Off Market

216 Pearl St, Springfield, MA

Springfield · MA 01105

$6,200,000
Price
99
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: $129 / 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). $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.

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:
1412 days
Listing Price:
$6,200,000
Price per Sq.Ft:
$129
Tax Assessment:
$1,585,800 in 2022
Taxes:
$2,487 / Monthly

Home Facts

Interior Features

Bedrooms
99
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
Unknown
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
Brick
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Robert Couture
Listing office
CP Property Group, LLC
MLS PIN #
73012862
Disclosure
Broker has an ownership interest in the property.