Off Market
216 Pearl St, Springfield, MA
Springfield · MA 01105
- $5,500,000
- Price
- 0
- Beds
- 52
- Baths
- 47980
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1914
Units:
52 Units
Lot size:
0.44 Acre Lot
Price per square foot:
$115 / Sq.Ft
Parking:
36 Off Street Spaces
About this home
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.
Neighborhood & Transit
216 Pearl St, Springfield · MA 01105
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 1367 days
- Listing Price:
- $5,500,000
- Price per Sq.Ft:
- $115
- Tax Assessment:
- $1,585,800 in 2022
- Taxes:
- $2,487 / Monthly
Home Facts
Interior Features
- Bedrooms
- 0
- Full Bathrooms
- 52
- Half Bathrooms
- 0
- Living Area
- 47,980 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 47980
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 19,140 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 36 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Zuleika Rivera
- Listing office
- CP Property Group, LLC
- MLS PIN #
- 73076462
- Disclosure
- Broker has an ownership interest in the property.