Exceptional investment opportunity at 91 E Park Street! This 17-unit apartment building consists entirely of one-bedroom apartments, offering a desirable and easy-to-manage unit mix with strong rental demand. Currently generating approximately $21,153 in gross monthly income, the property has only one vacant unit, providing immediate upside through lease-up.The consistent unit configuration supports operational efficiency, simplified management, and stable occupancy. Conveniently located minutes from MGM Springfield, downtown Springfield, major highways, public transportation, shopping, and local amenities, the property is well-positioned to attract and retain tenants.Whether you’re looking to expand your portfolio or acquire a stabilized multifamily asset with additional income potential, 91 E Park Street presents a strong investment opportunity in Springfield’s growing rental market.
- Cooling System:
- No
- Basement:
- Full
- Parking:
- Off Street
- Appliances:
- Range, Refrigerator
- Flooring:
- Tile, Hardwood, Varies
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- but not guaranteed. Property includes solar panels which are leased. Buyer will be required to assume upon purchase and a credit check will be required.
- Garage Parking
- Interior Features:
- Kitchen, Dining Room, Living Room
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Unit 2(heat, Hot Water)
- Market Time:
- 78
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $172
- Zoning:
- C1
- No Units:
- 17
- Orig Price:
- $2,150,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Springfield
- State:
- MA
- County:
- Hampden
- Postal Code:
- 01105
- Longitude:
- W73° 25' 3.1''
- Latitude:
- N42° 6' 4.8''
Residential Income
91 E Park St, Springfield, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,090,000
- View :
- City View(s)
- Bedrooms :
- 17
- Rooms :
- 85
- Total Bathrooms :
- 17
- Full Bathrooms :
- 17
- Square Footage :
- 12,184 Sqft
- Year Built :
- 1930
- Lot Area :
- 0.10 Acre
- Listing ID :
- 73504070
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
