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$ 479,000
Est. payment | /mo
4 Beds
3 Baths
1,764 SqFt
$ 479,000
Est. payment | /mo
4 Beds
3 Baths
1,764 SqFt
Key Details
Property Type Multi-Family
Sub Type 2 Family - 2 Units Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 1,764 sqft
Price per Sqft $271
MLS Listing ID 73539183
Bedrooms 4
Full Baths 2
Half Baths 2
Year Built 1988
Annual Tax Amount $4,787
Tax Year 2026
Lot Size 0.610 Acres
Acres 0.61
Property Sub-Type 2 Family - 2 Units Side by Side
Property Description
Discover an outstanding investment opportunity at 472 Russell Road, Westfield, MA. Built in 1988, this well-maintained two-family property offers approximately 1,764 square feet of living space with an attractive combination of modern construction, strong rental potential, and highly favorable financing.Each unit provides comfortable living accommodations, with a total of 4 bedrooms, 2 full bathrooms, and 2 half bathrooms. The property's efficient layout makes it ideal for owner-occupants, investors, or those seeking multi-generational living.Situated on a generous 26,734-square-foot lot, the property offers abundant outdoor space with room for recreation, future improvements, or enhanced landscaping.One of the most compelling features is the exceptional financing opportunity. The property is encumbered by an assumable private first mortgage with an approximate balance of $315,000, carrying a fixed 3.5% interest rate with approximately 12 years remaining on the amortization schedule. In today's interest rate environment, this financing can provide a significant advantage and improve overall investment returns.For qualified buyers, the seller may also consider:* Seller-held second mortgage financing, allowing for flexible deal structuring.* 1031 Exchange transactions.Flexible financing options may enable buyers to preserve capital for renovations, value-add improvements, or future acquisitions while benefiting from below-market financing.Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or purchase a quality multi-family property with unique financing advantages, 472 Russell Road deserves your attention.
Location
State MA
County Hampden
Zoning res
Direction Route 20
Interior
Heating Forced Air
Cooling None
Appliance Range, Dishwasher
Exterior
Total Parking Spaces 6
Garage No
Building
Lot Description Level
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Premier Choice Realty
Nearby Locations
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Brandon Fisher
REALTOR® | Lic# 9579828(MA) / RES.0205872(RI)