Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 144,383 sqft

Price per Sqft $82

MLS Listing ID 73353622

HOA Y/N false

Year Built 1914

Annual Tax Amount $91,275

Tax Year 2025

Lot Size 3.620 Acres

Acres 3.62

Property Description

Actual 7.8% CAP RATE with annual in-place rent increases. Rare portfolio of 3 stabilized, cash-flowing, professionally managed brick properties in Springfield's strong rental market, totaling 127 units: 120 1-bed/1-bath, 7 studios, 3 commercial. 96% REAC score, upgraded mechanicals, on-site laundry, security systems. $270K recently invested in energy-efficiency upgrades (attic insulation, low-flow fixtures, door sealing), boosting NOI. Upside via repurposing underused commercial/office space. Two assets on the National Register of Historic Places (potential tax credits—buyer to verify).64 Myrtle: 39-unit school conversion (5 lofts), roof <7 yrs, Grundfos pumps, 2022 ACV Prestige 6 system w/ dual tanks.11 Acushnet: 24-unit school conversion, roof <10 yrs, 2015 Prestige Triangle Tube system, 100-gal indirect heater.519 Main: 64 units, new water heaters ('22/'23), RUUD AC for commercial, roof <10 yrs.All 3 sold as a portfolio.

Location

State MA

County Hampden

Area Indian Orchard

Zoning R3/B2

Direction Properties are GPS friendly

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available

Total Parking Spaces 80

Others

Senior Community false

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Listed by Century 21 AllPoints Realty

Nearby School & Business

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Tiffany Jacquier

+1(413) 530-0305

Broker | License ID: 9530613, 0790302

Broker License ID: 9530613, 0790302

64 Myrtle Street Springfield, MA 01105