Portfolio expansion opportunity is here for you at 99 Federal in Springfield, MA. This building has recently been professionally stabilized. More than 50% of the units have been renovated and freshened up. Tenants are responsible for their own electricity and should they have a gas range, they handle that expense. Building ownership is responsible for the hot water and heat. These efficient systems are separate, both gas powered with the hot water system newly installed beginning of this year. The professional property management company is off site and can continue to management the property once purchased. Although the laundry system is not operable, you can easily bring it back to life. The location of this beautiful building is among many other well maintained complexes with tree lined sidewalks, public transit stops, and convenience within the Springfield Metro center. Be sure to reach out for operational data and to discuss this business opportunity!!
Sold for $2,215,000 on 04/30/24
$2,215,000
99-103 Federal St, Springfield, MA 01105
28beds
16,908sqft
5+ Family - 5+ Units Up/Down
Built in 1910
-- sqft lot
$-- Zestimate®
$131/sqft
$1,966 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,966/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 30, 2024 at 02:30pm
Listed by:
Patriot Living Group 413-271-7511,
Lock and Key Realty Inc. 413-282-8080
Bought with:
Mina Femino
Keller Williams Realty Boston Northwest
Source: MLS PIN,MLS#: 73182661
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 24
- Full bathrooms: 24
Features
- Flooring: Vinyl / VCT
- Doors: Insulated Doors
- Windows: Insulated Windows
- Basement: Full,Walk-Out Access,Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 16,908
- Total interior livable area: 16,908 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Exterior features: Professional Landscaping
- Fencing: Fenced/Enclosed,Fenced
Lot
- Size: 9,764 sqft
- Features: Cleared, Gentle Sloping, Level
Details
- Foundation area: 5621
- Parcel number: 049970022
- Zoning: B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Rubber
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range
Community & neighborhood
Community
- Community features: Public Transportation, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, University
Location
- Region: Springfield
HOA & financial
Other financial information
- Total actual rent: 27490
Other
Other facts
- Listing terms: Contract
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2024 | Sold | $2,215,000-3.7%$131/sqft |
Source: MLS PIN #73182661 | ||
| 3/7/2024 | Contingent | $2,299,000$136/sqft |
Source: MLS PIN #73182661 | ||
| 12/20/2023 | Price change | $2,299,000-2.2%$136/sqft |
Source: MLS PIN #73182661 | ||
| 11/26/2023 | Listed for sale | $2,350,000$139/sqft |
Source: MLS PIN #73182661 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Metro Center
Nearby schools
GreatSchools rating
- 1/10Springfield Public Day Elementary SchoolGrades: 1-5Distance: 0.6 mi
- 7/10Alfred G Zanetti SchoolGrades: PK-8Distance: 0.7 mi
- 2/10High School Of CommerceGrades: 9-12Distance: 0.5 mi