Characteristics
  • Foundation: Brick/Mortar
Income / Expenses
  • Electricity: $668.00
  • GOI: $73,722.00
  • Gross Scheduled Income: $76.00
  • Insurance: $2,588.00
  • GRE: $15,628
  • RFS: $1,938
  • RME: $5,621
  • NOI: $58,094.00
  • Operating Expense: $15,628.00
  • WSE: $4,737.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 4
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: N
  • Levels U4: 4
Rental Info
Rental Info
  • Total Actual Rent: $6,175.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.50
  • Other Agent Compensation: TBD

Property History for 474 Liberty Street

DateEvent & SourcePriceAppreciation
Mar 28, 2019

Sold

MLS PIN #72244137

$420,000
Jan 24, 2019

Under Agreement

MLS PIN #72244137

Jan 24, 2019

Contingent

MLS PIN #72244137

DateEvent & SourcePrice
03/28/2019

Sold

MLS PIN #72244137

$420,000
01/24/2019

Under Agreement

MLS PIN #72244137

01/24/2019

Contingent

MLS PIN #72244137

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

Public Records for 474 Liberty Street

Taxable ValueLand$30,000Additions$735,600Total$765,600
Tax Record2025$12,005 ($1,000 / month)
Home Facts
Total Finished SqFt9,370 SqFtAbove Grade Finished SqFt9,370 SqFtStories4Lot Size4,909 SqFtStyleMulti-Family Res (5+ Units)Year Built1916ZoningR3CountyHAMPDENAPNSPRI S:07770 P:0119

Schools near 474 Liberty 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
Frank H Freedman 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 474 Liberty Street, Springfield, MA 01104
$420,000
16
9,370
4,909
$250,000
16
9,370
4,874
$149,397
9
2,708
6,019
$82,000
3
5,086
7,501
9,516
$149,397
2
2,681
6,020

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 M B C REALTORS®, Rehanahmed Peerzada

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.