Sold for $375,000

$375,000

438 Belmont Ave, Springfield, MA 01108

8beds

3,869sqft

3 Family

Built in 1909

-- sqft lot

$488,800 Zestimate^®

$97/sqft

$1,819 Estimated rent

Home value

$488,800

$455,000 - $523,000

$1,819/mo

Zestimate^® history

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Owner options

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$1,819/mo

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$1,819/mo

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$2,386/mo

Est. payment

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$2,386/mo

Est. payment

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What's special

This incredible cash-flowing triplex on Belmont Ave in Springfield is close to everything, and is a great opportunity for a buy-and-hold investor, or an owner-occupant! First floor, which is a three-bedroom, two-bathroom unit, will be vacant at closing, and with several updates, a large backyard, a great garage for the new owner, and paying tenants, this is the property for you. Second floor is three-bedroom, two-bathroom unit, rented at $1875/month. Third floor is two-bedroom, one-bathroom unit, rented out for $825/month. Owner pays electric & electric heat for whole building ($750/month in summer months, $1800/month in winter months), for personal reasons. Age of the systems is mostly unknown, but all operational, and no systems need to be updated immediately (APO). Property will likely pass FHA & VA Financing Options.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Electric

Cooling

None

Appliances

Included: Range, Microwave, Refrigerator, Washer, Dryer
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Living Room, Kitchen
Flooring: Wood, Vinyl
Basement: Full,Interior Entry,Unfinished
Number of fireplaces: 1

Interior area

Total structure area: 3,869
Total interior livable area: 3,869 sqft

Property

Parking

Total spaces: 8
Parking features: Paved Drive, Off Street, Paved
Garage spaces: 2
Uncovered spaces: 6

Features

Exterior features: Rain Gutters, Other
Fencing: Fenced/Enclosed

Lot

Size: 6,434 sqft
Features: Level

Details

Parcel number: S:01235 P:0089,2573323
Zoning: B1

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Frame
Foundation: Block, Brick/Mortar
Roof: Shingle

Condition

Year built: 1909

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School

Location

Region: Springfield

HOA & financial

Other financial information

Total actual rent: 2800

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
10/4/2023	Sold	$375,000+25%$97/sqft
Source: MLS PIN #73151180 Report a problem
8/30/2023	Contingent	$300,000$78/sqft
Source: MLS PIN #73151180 Report a problem
8/22/2023	Listed for sale	$300,000+57.9%$78/sqft
Source: MLS PIN #73151180 Report a problem
6/2/2020	Sold	$190,000+26.7%$49/sqft
Source: Public Record Report a problem
2/18/2020	Listing removed	$149,999$39/sqft
Source: Lock and Key Realty Inc. #72590923 Report a problem