1146 Memorial AveWest Springfield, MA 01089

Property Details for 1146 Memorial Ave

Year built

1915

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

4,029 SF

Property type

Investment properties

Property subtype

Live-work space

APN

WSPR M:00371 B:16600 L:00009

APU

WSPRM00371B16600L00009

Description

This exceptional investment opportunity presents a portfolio of four properties in West Springfield, MA, totaling $1,300,000. The portfolio includes three multifamily buildings and one mixed-use property. Individual properties are also available for purchase. 310 Park Street, a two-family home on a .48-acre lot zoned Business A, includes warehouse space, priced at $495,000. 220 New Bridge Street, a fully occupied two-family home, offers immediate rental income and is priced at $370,000. 1146 Memorial Avenue is a multi-family building with integrated commercial space (a flower shop), listed at $580,000. A bundled purchase of 220 New Bridge Street and 1146 Memorial Avenue is available for $850,000. All three properties can be acquired for $1,300,000. This prime West Springfield location offers strong rental demand and diverse income streams, making it an attractive investment for both seasoned and emerging investors. The properties are well-maintained and tenant-ready, promising immediate returns. Flexible purchase options cater to various investment strategies. This portfolio presents a unique opportunity to acquire a diverse and profitable real estate holding in a desirable Massachusetts market.

• CAP approach

  CAP return

  Valuation

  6%

  $666,114

  6.5%

  $614,874

  7%

  $570,955

• Comparable approach

  Method

  Valuation

  Relative Method

  $526,429

  Geo Method

  $526,429

• Alternative Use

  Use

  Valuation

  Residential

  $762,444

  Hospitality

  $698,395

  Educational

  $581,056

  Medical

  $601,040

  Retail

  $903,866

Location Insight

City

West Springfield

County

Hampden

State

Massachusetts

Latitude

42.094

Longitude

-72.6169

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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