Avalon Real Estate,LLC- Serving Western Massachusetts' Real Estate Needs-902-906 Carew St.

Leslie Brunelle | Avalon Real Estate, LLC | 413-530-5741

902-906 Carew Street, Springfield, MA

COMMERCIAL PROPERTY - East Springfield - Recently Reduced $180,000

Retail/Commercial

offered at $180,000

Year Built	1923
Sq Footage	2,240
Floors	1
Parking	Unspecified
Lot Size	6,032 sqft
Maint	$0 per month

DESCRIPTION

Commercial Property with three (3) store fronts. Potential for positive cash flow each month.

One space is currently vacant and ready for your business or to be rented out to a new tenant.
Currently, there is one Barber Shop with a 2 year lease and a Tax Business that has been a long term tenant.

The square footage for the entire building is 2,240.
The empty space is the largest of the three. It has approximately 960 sq. ft.
The tax business space is approx. 560 sq. ft.
The barbershop space is approx. 720 sq. ft.

Currently, the monthy rents are $800 for the Barber Shop and $750 for the Tax Business. The empty space previously rented for $850/month.
That is $2,400/month in gross income.

At, $180,000 Sales Price, 20% down, 7% interest rate, your monthly payment, which would include principal, interest and taxes, would be $1,280.87. You would be making money every month.

You do the numbers - this is a great investment opportunity. You could use the empty space for your own business, basically, for free.

Don't let this one slip by.