Unit Information
120–122 Central Street presents a rare opportunity to acquire a 16-unit asset in a prime Springfield location, just minutes from the Naismith Memorial Basketball Hall of Fame and MGM Springfield. Perfect for a 1031 exchange this property features a strong unit mix of (7) two-bedroom apartments and (9) one-bedroom apartments, catering to a wide tenant base.With gross rents exceeding $22,000 per month, this building offers immediate cash flow and solid investment performance. All 16 units have lead certificates, providing added compliance and peace of mind for ownership.Positioned in a high-demand rental area with close proximity to major attractions, employment centers, and amenities, with a large off street parking lot this is a turnkey opportunity for investors looking to scale their portfolio with a stabilized, income-producing asset.
- Additional Details
- Status: NEW
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Zip Code: 01105
- Levels: 5
- Parking
- Garage Capacity: 10
- Parking: Paved Drive, Off Street, Driveway, Paved
- Parking Spaces: 10
- Rooms and Dimensions
- Total Units: 16
- Total Floors: 5
- Total Rooms: 55
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$2,050,000
- Status: New
- Listing ID: 73501818
- Bedrooms: 23
- Full Baths: 16
- Living Area: 11,260 sqft Convert
- Lot Size: 11,896 sqft Convert
- Acres: 0.27
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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 | |