
229 Miller St #C1 Ludlow — Photo 1 of 22
$89,999
Investment Analysis — 229 Miller St #C1
Ludlow, MA 01056
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 1-bedroom in 01056 carries an estimated $1,390/mo in gross rent — about a 7.74% cap rate and $6,965/yr in estimated NOI at the $89,999 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
600
Style
Mobile Home
Built
1970
Situated on an end lot in Ludlow, this approximately 600 sq. ft. mobile home offers a comfortable layout with a variety of updates throughout. The home was extensively renovated in 2023, including laminate flooring, newer windows, refreshed trim, updated appliances, bathroom improvements, and mechanical updates, giving the interior a clean and refreshed feel.The kitchen is equipped with a smart range and newer refrigerator, while the laundry area includes a newer washer and compact dryer setup. The bathroom has also been updated with a newer sink and toilet, along with a secured shelving unit that will remain with the home. Additional improvements include updated water-heater piping and finish work throughout several areas of the property. The home is heated by oil and features a serviced furnace along with updated components. The flat roof is not original to the home, and the front exterior trim has been repainted for a more finished appearance. The current layout is configured as a one-bedroom with additional flexible space that could potentially be used as a second bedroom, depending on a buyer’s needs.Outside, the end lot location provides added separation and outdoor space. Two storage sheds are included with the property, offering plenty of room for tools, seasonal items, and additional storage. The existing exterior fence will also remain with the property.Monthly HOA/park fees are as low as approximately $386 and include water, sewer, trash removal, and road maintenance. With its updated interior, flexible layout, useful exterior storage, and included community services, this home offers a comfortable and practical living option in a convenient Ludlow location.
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
Dryer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Washer • Range
Neighborhood
Public Transportation • Shopping • Highway Access • House of Worship • Public School
Geography
Listing Agent: Sydney Kleppinger
Listing Office: Signature Realty
MLS® Number: 73579962
