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41-49 Belmont Ave Springfield, MA 01108

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For Sale
$2,199,000

22-unit multifamily property in historic Forest Park, Springfield.

Lot size:
0.27 Acres

Property Features for 41-49 Belmont Ave

General Information

Lot size
0.27 Acres

Building Details

Year built
1925

Source: Stuart St James, Inc. Agent David Thompson

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


Overview

22-Unit Multifamily Investment Opportunity

This 22-unit multifamily property is located in the historic Forest Park area. The four-story brick building offers 22,316 square feet of living space. It features 20 residential units, including eight 2-bedroom/1-bath units, eight 1-bedroom/1-bath units, and four studio units, as well as a separate two-family house with two 2-bedroom/1-bath units. The property has undergone renovations to most units. Updated hot water systems and a 95% HTP condensing hot water heater are in place. The property includes a parking lot and an on-site laundry facility. The property is located near shops, restaurants, parks, and downtown Springfield.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon 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
-72.5756228
Latitude
42.0899455

FAQs

What type of property is this?
Apartment building - 22-unit multifamily property in historic Forest Park, Springfield.
Where is this apartment building located?
The property is located at 41-49 Belmont Ave Springfield, MA.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: - High-occupancy 22-unit building grossing over $258,000 annually.; - Renovated units with potential for further rent increases.; - Located in the historic Forest Park area.
More about this property
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