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216 Pearl St

Springfield, MA 01105
  • $6,200,000
  • STATUS: Active
  • MLS #: 73012862
UPDATED: 40 min ago
$6,200,000
  • 99
    BEDS
  • 0.44
    ACRES
  • 52
    BATHS
  • 0
    1/2 BATHS
  • 47,980
    SQFT
  • $129
    $/SQFT
Type:
Multi-Family
Built:
1914
County:

School Ratings & Info

Listing courtesy of Robert Couture of Cp Property Group, Llc.

Description

ATTENTION APARTMENT INVESTORS!!! 216-226 Pearl Street consists of a total of 52 units (two adjacent buildings of 26 units each). $64k monthly rents. 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 a section of building is master leased. Tons of capital work put into this building - new roof (APO 2018); new heatings systems; porch removals; nearly 50 units turned over; and much more. Offering Memorandum, Rent Roll, and Capital Expense list attached.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-11-30T15:05:39.577.
www.nrgrealestate.com/homes/130935933
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216 Pearl St Springfield, MA 01105

  • Price: $6,200,000
  • Status: Active
  • On Site: Days
  • Updated: 40 min ago
  • MLS #: 73012862
99
Beds
52
Baths
0
½ Baths
0.44
Acres
47,980
SQFT
$129
$/SQFT
1914
Built
County:
Hampden
Property Description
ATTENTION APARTMENT INVESTORS!!! 216-226 Pearl Street consists of a total of 52 units (two adjacent buildings of 26 units each). $64k monthly rents. 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 a section of building is master leased. Tons of capital work put into this building - new roof (APO 2018); new heatings systems; porch removals; nearly 50 units turned over; and much more. Offering Memorandum, Rent Roll, and Capital Expense list attached.
Exterior Features

Construction Materials Brick Covered Spaces 0 Garage YN No Open Parking YN Yes Parking Features Paved DriveOff StreetLeasedAssigned Parking Total 36 Roof Rubber Waterfront YN No

Interior Features

Basement Interior EntryConcrete Building Area Total 47980 Cooling Other Cooling YN Yes Fireplace YN No Fireplaces Total 0 Foundation Details Other Heating Other Heating YN Yes Lead Paint Unknown Rooms Total 11

Property Features

Buyer Agency Compensation 2 Community Features Public Transportation Disclosures Broker Has An Ownership Interest In The Property. Gross Income 773784 Net Operating Income 773784 Property Sub Type 5-9 Family Sewer Public Sewer Tax Annual Amount 29845 Tax Year 2022 Total Actual Rent 2704 Transaction Broker Compensation 1 Water Source Public Year Built Details Renovated Since Zoning Rc

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Robert Couture of Cp Property Group, Llc: 413-314-3583.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-11-30T15:05:39.577.
 
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NRG Real Estate Services, Inc.
813 Williams Street, Suite 211
Longmeadow MA, 01106
Listing courtesy of Robert Couture of Cp Property Group, Llc.