752 Sumner Ave, Springfield, MA 01108

$999,000
7,264
SqFt

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List Price
$999,000
Status
ACTIVE
MLS#
73536576
Year Built
1920
Acres
0.36
Living Area
7,264

Property Description

Mixed-use investment opportunity with immediate income and approved residential upside. Fully leased first floor generates approx. $110,400/year from 5 established commercial tenants. City approval in hand for 7 second-floor residential units. Gross income can exceed $250,000 when completed. Approval package, architectural plans, and parking agreements convey with sale. New roof, electrical upgrades, mini-splits, separate utilities/meters, and 10 secured parking spaces. Ideal for investors, developers, and 1031 exchange buyers. Offered at $999,000.

Additional Information

Lot Size
15,500

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Listing courtesy of Listing Agent: Anthony Ardolino from Listing Office: Berkshire Hathaway HomeServices Realty Professionals.

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