21Property 52 Unit, Springfield, MA 01108 - MLS 72269055 | Berkshire Hathaway HomeServices New England Properties
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  • 21Property 52 Unit, Springfield, MA 01108
  • $3,100,000
  • 99 BedroomBedrooms
  • 52 BathroomBathrooms
  • 52 Full BathroomFull Bathrooms
  • 0 Half BathroomHalf Bathrooms
  • 63,712 Sqft
  • Sold On

21Property 52 Unit, Springfield, MA 01108

  • Open House
  • New Listing
  • 99 BedroomBedrooms
  • 52 BathroomBathrooms
  • 63,712 Sqft
  • Commercial
  • Active
  • MLS# 72269055
  • Sold On
0 More Schedule
  • Price Reduced

Property Information

  • MLS72269055
  • Zip Code01108
  • TypeCommercial
  • Bedrooms99
  • Bathrooms52
  • Full Bathrooms52
  • Half Bathrooms0
  • Total Rooms15
  • Sq. Ft.63, 712
  • Fireplaces0
  • Parking99
  • Year Built0
  • Acreage2.53
  • Estimated Taxes$56, 022

52 Total units in 21 locations, mostly 2-3 family dwellings in Springfield with a nice 6 unit brick plus commercial in Chicopee MA. The assemblage is with one owner and the financials are incredible due to the unit sizes and number of bedrooms. 100% occupied and deleaded. NET OPERATING INCOME $397,822, CAP RATE 12.83%, DEBT COVERAGE RATIO 2.57, CASH ON CASH RETURN 31.12% (based on a 75% LTV at 4.5% interest over 25 years). Properties are being sold at $47.00 per sq. ft. MLS SOLD listing in past 6 months have averaged $56.00 per sq. ft. These properties are being marketed at 15% below the average SOLD price of comparable properties on MLS.


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Listing courtesy of: Mark DiFranco, DiFranco Realty © 2019 MLS Property Information Network, Inc. All Rights Reserved.

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