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 $53,079 and the cap rate is 13.3%. 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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Property Details of 69 Winter Street

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Property Details

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South Coast Office

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Property Details of 69 Winter Street

Property Details

Property Details

Building

Basic Information

Interior Features

Interior Features

Basement

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Community

Amenities

Other Details

Finance

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

South Coast Office