Price Reduced 2.44%

$2,000,000 ($177.62 per sqft)

Est. Mortgage $9,593/mo *

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120-122 Central St, Springfield, MA, 01105

120-122 Central St, Springfield, MA, 01105
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55 rooms

23 beds

16 Full baths

1927

11,260 sqft

120–122 Central Street presents a rare opportunity to acquire a 16-unit asset in a prime Springfield location, just minutes from the Naismith Memorial Basketball Hall of Fame and MGM Springfield. Perfect for a 1031 exchange this property features a strong unit mix of (7) two-bedroom apartments and (9) one-bedroom apartments, catering to a wide tenant base.With gross rents exceeding $22,000 per month, this building offers immediate cash flow and solid investment performance. All 16 units have lead certificates, providing added compliance and peace of mind for ownership.Positioned in a high-demand rental area with close proximity to major attractions, employment centers, and amenities, with a large off street parking lot this is a turnkey opportunity for investors looking to scale their portfolio with a stabilized, income-producing asset.

Status:

Active

Type:

Multi-family

Units:

16

Zoning:

R3

Basement:

Full

Levels:

5

Parking:

10-car, Paved Drive, Off Street, Driveway, Paved

Acreage:

0.27

Est. Taxes:

$20,977

Assessment

$1,337,800

Construction

Brick

Amenities:

Public Transportation, Highway Access, House of Worship, Public School

MLS #:

73501818

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Andrew Rodman, Lock and Key Realty Inc.