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MLS® ID: 72555674

447 State St.

Springfield, Massachusetts, 01105

$249,900 Active
  • 8 Beds
  • 5 Baths
  • 7143 SQFT
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!
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Listing courtesy of Keller Williams Realty Greater Worcester

Amenities

  • Full baths
    4
  • Half baths
    2
  • Full Baths Range
    4+ Baths
  • Total Baths
    5
  • Zip
    01105
  • Office name
    Keller Williams Realty Greater Worcester
  • SQFT
    7143
  • Bedrooms
    8
  • Property type
    Multi-family
  • Zoning type
    B1
  • Year built
    1900
  • Sewer
    City/Town Sewer
  • Tax year
    2019
  • Agent name
    Sophie Kozaczka
  • Tax amount
    $ 4797.98
  • Purchase Type
    Active
  • Price Range
    $200k-$300k
  • Square Feet Range
    7000+ sq ft.
  • Bedrooms Range
    8 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    10703
  • Agent ID
    453001554

Location

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