1022 Main Street West Springfield MA 01089 MLS #73306602

1022 Main Street
West Springfield, MA, 01089
$485,000
5 Beds
4 Baths
3,029 SqFt
0.09 Acres
$485,000
1022 Main Street
West Springfield, MA, 01089
OPPORTUNITY is KNOCKING in this meticulously maintained 4-family property, a prime choice for savvy investors or strategic buyers. This versatile property includes three one-bedroom units and one studio, with an exciting opportunity to expand by connecting three attic rooms to the second-floor unit, creating a spacious three plus bedroom unit. Key upgrade include APO: vinyl siding, updated roof, individual metered units, and updated electrical panels—enhance ease of ownership and long-term value. Ideally located near shops, restaurants, schools, bus lines, and major highways, tenants enjoy unmatched convenience and connectivity. With low maintenance requirements and high potential for growth, this property is the perfect addition to your portfolio. Don’t miss the chance to own a turnkey, income-generating asset in a high-demand area w/room to grow the rental income!

Property Details

Price:
$485,000
MLS #:
73306602
Status:
Active
Beds:
5
Baths:
4
Address:
1022 Main Street
Type:
Multi Family
Subtype:
4 Family
City:
West Springfield
Listed Date:
Oct 25, 2024
State:
MA
Finished Sq Ft:
3,029
Total Sq Ft:
3,029
ZIP:
01089
Lot Size:
3,752 sqft / 0.09 acres (approx)
Year Built:
1895
Units:
4

Schools

Interior

Bathrooms
4 Full Bathrooms
Flooring
Wood, Vinyl, Carpet, Varies, Laminate
Laundry Features
Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School
Construction Materials
Frame
Exterior Features
Rain Gutters
Parking Features
Paved Drive, Off Street, Stone/ Gravel
Parking Spots
4
Roof
Shingle

Financial

Net Operating Income
$44,100
Tax Year
2024
Taxes
$3,695
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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