SPRINGFIELD MASSACHUSSETS MULTIFAMILY PORTFOLIO – DUPLEX/DUPLEX/TRIPLEX (7 UNITS!)

Description

46-48 Windsor St, Springfield, MA, 01105

Asking $330,000

Duplex, (4/1, 4/2), built in 1900, and is 3,239 sqft
Currently renting at $2,800/mo ($33,600/yr), potential of $3,000/mo ($36,000/yr)
Expenses around $10,544/yr (see spreadsheet), 5% vacancy would add ~$1,680
NOI around $21,376 (6.48% cap alone, no major renovations needed)

50-51 Windsor St, Springfield, MA, 01105

Asking $330,000

Duplex, (3/1, 3/2), built in 1900, and is 3,109 sqft
Currently renting at $3,100/mo ($37,200/yr), potential of $3,175/mo ($38,100/yr)
Expenses around $10,406/yr (see spreadsheet), 5% vacancy would add ~$1,905
NOI around $24,934 (7.56% cap alone, no major renovations needed)

83-85 Wilmont St, Springfield, MA 01108

Asking $360,000

Triplex, (4/1, 4/1, studio), built in 1915, and is 2,698 sqft
Currently renting at $3,350/mo ($40,200/yr), potential of $3,700/mo ($44,400/yr)
Expenses around $11,497/yr (see spreadsheet), 5% vacancy would add ~$2,220
NOI around $26,693 (7.41% cap alone, no major renovations needed)

Packaged Discount Deal

Asking $999,000 OBO

22 (+ studio)/8, all in all 9,046 sqft
Currently renting at $9,250/mo ($111,000/yr), potential of $9,875/mo ($118,500/yr)
Expenses around $32,447/yr (see spreadsheets), 5% vacancy would add ~$5,550
NOI around $73,003 (7.31% cap in total, no major renovations needed)