Beds |
Baths |
Half Baths |
Sqr Footage |
Acres |
Built |
99 |
52 |
0 |
47,980 |
0.44 |
1914 |
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.
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
Direct Link:
https://properties.gogallagher.com/property/3-73012862-216-Pearl-St-Springfield-MA-01105
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