Unit Information
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.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Zip Code: 01105
- Living Levels: 4
- Selling Broker Compensation: 1
- Buying Broker Compensation: 2
- Parking
- Parking: Paved Drive
- Parking Spaces: 36
- Rooms and Dimensions
- Total Units: 52
- Total Floors: 4
- Total Rooms: 99
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$5,500,000
- Listing ID: 73076462
- Full Baths: 52
- Living Area: 47,980 sqft Convert
- Lot Size: 19,140 sqft Convert
- Acres: 0.44
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |