• Address: 878 Worthington St, Springfield, MA 01105 (map)
• Date Posted: 10/07/09
• Size (sq ft): 9000

8 Unit 3BR/1BABrick aprtment building next to 20 million dollars of rehabed buildings Owner Financing or Lease to Own!
Features
Units: 8
Bedrooms: 3
Bathrooms: 1
Year Built: 1900
Parking Spaces: 0
Square Footage: 9000
Lot Size: 4948
Floors in Bldg: 4
Broker: None
Agent Name: Owner
Separate Meters: Yes
Pricing
Price: $99,000.00
Additional Pricing Information: $99k cash or $120k $20k down 10% for 2 years on balance or Triple net lease to own $10k down $1500/mo for 24 months w/ option to purchase @ $135k
Building Amenities
Smoke alarms
Description

Location, Location, Location. A very important rule in real estate is to not be the first rehab project in an area, let someone else go first- to the tune of aprox $20 million was spent on the neighboring apartments on the block adjacent to this property- This is the last project on the block that needs rehabing. Take it down to the studs or patch what was already started, either way you can't lose. $950 rents are waiting when you are done with a waiting list of 2+ years for qualified tenants. If you are a contractor ready to put your sweat into a project here is your chance to get going. 9 new 100 amp electrical service and panels are already installed as well as 8 natural gas stubs. Fire alarm system has been started as well. Some replacement windows were installed but, some will need replacing. Owner will finance the right buyer, see details. Has great bones, but needs alot of work- Can you handle it? 0% to 20% down depending on qualifications.

Contact: Manager | 508-208-9724
For additional information, see: http://www.vflyer.com/home/crlk?id=2865881&ps=16 or reply to this ad.

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