Under Agreement
202-212 Pearl St
Springfield MA, 01105
$4,525,000
$98.91 per sqft
Under Agreement
53 Beds
46 Baths
45,750 sqft
Multi-family
Built in 1927
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!
73203773
MLSⓇ ID
February 20, 2024
Listed
May 9, 2024
Updated
Map
202-212 Pearl St
Springfield MA, 01105
Interior Features
Total Stories
4
Bedrooms
53
Total Bathrooms
46
Full Bathrooms
46
Laundry Description
Electric Dryer Hookup, Washer Hookup
Floor Description
Vinyl, Hardwood
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.64 Acres
Exterior Features
Balcony
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Taxes
$61,395
Tax Frequency
Annually
Days on Market
71
Garage
Yes
Garage Spaces
7
Parking
Paved Drive, Off Street, Common
Parking Total
35
View
No
County
Hampden
Water Source
Public
Pool
No
Zoning
R3
Buyer Agency Compensation
1.25%
Listing History
Date | Event | Price |
|---|---|---|
5/1/2024 | Pending | — |
Courtesy of James Charles, Lock and Key Realty Inc.
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Data last updated 3:57 AM UTC, 5/9/2024
