216 Pearl StreetSpringfield, MA 01105MLS Number 73076457

  • Price: $5,999,900
  • 121 Days on Market
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Federal 30-year interest rate: 6.79% last updated on Jun 1, 2023
* 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.
  • 0.99Acreage
  • 1914Year Built
  • $862,673Gross Income
  • 2022Tax Year

Driving Directions

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

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More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $862,673
  • Mls StatusUnder Agreement
  • Parcel Number S:09585 P:0140,4694555

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available
  • Year Built1914

Other

  • Buyer Agency Compensation2
  • Date Listed02/05/2023
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation1
  • View Count18

Tax Information

  • Tax Year 2022
  • Taxes$29,845

Location

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

Parking

  • Parking Spaces36

Basic Information

  • List Price$5,999,900
  • MLS Number73076457
  • Modification Date05/11/2023
  • Purchase Contract Date04/17/2023

Property

  • Acreage0.99

Property Information

  • Lot Size Square Feet 43,180
  • Lot Size Units Acres
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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