216 Pearl StreetSpringfield, MA 01105MLS Number 73076462

  • Price: $5,500,000
  • Est. Mortgage of $/month
  • 413 Days on Market
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Federal 30-year interest rate: 6.87% last updated on Mar 21, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105216 Pearl Street Springfield MA 01105
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  • 0.44Acreage
  • 52Bathrooms
  • 1914Year Built
  • 47,980Square Feet

Driving Directions

ATTENTION APARTMENT INVESTORS!!! 216-226 Pearl Street consists of a total of 52 units (two adjacent buildings of 26 units each). $72k monthly rents (proforma). The building sits in the center of Springfield behind STCC; walking distance to downtown; and conveniently located with easy access to both the 291 and 91 freeways. Consists mostly of 2 and 3 bedroom units. Some tenants have mobile vouchers with local housing agencies and an 8-unit section of building is master leased (extended in Feb 2023 for 2 years). Tons of capital work put into this building - new roof (APO 2018); new heating systems; porch removals; nearly 50 units turned over; and much more. Offering Memorandum, Rent Roll, and Capital Expense list in attachments.
Listed by Zuleika Rivera, Robert Couture, Veronique Leroy and Tiffany Pryor of CP Property Group,LLC

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More Info

Basic Information

  • Gross Income $862,673
  • Mls StatusActive
  • Parcel Number S:09585 P:0140,4694555

Location

  • Address216 Pearl Street
  • Building Number216
  • CountyHampden
  • StateMA
  • StreetPearl Street
  • TownSpringfield
  • Zip01105

Property Information

  • Building Area Source Public Records
  • Living Area 47,980
  • Lot Size Square Feet 19,140
  • Lot Size Units Acres
  • Square Feet47,980

Tax Information

  • Tax Assessed Value $1,585,800
  • Tax Year 2022
  • Taxes$29,845

Rooms

  • Bathroom52
  • Bathrooms Total Decimal 52
  • Full Bath52

Building

  • BasementInterior Entry, Concrete
  • Building Area Units Square Feet
  • FoundationOther
  • Rooms99
  • Stories4
  • Units52
  • Year Built1914
  • Year Built Details Actual
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces36

Basic Information

  • List Price$5,500,000
  • MLS Number73076462
  • Modification Date02/25/2024
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.44

Utilities

  • Sewer Public Sewer
  • Water Source Public

Other

  • Buyer Agency Compensation2
  • Date Listed02/05/2023
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation1
  • View Count91

Springfield, MA Demographics

There is no data available

Springfield, MA Real Estate Market Data

There is no data available

Springfield, MA Schools

School NameDistanceTypeGrades
Union Crossing Realty
Union Crossing Realty
Office: 413-427-2390
420 Union Street
Westfield, MA 01085

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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