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79 Oak St Springfield, MA 01109

For Sale
$430,000

Four-unit multifamily property with upside potential in Hill McKnight.

Lot size:
0.17 Acres

Property Features for 79 Oak St

General Information

Lot size
0.17 Acres

Building Details

Year built
1905

Source: Real Broker MA, LLC Agent Arpan Tiwari

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Hill McKnight Four-Unit Multifamily Property

Located in Hill McKnight, this four-unit multifamily property presents a potential investment opportunity. The property includes two parcels, totaling 7,623 square feet, situated on a corner lot. The layout comprises three one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit, each featuring private entrances and full kitchens. Currently, three units are occupied and generating income, while one unit is vacant and ready for immediate occupancy or rental. The existing leases are month-to-month, allowing for potential rent adjustments. Water is included in the rent, and tenants are responsible for electricity, which may contribute to lower maintenance costs. The property is intended for use as a residential income property.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Springfield
County
Hampden
State
Massachusetts
Longitude
-72.5734999
Latitude
42.1069827

FAQs

What type of property is this?
Quadplex - Four-unit multifamily property with upside potential in Hill McKnight.
Where is this quadplex located?
The property is located at 79 Oak St Springfield, MA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: - Four Units: Three cash-flowing 1BR/1BA units plus one vacant 2BR/1BA unit.; - High Potential: Corner lot with two parcels totaling 7,623 SF and month-to-month leases allows for immediate rent increases.; - Vacant Unit: Opportunity to move in or rent out the vacant 2BR/1BA unit immediately.
More about this property
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