48 Manor Court #48 Springfield — Photo 1 of 12
$129,000
Investment Analysis — 48 Manor Court #48
Springfield, MA 01118 — East Forest Park
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01118 carries an estimated $1,940/mo in gross rent — about a 7.36% cap rate and $9,497/yr in estimated NOI at the $129,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
875
Style
Stock Cooperative
Built
1950
Attractive, very affordable, comfortable 2 Bedroom 1 Bath Townhouse with, heat, hot water, gas, cooking, laundry facilities, water/sewer fees & outside maintenance, taxes all included. Wood laminate & Berber carpet flooring in main rooms. Desirable end unit has its own patio and dedicated parking spot right near the back door for convenience. Unit is set in a handy campus location, right near the laundry entrance. Dedicated storage area too. If financing this co-op, buyers need a good credit (680+) score and 10-20% down. Buyers mostly use National Coop Bank, as many traditional lenders will not lend. Buyers must apply to the Coop for membership approval. Unit must be owner occupied, no renting or sub-leasing is allowed. Sale is a shareholder member ownership, buyer does not own the unit. Sale is subject to co-op board approval with application and CORI fees paid by Buyer plus pre-approval from lender and/or proof of funds. Close to shopping, restaurants & city bus lines
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Disposal
Neighborhood
Public Transportation • Shopping • Park • Golf • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Wall to Wall Carpet, Exterior Access, Open Floorplan
Dining Room
Lvl Main,FirstFlooring - Laminate, Flooring - Wood, Cable Hookup, Open Floorplan
Kitchen
Lvl Main,FirstFlooring - Laminate, Flooring - Wood, Exterior Access
Master Bedroom
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl SecondBathroom 1
Lvl SecondBathroom - With Tub & Shower, Flooring - Vinyl
Listing Agent: Brianna Davis
Listing Office: J. Brown Realty
MLS® Number: 73554045
