Multi-Family for Sale: 438 Belmont Ave, Springfield, MA 01108 SOLD

8 beds
4 full baths
3,869 sqft
$375,000
$375,000
438 Belmont Ave, Springfield, MA 01108 SOLD
8 beds
4 full baths
3,869 sqft
$375,000
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Selling Price: $375,000
Original List Price: $300,000
Sold at 125.0% of list price
Sold Date: 10/04/2023

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Type Multi-Family
Beds 8
Total Baths 4 full baths
Square Feet 3,869 sqft
Garage Spaces 2
Lot Size 0.15 acres
Year Built 1909
City Springfield
County Hampden
MLS 73151180
Status Closed
DOM 43 days
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.

Lot & Building Features

Appliances Unit 1(Range, Microwave, Refrigerato, Unit 2(Range, Refrigerator), Unit 3(Countertop Range, Refrigerat, Utility Connections for Electric R, Utility Connections for Electric O, Utility Connections for Electric D
Construction Frame
Cooling Unit 1(None), Unit 2(None), Unit 3(None)
Heating Unit 1(Electric), Unit 2(Electric), Unit 3(Electric)
Sewer Public Sewer
Tax Year 2023
Taxes Paid $3,200
Water Public
Foundation Block, Brick/Mortar
Exterior Features Gutters, Other (See Remarks)
Interior Features Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen)
Roof Shingle
Full Baths 4
Parking Off Street, Paved Drive, Paved
Total Rooms 14
Basement Feature Full, Unfinished, Interior Entry
Garage Spaces 2
Fireplaces 1

Price History of 438 Belmont Ave

Date Name Price Difference
08/22/2023 Listing Price $375,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 438 Belmont Ave, Springfield, MA

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Photo of Patrick Carey
Direct: 603-583-1000
Office
240 Ocean Blvd
Seabrook Beach, NH 03874
603-474-3401
Listed by Coldwell Banker Realty - Western MA, The Generation Group
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Listing information courtesy of: Coldwell Banker Realty - Western MA

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