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216 Pearl St

Springfield, MA 01105
  • $6,200,000
  • STATUS: Active
  • MLS #: 73017062
$6,200,000
  • 0
    BEDS
  • 0.99
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
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 2022-12-02T00:05:40.377.
www.nrgrealestate.com/homes/131265221
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216 Pearl St Springfield, MA 01105

  • Price: $6,200,000
  • Status: Active
  • On Site: Days
  • MLS #: 73017062
0
Beds
0
Baths
0
½ Baths
0.99
Acres
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

Parking Total 36

Property Features

Business Type 5+ Residential Buyer Agency Compensation 2 Disclosures Broker Has An Ownership Interest In The Property. Gross Income 773784 Tax Annual Amount 29845 Tax Year 2022 Transaction Broker Compensation 1 Utilities Public WaterPublic SewerNatural Gas Available 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 2022-12-02T00:05:40.377.
 
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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.