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.
- Basement:
- Full
- Parking:
- Off Street, Paved, Paved Drive, Driveway
- Construction:
- Brick
- Exterior Unit Features:
- Rain Gutters
- Flooring:
- Wood, Vinyl
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking
- Lead Paint:
- Certified Treated
- Market Time:
- 4
- Parking Spaces:
- 10
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $182
- Zoning:
- R3
- No Units:
- 16
- Orig Price:
- $2,050,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Springfield
- State:
- MA
- County:
- Hampden
- Postal Code:
- 01105
- Longitude:
- W73° 25' 14.9''
- Latitude:
- N42° 5' 57.4''
Residential Income
120-122 Central St, Springfield, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,050,000
- Bedrooms :
- 23
- Rooms :
- 55
- Total Bathrooms :
- 16
- Full Bathrooms :
- 16
- Square Footage :
- 11,260 Sqft
- Year Built :
- 1927
- Lot Area :
- 0.27 Acre
- Listing ID :
- 73501818
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
