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1162-1172 Springfield Street, Feeding Hills, MA 01030

Commercial property for sale

  • Description
  • The Carriage House Apartments consist of 44 garden-style apartments built about 1970. There are two 2 & 2 1/2 story brick buildings. 1162 Springfield Street contains 26 units; 1172 Springfield Street contains 18 units. All the units are studios containg about 300 square feet. 1162 Springfield Street tenants pay their electric heat and electric with the owner providing gas hot water, 1172 Springfield Street rents includes heat and hot water with tenants paying their own electric. The average rent in 1162 Springfield Street is $415; 1172 Springfield Street average rent is $455. Ideal location, the property is within walking distance of a Stop & Shop Super Store, banks, convenience stores, gas stations and is considered a very desirable area to live. Competing rents in the area for studios, depending on utilities and condition, range from %500 tp $600 per month. Actual rents were used in the investment analysis and actual expenses for 2011 were used with maintenance & supplies estimated to be about 8%. Rents increased at a modest 3% along with expenses. In 2008 porch and staircase repairs made to 1162 Springfield Street - $44,975; 2010 strip and re-shingled roof on 1172 Springfield Street; new seamless gutters installed on both buildings - $2,964. Building price details: $1,695,000.
  • Property Details
  • Building Name: Carriage House Apartments
    Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 38,523 +/Unit
    Number of Stories: 2
    Year Built: 1970
    MSA: Springfield
    Buildings: 2
    Broadband Internet: Cable
    Construction: Brick
    Terms: Cash to Seller
    Added: 11/15/2012
    Last Update: 01/04/2013
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 44
    Parking Type: Surface
  • Contact info
  • 413-732-2300 [Office]
  • Note

  • Details Info about this row that located on 1162-1172 Springfield Street, Feeding Hills, MA 01030 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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