50 Orange St, Springfield, MA 01108

$465,000
8
BD
3
BA
3,836
SqFt

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List Price
$465,000
Status
ACTIVE
MLS#
73580598
Year Built
1915
Levels
3
Bedrooms
8
Bathrooms
3
Acres
0.12
Living Area
3,836

Property Description

Excellent opportunity to own a spacious three-family property offering 3,836 sq. ft. of living space, 8 bedrooms, and strong income potential! Currently generating $4,400 in monthly gross rental income, this property offers an attractive opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Features include generously sized eat-in kitchens, hardwood flooring, enclosed rear porches, a fenced-in yard, two-car garage, and ample off-street parking. Additional improvements include vinyl siding, a newer roof reportedly replaced in 2014, and solar panels installed in 2023. Solar panels are third-party owned with an approximate current monthly payment of $134; buyer to review solar agreement and applicable transfer or assumption requirements. Second and third-floor units to be delivered vacant at closing. Whether you're expanding your investment portfolio or exploring the benefits of multifamily ownership, this property offers space, versatility, and income potential. Schedule your showing today!

Additional Information

Taxes
$5,722
Lot Size
5,415
Interior Features
Pantry, Bathroom With Tub & Shower, Living Room, Kitchen
Flooring
Wood
Heating
Forced Air, Natural Gas
Cooling System Type
Window Unit(s)
Sewer
Public Sewer
Water Source
Public
Appliances
Range, Refrigerator, Washer, Dryer
Exterior Features
Rain Gutters
Garage Spaces
2
Parking Spaces
8

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Listing courtesy of Listing Agent: ShaDina Johnson from Listing Office: Berkshire Hathaway HomeServices Realty Professionals.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.