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Expired

216 Pearl St, Springfield MA 01105

$5,999,900

Estimated $12,216/month Calculator

Multi Family

Total Units:

Price Per Unit: $5,999,900

Total Rent: 0/year

Estimated CAP Rate:

0 Bedrooms

Baths

Total Parking: 36

43,180 (0.99)

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.

This home has been viewed 39 times

Last Checked: May 7th, 2024 at 2:12am (Source: MLS PIN #73076457)

Gross Income: $0

Gross Expenses: $29,845

Net Income Calc: $29,845

Annual Expenses for 216 Pearl St, Springfield MA 01105

Total Gross Expenses (Calculated)$29,845/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax29845

Annual Income & Unit Breakdown for 216 Pearl St, Springfield MA 01105

Total Gross Income (Calculated)$0

General Information for 216 Pearl St, Springfield MA 01105

Listing ID73076457

Property TypeMulti Family / 5+ Family

Price5999900

Style

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total0

Approximate Lot Size (Acres)0.99

Total Parking36

Year Built1914

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRC

Zoning DetailsOther (See Remarks)

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 216 Pearl St, Springfield MA 01105

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

ExclusionsPersonal Belongings

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based On

Financial Information for 216 Pearl St, Springfield MA 01105

Real Estate Taxes29845

Tax Year2022

Assessed Value$0

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 216 Pearl St, Springfield MA 01105

Neighborhood(s)

Area Amenities

Contact Information for 216 Pearl St, Springfield MA 01105

Agent

Name: Zuleika Rivera

Office

Name: CP Property Group, LLC

Phone: 413-277-7069

Payment Calculator

, Interest

Property Taxes 2487.08

Principal & Interest 36969.48

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

CP Property Group, LLC

Zuleika Rivera

Agent Phone

Office Phone

(413) 277-7069

Text Agent Call Agent Call Office

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EXIT

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