Price Reduced 8.33%
216 Pearl St, Springfield, MA, 01105
99 rooms
0 beds
52 Full baths
1914
47,980 sqft
ATTENTION APARTMENT INVESTORS!!! 216-226 Pearl Street consists of a total of 52 units (two adjacent buildings of 26 units each). $72k monthly rents (proforma). The building sits in the center of Springfield behind STCC; walking distance to downtown; and conveniently located with easy access to both the 291 and 91 freeways. Consists mostly of 2 and 3 bedroom units. Some tenants have mobile vouchers with local housing agencies and an 8-unit section of building is master leased (extended in Feb 2023 for 2 years). Tons of capital work put into this building - new roof (APO 2018); new heating systems; porch removals; nearly 50 units turned over; and much more. Offering Memorandum, Rent Roll, and Capital Expense list in attachments.
Status:
Active
Type:
Multi-family
Units:
52
Zoning:
RC
Basement:
Interior Entry, Concrete
Levels:
4
Parking:
36-car Paved Drive
Acreage:
0.44
Est. Taxes:
$29,845
Assessment
$1,585,800
MLS #:
73076462
Buyer Agent Compensation:
2
Facilitator Compensation:
1
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No