Deb Rees
REALTOR®
BEDS23
BATHS16 full
SQUARE FEET11,260
MLS#73501818
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Lot Size: 0.27 Acres
Stories: 5.0
Taxes: $20,977
Year Built: 1927
Amenities
Rain Gutters
Feature Descriptions
Building Area Total: 11260
Community Features: Public Transportation, Highway Access, House of Worship, Public School
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 2
Dwelling Type: 5+ Family - 5+ Units Up/Down
Exterior: Brick
Flooring: Wood, Vinyl
Open Parking Y/N: Yes
Parcel Number: S:02560 P:0027,2577533
Parking Features: Paved Drive, Off Street, Driveway, Paved
Parking Total: 10
Patio And Porch: Porch
Rooms Total: 55
Sewer: Public Sewer
Units: 16
Water: Public
Listed By / Shown By
Listed By
Agency Name: Lock and Key Realty Inc.
Agency Phone: 413-282-8080
Agent Name: Andrew Rodman
Shown By
Agent Name: Deb Rees
Agent Phone: Cell: (603) 454-8380
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 6,908.41 per month $4,562.41 Principal & Interest $1,748.08 Property Tax $597.92 Homeowner's Insurance
120-122 Central St | MLS# 73501818
This multi-family property located at 120-122 Central St, Springfield, MA 01105 is currently listed for sale with an asking price of $2,050,000. Search Springfield real estate on debrees.masiellogrouprealestate.com today.