216 Pearl Street
216 Pearl Street
$5,500,000
—
52
47,980
47,980
$115
Description
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...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 • CP Property Group, LLC
- Listed by Robert Couture • CP Property Group, LLC
- Listed by Veronique Leroy • CP Property Group, LLC
- Listed by Tiffany Pryor • CP Property Group, LLC
Property Details for 216 Pearl Street
Town
Springfield
AreaMA-Springfield
Garage Spaces0
Parking Spaces36.00
Parking Spaces Total36
Location
LISTING UPDATED: 02/25/2024 03:06 AM
Property Details for 216 Pearl Street
Status | Active |
---|---|
MLS # | 73076462 |
Days on Market | 376 |
Taxes | $29,845 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5+ Family - 5+ Units Up/Down |
Year Built | 1914 |
County | Hampden County |
Location
Building Information for 216 Pearl Street
Stories4Residences52Year Built1914Building Size-Lot Size0.44 AC / 19,140 SF
Payment Calculator
$32,503 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 216 Pearl Street
Property History for 216 Pearl Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 216 Pearl Street
Taxable ValueLand$236,600Additions$1,376,100Total$1,612,700
Tax Record2023$27,497 ($2,291 / month)
Home Facts
Baths1Total Finished SqFt37,790 SqFtAbove Grade Finished SqFt37,790 SqFtStories4Lot Size19,140 SqFtStyleMulti-Family Res (5+ Units)Year Built1914Year Renovated2007ZoningRCCountyHAMPDENAPNSPRI S:09585 P:0140
Schools near 216 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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