69 Winter St, Springfield, MA 01105
- $379,000
- 8
- BD
- 2
- BA
- 3,520
- SqFt
- List Price
- $379,000
- Status
- PRICE CHANGED
- MLS#
- 73536012
- Price Change
- ▼ $20,000 1788910200
- Year Built
- 1890
- Levels
- 3
- Bedrooms
- 8
- Bathrooms
- 2
- Units
- 2
- Acres
- 0.15
- Living Area
- 3,520
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 ten garage bays that lease at a monthly rate of $150 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 NOI is $50,579 and the cap rate is 13.35%. 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.
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Additional Information
- Days on Market
- 90
- Taxes
- $8,321
- Lot Size
- 6,617
- Interior Features
- Living Room, Kitchen, Sunroom
- Flooring
- Wood, Laminate, Hardwood
- Heating
- Electric, Steam, Natural Gas
- Cooling System Type
- Window Unit(s)
- Sewer
- Public Sewer
- Water Source
- Public
- Appliances
- Range, Refrigerator
- Exterior
- Brick
- Exterior Features
- Rain Gutters
- Garage Spaces
- 10
- Parking Spaces
- 10
Mortgage Calculator
Listing courtesy of Listing Agent: Tim Thompson from Listing Office: Timothy Thompson.