596-598 Newbury St, Springfield, MA 01104
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$339,900
2 Unit
6 Beds
2 Baths
2668 SQFT
0.12 Acre

Property Description

This two-family home offers an excellent opportunity for investors looking for a steady income stream. Each spacious unit boasts three generously sized bedrooms, providing ample living space for tenants. The property comes with the added bonus of two amazing, long-term tenants who are eager to stay, offering a reliable and consistent rental income. The tenants have taken excellent care of their respective spaces, making this an even more appealing investment opportunity. Located with easy access to public transportation, shopping, hospitals and schools, this property combines the best of both worlds: a stable income stream and a convenient, vibrant location.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 2
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Pantry, Walk-Up Attic
  • Common Heating: Central Heat, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Steam

Financial

  • APOD Available: No
  • Gross Operating Income: 35400
  • Net Operating Income: 35400

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1916
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73327237
  • Last Updated: 01/17/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
01/17/2025New$339,900$127MLSPIN

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Seller's Representative: Tanya Vital Basile, Executive Real Estate, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-01-17 15:35:00

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