18-20 Springfield Street Springfield, MA
$1,199,000
Acres 0.60
Description
Once in a life time opportunity to own a successfully operating B and B with a Hoteliers License seconds to I 91 and next to Baystate Medical Center. With a 20 year record of positive cash flow and great reviews this is a business and real estate opportunity you cannot pass on. Two buildings, a three story 8 unit building with 9 baths, with an industrial kitchen and common space. Every unit has its own private luxurious bath and most sleep more than two. The finishes in the property are modern and beautiful. The second building is a 2 bedroom 2 Bath ranch that could be used as a private residence or used to increase revenue for the B and B. You pick. All mechanicals are updated and the property has tons of tech extras that will save you money and create a contactless operation if desired. Solar drives your electric bills down.
Listed by Berkshire Hathaway HomeServices Realty Professionals, Anthony Ardolino
Details
MLS 73189771
Status Pending
Price $1,199,000
DOM 348 days
Type Commercial
Lot Size 0.60 acres
Year Built 1925
Lot & Building Features
Tax Year 2023
Taxes Paid $14,396
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Financing
$
6.75%
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per month
Principal & Interest
Monthly Taxes
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.