453-455 State St Springfield, MA
$385,000
Acres 0.12
Description
Property FHA Appraised 2x's but Buyer couldn't get approved so, This 3-Story Mixed Use, Residential / Commercial Historic Building located in one of Springfield's Prime Locations is Broom Clean and Back! Lots of foot-traffic. Premium E/West bound Auto Visibility, and on bus route. Each Unit comes with Separate Utilities! Ground floor was being used as a coffee house which includes a code-compliant serving counter and 2 accessible restrooms. Second and third floors contain 2+ bedroom quiet apartments. Each have a bonus room that overlook the college campus while the rear balconies are private, covered and overlook parking and school athletic field. Building is registered tax-exempt for Religious use. You don't want to miss the opportunity to get in on the ground level of the redevelopment phase of this Historic part of the State Street corridor where it's rumored that George Washington stayed when establishing the Springfield Armory during the Revolutionary war.
Listed by Executive Real Estate, Inc., Patricia Reynolds
Details
MLS 73139530
Status Active
Price $385,000
DOM 513 days
Type Commercial
Lot Size 0.12 acres
Year Built 1840
Lot & Building Features
Tax Year 2023
Taxes Paid $3,682
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Financing
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6.75%
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per month
Principal & Interest
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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.