64 Myrtle Street
Springfield, MA 01105

$11,900,000

38 Total Photos [Click to View All]

SCHEDULE A PRIVATE TOUR Call Print Email

Listing Details

$11,900,000
MLS# 73353622
Type Commercial - Investment
Status Pending

144,383
Square Feet
3.623 acres
Lot Size
1914
Year Built

MAP LISTING SHARE

Listed By

Agency Name: Century 21 AllPoints Realty
Agent Name: Lisa Cozzi
Agency Phone: 860-621-8378

Shown By

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

Home Value Estimate

Description

Actual 7.8% CAP RATE with annual in-place rent increases. Rare portfolio of 3 stabilized, cash-flowing, professionally managed brick properties in Springfields strong rental market, totaling 127 units: 120 1-bed/1-bath, 7 studios, 3 commercial. 96% REAC score, upgraded mechanicals, on-site laundry, security systems. $270K recently invested in energy-efficiency upgrades (attic insulation, low-flow fixtures, door sealing), boosting NOI. Upside via repurposing underused commercial/office space. Two assets on the National Register of Historic Places (potential tax credits??buyer to verify).64 Myrtle: 39-unit school conversion (5 lofts), roof...read more

Features

$91,275 Taxes
Built in 1914

Gallery