1146 Memorial Ave West Springfield, MA 01089-3522
- Investment properties
- 4,029 SF
- 0.18 lot acres
Jan 09, 2020
Current Use by Public Records
- Investment properties
Property Details for 1146 Memorial Ave
- Year built
- 1915
- Construction
- FRAME
- Lot size
- 0.18 lot acres
- Property size
- 4,029 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- WSPR M:00371 B:16600 L:00009
- APU
- WSPRM00371B16600L00009
Description
This exceptional investment opportunity presents a portfolio of four properties in West Springfield, MA, totaling $1,300,000. The portfolio includes three multifamily buildings and one mixed-use property. Individual properties are also available for purchase. 310 Park Street, a two-family home on a .48-acre lot zoned Business A, includes warehouse space, priced at $495,000. 220 New Bridge Street, a fully occupied two-family home, offers immediate rental income and is priced at $370,000. 1146 Memorial Avenue is a multi-family building with integrated commercial space (a flower shop), listed at $580,000. A bundled purchase of 220 New Bridge Street and 1146 Memorial Avenue is available for $850,000. All three properties can be acquired for $1,300,000. This prime West Springfield location offers strong rental demand and diverse income streams, making it an attractive investment for both seasoned and emerging investors. The properties are well-maintained and tenant-ready, promising immediate returns. Flexible purchase options cater to various investment strategies. This portfolio presents a unique opportunity to acquire a diverse and profitable real estate holding in a desirable Massachusetts market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.6169
- Latitude
- 42.094
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
