Residential Income in Springfield

$475,000

704-708 Sumner Avenue, 01108, Springfield, MA

Residential Income for sale in Springfield, 704-708 Sumner Avenue, 01108, 5327 m²

704-708 Sumner Avenue, 01108, Springfield, MA

$475,000

4Bed
2Bath
5327
Type: Residential Income

Description

Prime Mixed-Use Investment Opportunity! 704-708 Sumner Ave offers a unique opportunity to own a mixed-use property with both commercial and residentialincome potential. The street-level commercial space features excellent frontage, prominent signage, multiple offices, reception and waiting areas, making it idealfor professional, medical, retail, or service-based businesses. Above, residential apartments provide additional income and long-term investment value. Theproperty offers off-street parking, separate utilities, multiple electrical panels, 15 year old roof and a flexible layout suited for owner-occupants and investors alike.Earning $4, 700 per month rental income, there is room to increase rents to market rent. Its classic brick exterior provides timeless curb appeal while its high-trafficlocation ensures outstanding visibility. Conveniently located near Forest Park, MGM Springfield, downtown Springfield, & major highways including I-91 & the MATurnpike.

Location

704-708 Sumner Avenue, 01108, Springfield, MA

Data

Object TypeResidential Income
Purchase Price$475,000
Living Space5327 m²
Plot Size445.1 m²
Bathrooms2
Construction Year1920
ConditionNot specified
Rooms8

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1920
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent