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202-212 Pearl St Springfield, MA 01105
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Key Details
Sold Price $4,370,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 45,750 sqft
Price per Sqft $95
MLS Listing ID 73203773
Sold Date 09/24/24
Bedrooms 53
Full Baths 46
Year Built 1927
Annual Tax Amount $61,395
Tax Year 2023
Lot Size 0.640 Acres
Acres 0.64
Property Description
Attention Investors! Here is your opportunity to own a 46-unit income producing property in Springfield! This a 3-parcel property consisting of two residential buildings 202-206 Pearl st and 208-212 Pearl st and 1 parking lot featuring 35 parking spaces along with 7 garages with one oversized garage. 202-206 Pearl is a well maintained 21-unit property offering (16) 1 bed and (5) 2 bed apartments, 1 year old hot water condensing boiler, 7-year-old steam boiler, and updated apartments. 208-212 Pearl st is a 25 unit building offering (17) 1 bed, (5) 2 bed and (3) studio apartments, 1 year old hot water condensing boiler, 3-year-old boiler, 7-year-old TPO roof and updated apartments. Currently the property is being offered at 8% cap rate. There is plenty of upside being offered as well! Don’t miss out on this rare opportunity to own a nice income producing property in this growing Springfield market!
Location
State MA
County Hampden
Zoning R3
Direction Use GPS
Rooms
Basement Full, Slab
Interior
Flooring Vinyl, Hardwood
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Balcony
Garage Spaces 7.0
Community Features Public Transportation, Medical Facility, Public School, University
Utilities Available for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Waterfront false
Roof Type Rubber
Parking Type Paved Drive, Off Street, Common
Total Parking Spaces 35
Garage Yes
Building
Story 4
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Andrew Rodman • Lock and Key Realty Inc.