Unit Information
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.
- Additional Details
- Status: ACT
- Type: Multi-Family, Duplex
- Zip Code: 01085
- Levels: 4
- Parking
- Garage Capacity: 6
- Parking Spaces: 6
- Rooms and Dimensions
- Total Units: 2
- Total Floors: 4
- Total Rooms: 8
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$479,000
- Listing ID: 73539183
- Bedrooms: 4
- Full Baths: 2
- Half Baths: 2
- Living Area: 1,764 sqft Convert
- Lot Size: 26,734 sqft Convert
- Acres: 0.61
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |