704-708 Sumneravenue, Springfield, MA 01108

$475,000

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List Price
$475,000
Status
ACTIVE
MLS#
73528412
Price Change
▼ $24,900 1784076375
Year Built
1920

Property Description

Prime Mixed-Use Investment Opportunity! 704-708 Sumner Ave offers a unique opportunity to own a mixed-use property with both commercial and residential income potential. The street-level commercial space features excellent frontage, prominent signage, multiple offices, reception and waiting areas, making it ideal for professional, medical, retail, or service-based businesses. Above, residential apartments provide additional income and long-term investment value. The property 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-traffic location ensures outstanding visibility. Conveniently located near Forest Park, MGM Springfield, downtown Springfield, & major highways including I-91 & the MA Turnpike.

Additional Information

Taxes
$6,478

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Listing courtesy of Listing Agent: Maxwell Castrogiovanni from Listing Office: eXp Realty LLC.

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