216 Pearl StreetSpringfield, MA 01105MLS Number 73012862

  • Price: $6,200,000
  • Est. Mortgage of $/month
  • 140 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.49% last updated on Dec 1, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 99Bedrooms
  • 0.44Acreage
  • 52Bathrooms
  • 1914Year Built

Driving Directions

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.
Listed by Robert Couture, Veronique Leroy and Zuleika Rivera of CP Property Group,LLC

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More Info

Basic Information

  • Gross Income $773,784
  • Mls StatusActive
  • Parcel Number S:09585 P:0140,4694555

Basic Information

  • List Price$6,200,000
  • MLS Number73012862
  • Modification Date11/23/2022
  • Property SubType5-9 Family

Property

  • Acreage0.44

Exterior

  • RoofRubber

Property Information

  • Building Area Source Appraiser
  • Living Area 47,980
  • Lot Size Square Feet 19,140
  • Lot Size Units Acres
  • Square Feet47,980

Tax Information

  • Tax Assessed Value $1,585,800
  • Tax Year 2022
  • Taxes$29,845

Rooms

  • Bathroom52
  • Bathrooms Total Decimal 52
  • Bedrooms99
  • Full Bath52

Building

  • BasementInterior Entry, Concrete
  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationOther
  • Garage Spaces
  • Rooms11
  • Stories4
  • Year Built1914
  • Year Built Details Renovated Since
  • Year Built Source Public Records

Other

  • Buyer Agency Compensation2
  • Date Listed07/15/2022
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation1
  • View Count16

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Leased, Assigned
  • Parking Spaces36

Location

  • Address216 Pearl Street
  • Building Number216
  • CountyHampden
  • StateMA
  • StreetPearl Street
  • TownSpringfield
  • Zip01105

Utilities

  • Cooling Other
  • Cooling YN Yes
  • Heat SystemYes
  • Heating Other
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • AmenitiesPublic Transportation
  • Other AmenitiesBasement
Taylor Real Estate
Taylor Real Estate
Office: 413-527-3375
4 Liberty Street, Suite A
Easthampton, MA 01027

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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