Exceptional investment opportunity in Springfield,MA! 683-687 State Street features 17 units, including 15 residential apartments and 2 commercial spaces. The unit mix consists of (9) one-bedroom, (2) two-bedroom, and (4) three-bedroom apartments, with all but two units updated within the past 24 months. The property currently has one vacant 3-bedroom unit and two vacant commercial spaces, creating immediate upside potential. One commercial space offers over 2,600 sq. ft. and is ideal for a laundromat, retail, office, or other business use. Ownership pays heat and hot water, while tenants pay their own electric (separately metered). Ten of the 15 residential units are subsidized, providing stable rental income.The property currently generates approximately $19,000 per month in gross rental income, with upside still available. Excellent cash flow and value-add opportunity. Don't miss out!

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Property Details of 683-687 State Street

Property Details

Property Details

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Exterior Features

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South Coast Office

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Property Details of 683-687 State 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