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$ 409,000
Est. payment /mo
Active
69 Winter St Springfield, MA 01105
4,780 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,780 sqft
Price per Sqft $85
MLS Listing ID 73448535
HOA Y/N false
Year Built 1890
Annual Tax Amount $4,641
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Description
This downtown Springfield investment property offers a $5,500 monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and eight garage bays that lease at a monthly rate of $150 - $250. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are bright with renovated kitchens and a combination of hardwood and laminate flooring. The projected NOI is $55,359 and the cap rate is 13.54%. Located nearby to the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield's CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30 minute drive time of UMass Amherst and the Five College Area.
Location
State MA
County Hampden
Zoning B1
Direction Downtown, accessible from Pearl or Spring
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Shingle
Total Parking Spaces 9
Others
Senior Community false
Listed by Timothy Thompson
School and business data provided by Attom Data.