MA > Springfield
Springfield, MA 01105,69 Winter St
Springfield, MA 01105,69 Winter St
Springfield, MA 01105,69 Winter St
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$475,000
Est. payment /mo
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4,780 SqFt
Price Dropped by $20K

69 Winter St Springfield, MA 01105

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Molly Smith

Molly Smith

+1(508) 980-9042

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,780 sqft

Price per Sqft $99

MLS Listing ID 73386444

HOA Y/N false

Year Built 1890

Annual Tax Amount $4,641

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Property Description

This downtown Springfield investment property offers a $5,650 monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and nine individual garage bays that are rented at a monthly rate of $150 - $250. 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 projected NOI is $57,159 and the cap rate is 12.0%. 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.

Location

State MA

County Hampden

Zoning B1

Direction Downtown, accessible from Pearl or Spring

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available

Roof Type Shingle

Others

Senior Community false

Listed by Timothy Thompson

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Molly Smith

Agent

+1(508) 980-9042

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69 Winter St

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