Strong investment property. This downtown Springfield investment property offers a $5,500 monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and eight garage bays that lease at a monthly rate of $150 – $250 each. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are bright with renovated kitchens and a combination of hardwood and laminate flooring. The projected NOI is $55,359 and the cap rate is 12.9%. Located nearby to the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield’s CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30 minute drive time of UMass Amherst and the Five College Area.
- Heating System:
- Steam, Electric, Natural Gas
- Cooling System:
- Window Unit(s)
- Basement:
- Full, Garage Access, Unfinished, Concrete
- Parking:
- Paved Drive, Other
- Appliances:
- Range, Refrigerator
- Construction:
- Brick
- Exterior Unit Features:
- Rain Gutters
- Flooring:
- Wood, Laminate, Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Electric Feature:
- Circuit Breakers, Individually Metered
- Garage Parking:
- 9
- Interior Features:
- Kitchen, Living Room, Sunroom
- Lead Paint:
- Unknown
- Road Type:
- Paved
- Rent Fee Includes:
- Unit 1(water), Unit 2(water)
- Market Time:
- 4
- Parking Spaces:
- 9
- Tax Year:
- 2024
- Status:
- Active
- Price Per Sqft:
- $116
- Zoning:
- B1
- No Units:
- 2
- Orig Price:
- $409,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Springfield
- State:
- MA
- County:
- Hampden
- Postal Code:
- 01105
- Longitude:
- W73° 24' 46.4''
- Latitude:
- N42° 6' 25.5''
Residential Income
69 Winter St, Springfield, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $409,000
- View :
- City View(s)
- Bedrooms :
- 8
- Rooms :
- 15
- Total Bathrooms :
- 2
- Full Bathrooms :
- 2
- Square Footage :
- 3,520 Sqft
- Year Built :
- 1890
- Lot Area :
- 0.15 Acre
- Listing ID :
- 73446364
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
