664-668 Page Blvd, Springfield, MA 01104
664-668 Page Blvd, Springfield, MA 01104
664-668 Page Blvd, Springfield, MA 01104
19
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$849,900
Est. payment /mo
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12 Beds
4.5 Baths
2,268 SqFt
New

664-668 Page Blvd Springfield, MA 01104

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Eric Coury

Eric Coury

Keller Williams Elite

+1(508) 838-6956

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 2,268 sqft

Price per Sqft $374

MLS Listing ID 73589901

Bedrooms 12

Full Baths 3

Half Baths 3

Year Built 1926

Annual Tax Amount $13,671

Tax Year 2026

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type 5+ Family - Rooming House

Property Description

Rare Licensed 12-Room Lodging House + Renovated Tavern/RestaurantUnique opportunity to acquire an established mixed-use income-producing property consisting of a 12-room licensed lodging house and first-floor operating tavern/restaurant.The property currently has approximately $9,700 per month in scheduled base rent, or $116,400 annually, before additional expense reimbursements from the Tavern.A particularly important feature is the property's existing lodging-house license. Ownership considers this license to be an unusually scarce asset in Springfield and believes the licensed use may carry meaningful strategic value in addition to the property's current income stream. Prospective purchasers should independently verify license status, renewal requirements, transferability/change-of-control requirements and any required municipal approvals.The lodging operation also benefits from an established relationship with a local social service organization. The organization regularly places participating clients into available rooms. Caseworkers assist with resident issues, while the organization administers participating residents' funds and handles rent payments on their behalf. Ownership reports that this relationship has historically resulted in very limited vacancy and rapid refill of rooms when they become available.The first-floor Tavern is leased at $1,500 per month base rent, with the tenant also responsible for 50% of real estate taxes and 50% of the property's water expense.Ownership completed a substantial renovation of the restaurant in 2023, investing approximately $300,000 into the space. The interior was substantially renewed, with essentially everything inside new at completion.

Location

State MA

County Hampden

Zoning B1

Direction On Page, Across from CRRC Manufacturing

Exterior

Community Features Public Transportation, Shopping

Total Parking Spaces 25

Garage No

Building

Story 2

Foundation Block

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Berkshire Hathaway HomeServices Realty Professionals
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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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Executive Real Estate Specialist - Team Leader License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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+1(508) 838-6956

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Keller Williams Elite, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.