704-708 Sumner Avenue, Springfield, MA 01108
- $475,000
- 4
- BD
- 2
- BA
- 5,327
- SqFt
- List Price
- $475,000
- Price Change
- ▼ $24,900 1784076680
- Status
- ACTIVE
- MLS#
- 73529221
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 5,327
- Lot Size (Acres)
- 0.11
- 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 residentialincome potential. The street-level commercial space features excellent frontage, prominent signage, multiple offices, reception and waiting areas, making it idealfor professional, medical, retail, or service-based businesses. Above, residential apartments provide additional income and long-term investment value. Theproperty 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-trafficlocation ensures outstanding visibility. Conveniently located near Forest Park, MGM Springfield, downtown Springfield, & major highways including I-91 & the MATurnpike.
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Additional Information
- Taxes
- $6,478
- Interior Features
- Living Room, Kitchen
- Parking Description
- Paved Drive
- Lot Description
- Level
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Maxwell Castrogiovanni from Listing Office: eXp Realty LLC.
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