Unit Information
Actual 7.8% CAP RATE with annual in-place rent increases. Rare portfolio of 3 stabilized, cash-flowing, professionally managed brick properties in Springfield’s 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 <7 yrs, Grundfos pumps, 2022 ACV Prestige 6 system w/ dual tanks.11 Acushnet: 24-unit school conversion, roof <10 yrs, 2015 Prestige Triangle Tube system, 100-gal indirect heater.519 Main: 64 units, new water heaters (’22/’23), RUUD AC for commercial, roof <10 yrs.All 3 sold as a portfolio.
- Additional Details
- Status: ACT
- Area: Indian Orchard
- Zip Code: 01105
- Parking
- Parking Spaces: 80
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$12,800,000
- MLS #: 73353622
- Living Area: 144,383 sqft Convert
- Lot Size: 157,809 sqft Convert
- Acres: 3.62
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Luxury Residential Group
(617) 233-5800
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Content © 2025 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Lisa Cozzi of Century 21 AllPoints Realty. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.