Attention Investors! Here is your opportunity to own a 46-unit income producing property in Springfield! This a 3-parcel property consisting of two residential buildings 202-206 Pearl st and 208-212 Pearl st and 1 parking lot featuring 35 parking spaces along with 7 garages with one oversized garage. 202-206 Pearl is a well maintained 21-unit property offering (16) 1 bed and (5) 2 bed apartments, 1 year old hot water condensing boiler, 7-year-old steam boiler, and updated apartments. 208-212 Pearl st is a 25 unit building offering (17) 1 bed, (5) 2 bed and (3) studio apartments, 1 year old hot water condensing boiler, 3-year-old boiler, 7-year-old TPO roof and updated apartments. Currently the property is being offered at 8% cap rate. There is plenty of upside being offered as well! Don’t miss out on this rare opportunity to own a nice income producing property in this growing Springfield market!
Sold for $4,370,000 on 09/24/24
$4,370,000
202-212 Pearl St, Springfield, MA 01105
53beds
45,750sqft
5+ Family - 5+ Units Up/Down
Built in 1927
-- sqft lot
$-- Zestimate®
$96/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 24, 2024 at 02:25pm
Listed by:
James Charles 413-320-9979,
Lock and Key Realty Inc. 413-282-8080,
James Charles 413-320-9979
Bought with:
Andrew Rodman
Lock and Key Realty Inc.
Source: MLS PIN,MLS#: 73203773
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 53
- Bathrooms: 46
- Full bathrooms: 46
Appliances
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Vinyl, Hardwood
- Doors: Insulated Doors
- Windows: Insulated Windows
- Basement: Full,Slab
- Has fireplace: No
Interior area
- Total structure area: 45,750
- Total interior livable area: 45,750 sqft
Property
Parking
- Total spaces: 42
- Parking features: Paved Drive, Off Street, Common
- Garage spaces: 7
- Uncovered spaces: 35
Features
- Patio & porch: Porch
- Exterior features: Balcony
Lot
- Size: 0.64 Acres
Details
- Parcel number: S:09585 P:0059
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Rubber
Condition
- Year built: 1927
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Community & neighborhood
Community
- Community features: Public Transportation, Medical Facility, Public School, University
Location
- Region: Springfield
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2024 | Sold | $4,370,000-3.4%$96/sqft |
Source: MLS PIN #73203773 | ||
| 2/20/2024 | Listed for sale | $4,525,000$99/sqft |
Source: MLS PIN #73203773 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Metro Center
Nearby schools
GreatSchools rating
- 1/10Springfield Public Day Elementary SchoolGrades: 1-5Distance: 0.8 mi
- 7/10Alfred G Zanetti SchoolGrades: PK-8Distance: 0.8 mi
- 2/10High School Of CommerceGrades: 9-12Distance: 0.4 mi