216 Pearl StreetSpringfield, MA 01105MLS Number 73076462

  • Price: $5,500,000
  • Est. Mortgage of $/month
  • 480 Days on Market
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%
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* 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.
  • 0.44Acreage
  • 52Bathrooms
  • 1914Year Built
  • 47,980Square Feet

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 of CP Property Group,LLC

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More Info

Basic Information

  • Gross Income $862,673
  • Mls StatusActive
  • Parcel Number S:09585 P:0140,4694555

Location

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

Property Information

  • Building Area Source Public Records
  • 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
  • Full Bath52

Building

  • BasementInterior Entry, Concrete
  • Building Area Units Square Feet
  • FoundationOther
  • Rooms99
  • Stories4
  • Units52
  • Year Built1914
  • Year Built Details Actual
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces36

Basic Information

  • List Price$5,500,000
  • MLS Number73076462
  • Modification Date02/25/2024
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.44

Utilities

  • Sewer Public Sewer
  • Water Source Public

Other

  • Buyer Agency Compensation2
  • Date Listed02/05/2023
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation1
  • View Count195
Taylor Real Estate
Taylor Real Estate
Office: 413-527-3375
4 Liberty Street, Suite A
Easthampton, MA 01027

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