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7 Days on market
814 College Hwy Southwick — Photo 1 of 38

814 College Hwy Southwick — Photo 1 of 38

$475,000

Investment Analysis — 814 College Hwy

Southwick, MA 01077

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01077 carries an estimated $4,030/mo in gross rent — about a 6.79% cap rate and $32,240/yr in estimated NOI at the $475,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

2

SqFt

1,548

Style

Multi Family

Built

1920

Rare opportunity to own a fully renovated and completely vacant two-family home situated on approximately 4 acres of prime land near the Southwick/Westfield line! This property has undergone extensive renovations, making it an excellent option for an owner-occupant, investor, or buyer looking for a turnkey multi-family property with substantial land.Both units feature brand-new kitchens and bathrooms, new appliances, updated plumbing and electrical, new water heaters, and brand-new electrical panels. A brand-new septic system adds even more value and peace of mind. With both units delivered vacant, the new owner has the flexibility to select their own tenants, establish rents, occupy one unit while renting the other, or accommodate extended family.What truly sets this property apart is the approximately 4-acre lot. The size and layout of the property may offer potential for additional building lot(s) toward the rear, creating an exciting opportunity for future development or added value. Buyer and buyer's agent to perform their own due diligence. With extensive renovations, two vacant units, significant acreage, and a convenient location near the Southwick/Westfield line, 814 College Highway is a unique investment opportunity with plenty of possibilities.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$475,000
Annual Taxes$4,514

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms9
FireplacesNone
FlooringHardwood
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningBR

Property & Lot

Acres4
SqFt Lot174,166
Lot FeaturesLevel

Geography

Listing Provided By

Listing Agent: Nicholas Blais

Listing Office: Lock and Key Realty Inc.

MLS® Number: 73572286