202-212 Pearl Street

Springfield, MA 01105

$4,525,000
Price
53
Beds
46
Baths
45,750 Sq. Ft.
$99 / Sq. Ft.
45,750
Sq. Ft.
$99
per Sq. Ft.

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...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!
  1. Listed by James Charles • Lock and Key Realty Inc.

Property Details for 202-212 Pearl Street

Town
Springfield
Area
MA-Springfield
Garage Spaces
7
Parking Spaces
35.00
Parking Spaces Total
42

Location

Listing Courtesy of Lock and Key Realty Inc., James Charles
Add your commute
LISTING UPDATED: 05/01/2024 01:55 PM

Property Details for 202-212 Pearl Street

StatusUnder Agreement
MLS #73203773
Days on Market71
Taxes$61,395 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1927
CountyHampden County

Location

Listing Courtesy of Lock and Key Realty Inc., James Charles
Add your commute

Building Information for 202-212 Pearl Street

Stories4Residences46Year Built1927Building Size-Lot Size0.64 AC / 27,938 SF

Payment Calculator

$29,811 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,695

Property Taxes

$5,116

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 202-212 Pearl Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Medical Facility, Public School, University
  • Living Area: 45750.0
  • SqFt with Basement: Yes
  • Total Units: 46
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Slab
  • Num of Baths: 46.0
  • Num of Full Baths: 46
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 46.00
  • Bathrooms Total Integer: 46
  • DoorFeatures: Insulated Doors
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Hardwood
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Brick
  • Exterior Features: Balcony
  • Exterior Features: Balcony, Porch
  • Patio And Porch Features: Porch
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: 7.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Common
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Common
  • Parking Features: Off-Street, Common
Utilities
  • Electric: Circuit Breakers
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Member of ownership entity is a licensed real estate salesperson
Tax Information
  • Tax ID: S:09585 P:0059
  • Assessments: $1,192,300
  • Book: 25205
  • Tax Year: 2023
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 53
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Brick/Mortar
Income / Expenses
  • Annual Expenses Source: Owner, Pro. Forma Available
  • GRE: $10,140
  • RFS: $10,140
  • Operating Expense: $10,140.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 0
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1.25%
  • Other Agent Compensation: tbd

Property History for 202-212 Pearl Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 202-212 Pearl Street

This home is within Springfield School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln
PublicK to 5

High School/Science-Tech
Public9 to 12

Putnam Vocational Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Lock and Key Realty Inc., James Charles

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.