$6,200,000 216 Pearl St Springfield, MA

MLS: 73012862   Type: Multi-Family   County: Hampden   City: Springfield   Zip: 01105   Style: 5-9 Family   # Rooms: 11    Stories: 4   Taxes: $29,845

Mortgage $29,108 /mo



Half Baths

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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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Price History

7/15/2022 Listed $6,200,000

Basement Interior Entry, Concrete
Building Area Units Square Feet
City Springfield
Community Features Public Transportation
Construction Materials Brick
Cooling Other
County Hampden
Directions Use GPS. Between Federal and Spring Streets
Disclosures Broker Has An Ownership Interest In The Property.
Garage Spaces, Detached Garage 0
Garage Y/N No
Grossincome 773784
Heating Other
Lot Size Square Feet 19140
Net Operating Income 773784
Property SubType 5-9 Family
Property Type Residential Income
Roof Rubber
Sewer Public Sewer
Showing Instructions Other (See Special Showing Instructions), By Appointment - Contact Zuly Rivera At 413-209-4847
Standard Status Active
Status Active
Street Name Pearl St
Tax Annual Amount 29845
Tax Year 2022
TaxAssessedValue 1585800
Total Actual Rent 2704
Total Rooms 11
Total Units 52
Waterfront Y/N No
Year Built 1914
Year Built Details Renovated Since
Yearbuiltsource Public Records
Zoning RC

Interior Features

Air Conditioning Y/N Yes
Fireplace Y/N No
Full Baths 52
Half Baths 0
Heating Y/N Yes
Total Baths 52
Total Bedrooms 99
Total Fireplaces 0
Total Stories 4

Exterior Features

Building Area Total 47980
Covered Spaces 0
Foundation Details Other
Lot Size Acres 0.44
Lot Size Area 0.44
Lot Size Units Acres
Open Parking Y/N Yes
Parking Features Paved Drive, Off Street, Leased, Assigned
Total Parking 36
Water Source Public

Property Schools

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Gallery (7 photos)

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Property vs Zip Code Avg (01105)

Price 6.20M Avg 855K

Sqr Feet 47,980 Avg 6,840

Cost / Sqr Ft $129 Avg $125

Taxes $29,845 Avg $6,128

Acres 0.44 Avg 0.18

Visits 7 Avg 19

Days on Site 32 Avg 53

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Listed By: Robert Couture with CP Property Group, LLC.

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Location & Address

Gallagher Real Estate
1763 Northampton St
Holyoke, MA