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704-708 Sumner Ave, Springfield, MA, 01108

4beds
2baths
5,327sqft
$475,000
$89price/sqft
$4,353/moest. monthly cost
$174,120/yrincome needed

About This Home

Prime Mixed-Use Investment Opportunity! 704-708 Sumner Ave offers a unique opportunity to own a mixed-use property with both commercial and residentialincome potential. The street-level commercial space features excellent frontage, prominent signage, multiple offices, reception and waiting areas, making it idealfor professional, medical, retail, or service-based businesses. Above, residential apartments provide additional income and long-term investment value. Theproperty offers off-street parking, separate utilities, multiple electrical panels, 15 year old roof and a flexible layout suited for owner-occupants and investors alike.Earning $4,700 per month rental income, there is room to increase rents to market rent. Its classic brick exterior provides timeless curb appeal while its high-trafficlocation ensures outstanding visibility. Conveniently located near Forest Park, MGM Springfield, downtown Springfield, & major highways including I-91 & the MATurnpike.

Getting Around

87
WalkingVery Walkable
59
TransitGood Transit
55
BikeBikeable

Schools

7/10
White Street SchoolGrades PK-50.2 mi
3/10
--
Springfield High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Concrete Perimeter

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 Family - Rooming House

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Living Room,Kitchen
  • Finished area above ground: 5,327

Interior Area

  • Total structure area: 5,327
  • Total interior livable area: 5,327 sqft

Property

Details

  • Parcel number: 2607702
  • Zoning: B1

Lot

  • Lot size: 4,791 sqft
  • Features: Level

Parking

  • Total spaces: 3
  • Parking features: Paved Drive
  • Has uncovered spaces: Yes
  • Uncovered spaces: 3