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$ 2,050,000
Est. payment | /mo
23 Beds
16 Baths
11,260 SqFt
$ 2,050,000
Est. payment | /mo
23 Beds
16 Baths
11,260 SqFt
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 11,260 sqft
Price per Sqft $182
MLS Listing ID 73501818
Bedrooms 23
Full Baths 16
Year Built 1927
Annual Tax Amount $20,977
Tax Year 2025
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type 5+ Family - 5+ Units Up/Down
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.
Location
State MA
County Hampden
Zoning R3
Direction Maple street to central Street
Rooms
Basement Full
Interior
Flooring Wood, Vinyl
Exterior
Exterior Feature Rain Gutters
Community Features Public Transportation, Highway Access, House of Worship, Public School
Total Parking Spaces 10
Garage No
Building
Story 5
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Lock and Key Realty Inc.