216 Pearl St, Springfield, MA 01105 | MLS 73076462 | Listing Information | Vylla Home
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FOR SALE
$5,500,000
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216 Pearl St
Springfield, MA 01105

Multi-Family
Residential
52
Baths
47,980
Sq. Ft.
0.44
Acre Lot
Courtesy: Zuleika Rivera - CP Property Group, LLC

Description for 216 Pearl St Springfield, MA 01105

Vylla Home> Massachusetts> Springfield> 01105
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.

Property Details

73076462
Residential - Multi-Family, 3+ Story
52 Full
1914
Hampden
0.44 Acres
Public
4
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Zuleika Rivera - CP Property Group, LLC
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