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181-187 Chestnut St
Springfield, MA 01103

$1,880,000

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Listing Details

  • $1,880,000
  • MLS# 73578799
  • Type Multi Unit - Multiple
  • Status Active
  • 8
    Bedrooms
  • 11 full
    Bathrooms
  • 11,628
    Square Feet
  • 0.121 acres
    Lot Size
  • 1900
    Year Built

Listed By

Agency Name: Berkshire Hathaway HomeServices Realty Professionals
Agent Name: Anthony Ardolino
Agency Phone: 413-596-6711

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

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Home Value Estimate


Description

Exceptional Downtown Springfield Mixed-Use Investment Opportunity. 181??187 Chestnut Street is a well-maintained 11-unit mixed-use asset consisting of three street-level commercial spaces and eight one-bedroom apartments in the heart of Springfields downtown Business Improvement District. The property offers approximately $183,000 in gross annual rental income at full occupancy, reflecting substantial rent growth and improved income performance. The approximately 11,628-square-foot historic brick building has undergone significant renovation and offers an attractive combination of residential and commercial income. The building is fully...read more

Features

  • Tile
  • Hardwood
  • 3.0 Stories
  • $21,013 Taxes
  • Public
  • Built in 1900

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