69 Winter St, Springfield, MA, 01105
15 rooms
8 beds
2 Full baths
1890
3,520 sqft
Strong investment property. 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 each. 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 12.9%. 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.
Status:
Active
Type:
Multi-family
Units:
2
Zoning:
B1
Garage:
9-car
Heating:
Electric, Steam, Natural Gas
Cooling:
Window Unit(s)
Basement:
Full, Garage Access, Concrete, Unfinished
Levels:
3
Parking:
9-car, Paved Drive, Other
Acreage:
0.15
Est. Taxes:
$4,641
Assessment
$289,000
Construction
Brick
Utilities
for Electric Range, for Electric Oven
View Description:
City View(s)
Amenities:
Public Transportation, Park, Medical Facility, Highway Access, Public School, Sidewalks
Appliances:
Range, Refrigerator
MLS #:
73446364
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of Tim Thompson, Timothy Thompson 413-210-9383