This spacious multi-family home, built in 1916, offers a fantastic investment opportunity with 9 bedrooms and 3 bathrooms across 3,114 sq. ft. of living space on a 6,116 sq. ft. lot. The first floor is currently occupied by a tenant (with a 30-day eviction notice in place), while the second floor and attic generate a steady income of $1,600/month, with tenants covering their own utilities. Owner expenses are minimal, with a monthly water bill of just $150. Ideal for investors or large households. This property is sold As-is.
137-139 Commonwealth Ave, Springfield, MA, 01108
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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