Witalisz & Associates, Inc.
JoAnn Asselin, Witalisz & Associates, Inc.Phone: (413) 374-0621
Email: [email protected]
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listing
1 of 42
MultifamilyFor Sale
$5,500,000
216 Pearl St
Springfield, MA 01105
Courtesy of CP Property Group, LLC -
MLS Property Information Network
0Beds
52Baths
47,980Sq Ft
Est. Mortgage
$28,490/mo

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.

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Information courtesy of CP Property Group, LLC is subject to verification and is not guaranteed.
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