64 Myrtle Street,Springfield, MA 01105
Springfield, MA 01105
Description
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 creditsbuyer 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.
Details
| MLS # | 73353622 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1914 |
| Days On Site | 537 |
| Listing Provided By | Century 21 AllPoints Realty | Lisa Cozzi |
Features
| SQ Feet | 144,383 |
|---|---|
| Zoning | R3/B2 |
| Acreage | 3.62 |
Utilities
| Utilities | Public Water, Public Sewer, Natural Gas Available |
|---|
Taxes
| Tax Annual Amount | 91275.85 |
|---|---|
| Tax Year | 2025 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MA |
|---|---|
| County | Hampden |
| City | Springfield |
| Zip Code | 01105 |
| Area | Indian Orchard |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MA |
|---|---|
| County | Hampden |
| City | Springfield |
| Zip Code | 01105 |
| Area | Indian Orchard |