Homes for sale - 69 Winter St, Springfield, MA 01105

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Lori Lincoln

lori@thinklorilincoln.com +1(508) 878-0917

$409,000

Est. payment - /mo

8 Beds

2 Baths

3,520 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,520 sqft

Price per Sqft $116

MLS Listing ID 73446364

Bedrooms 8

Full Baths 2

Year Built 1890

Annual Tax Amount $4,641

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Multi Family

Property Description

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.

Location

State MA

County Hampden

Zoning B1

Direction Downtown, accessible from Pearl or Spring

Rooms

Basement Full, Garage Access, Concrete, Unfinished

Interior

Interior Features Living Room, Kitchen, Sunroom

Heating Electric, Steam, Natural Gas

Cooling Window Unit(s)

Flooring Wood, Laminate, Hardwood

Appliance Range, Refrigerator

Exterior

Exterior Feature Rain Gutters

Garage Spaces 9.0

Community Features Public Transportation, Park, Medical Facility, Highway Access, Public School, Sidewalks

Utilities Available for Electric Range, for Electric Oven

View Y/N Yes

View City View(s)

Roof Type Shingle

Total Parking Spaces 9

Garage Yes

Building

Story 3

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Timothy Thompson

Learn More About LPT Realty

Contact Us

+1(508) 878-0917

lori@thinklorilincoln.com

69 Winter St Springfield, MA 01105