About 216 Pearl St
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.
Features of 216 Pearl St
| MLS® # | 73076462 |
|---|---|
| Price | $5,500,000 |
| Bathrooms | 52.00 |
| Full Baths | 52 |
| Square Footage | 47,980 |
| Acres | 0.44 |
| Year Built | 1914 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 216 Pearl St |
|---|---|
| City | Springfield |
| County | Hampden |
| State | MA |
| Zip Code | 01105-1210 |
Amenities
| Parking Spaces | 36 |
|---|---|
| Parking | Paved Drive |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 4 |
Additional Information
| Zoning | RC |
|---|
Listing Details
| Agent | Zuleika Rivera |
|---|---|
| Office | CP Property Group, LLC |
| Buyer Agent Compensation | 2 |
| Facilitator Compensation | 1 |
| Compensation Based On | Net Sale Price |
| Sub Agency Relationship Offered | No |