242 Fort Pleasant offers a rare opportunity to acquire a professionally managed eight-unit brick building in Forest Park Heights. Building was extensively updated in 2023 with major capital improvements completed, offering investors a turn-key, low-maintenance asset. Capital improvements include complete re-wiring of the property, including bringing circuit panels into individual units, full replacement of exterior meter box, & installation of 9 new hot water tanks. Complete replacement of all pipes in the building, including all new drainage throughout. Six of the eight units were thoughtfully reconfigured from one-bedroom to two-bedroom layouts to maximize rental income and overall functionality. The updated units feature gleaming hardwood floors, luxury vinyl plank flooring, renovated kitchens, and modernized bathrooms designed with both durability and tenant appeal in mind, while spacious walk-in pantries and walk-in closets provide the additional storage today’s renters value.
- Heating System:
- Oil, Hot Water
- Cooling System:
- No
- Basement:
- Full, Bulkhead, Interior Entry, Concrete
- Parking:
- Off Street, Paved, Paved Drive
- Appliances:
- Disposal, Range, Dishwasher, Microwave, Refrigerator
- Construction:
- Brick
- Exterior Unit Features:
- Balcony/deck
- Flooring:
- Vinyl, Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Seller welcomes offers with requests for buyer concessions. Some photos are virtually edited., Information herein is deemed reliable but not guaranteed. Seller and broker make no representations as to accuracy. Buyer and agent must perform their own due diligence. Some photos have been digitally enhanced. Second floor is unheated., 800 | Extended 2 months free rent special now applies to leases beginning on or before August 1
- Electric Feature:
- Circuit Breakers, Individually Metered, Common, 200+ Amp Service
- Garage Parking
- Interior Features:
- Kitchen, Walk-in Closet(s), Upgraded Cabinets, Bathroom With Tub & Shower, Dining Room, Pantry, Lead Certification Available, Living Room, Upgraded Countertops, Remodeled
- Lead Paint:
- Certified Treated
- Rent Fee Includes:
- Unit 2(heat, Unit 4(heat, Unit 1(heat, Unit 3(heat, Gas)
- Area:
- Forest Park
- Market Time:
- 4
- Parking Spaces:
- 2
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $92
- Zoning:
- R3
- No Units:
- 8
- Orig Price:
- $1,150,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Springfield
- State:
- MA
- County:
- Hampden
- Postal Code:
- 01108
- Longitude:
- W73° 25' 32''
- Latitude:
- N42° 5' 3.1''
Residential Income
242 Fort Pleasant Ave, Springfield, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,150,000
- Bedrooms :
- 15
- Rooms :
- 39
- Total Bathrooms :
- 8
- Full Bathrooms :
- 8
- Square Footage :
- 12,540 Sqft
- Year Built :
- 1906
- Lot Area :
- 0.15 Acre
- Listing ID :
- 73516463
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
