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309 Bay St
Springfield, MA 01109
Multifamily Property For Sale
·
16 Units

PROPERTY FACTS
| No. Units | 16 | Building Size | 23,435 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1917 |
| Building Class | C | Parking Ratio | 0.34/1,000 SF |
| Lot Size | 0.28 AC | ||
| Zoning | R2 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 23,435 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1917 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | R2 |
ABOUT 309 BAY ST , SPRINGFIELD, MA 01109
OPEN HOUSE 12/13/19. PLEASE EMAIL ME IF YOU WOULD LIKE TIME & OM. Confirmation required! New to the market!! 16 unit building, with a cap rate of 11%. This asset is TURNKEY & is Project Based housing located in the McKnight neighborhood. This asset consists of two brick buildings that are 4 stories & are connected. There are 8 units in each building with a total of 23,235 SF. The unit mix consists of; 5: 2 bed / 1 bath units; 7: 3 bed/1 bath units; and, 4: 3 bed/ 2 bath units (2 bath are rare in this type of asset). The tenants pay utilities. Each unit has its own newer gas furnace & updated electrical with circuit breaker panels in each unit. The roof is a rubber membrane roof and there is some off-street parking available. This property has been well managed and maintained! Truly a turnkey investment opportunity.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 7 | - | - |
| 3+2 | 4 | - | - |
PROPERTY TAXES
| Parcel Number | SPRI-001085-000000-000399 | Improvements Assessment | $1,273,500 |
| Land Assessment | $240,000 | Total Assessment | $1,513,500 |
PROPERTY TAXES
Listing ID: 17681135
Date on Market: 11/9/2019
Last Updated:
Address: 309 Bay St, Springfield, MA 01109
The McKnight Multifamily Property at 309 Bay St, Springfield, MA 01109 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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