ATTENTION APARTMENT INVESTORS!!! 216-226 Pearl Street consists of a total of 52 units (two adjacent buildings of 26 units each). $72k monthly rents (proforma). The building sits in the center of Springfield behind STCC; walking distance to downtown; and conveniently located with easy access to both the 291 and 91 freeways. Consists mostly of 2 and 3 bedroom units. Some tenants have mobile vouchers with local housing agencies and an 8-unit section of building is master leased (extended in Feb 2023 for 2 years). Tons of capital work put into this building - new roof (APO 2018); new heating systems; porch removals; nearly 50 units turned over; and much more. Offering Memorandum, Rent Roll, and Capital Expense list in attachments.
Property Details
Property Features
Property Information:
Year Built: 1914
Living Area: 47,980 SqFt
Listing Office:
Office Name: CP Property Group, LLC
Listing Agent: Zuleika Rivera
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 52
Exterior Features
Parking Information:
Parking: Paved Drive
Lot Features
Lot Information:
Lot Size: 0.44 Acres
School Info
Assigned Schools Information:
High School of Commerce, Public District Grades 9-12
The Springfield Renaissance School, Public District Grades 6-12
High School/Science-Tech, Public District Grades 9-12
Alfred G Zanetti, Public District Grades PK-8
STEM Middle Academy, Public District Grades 6-8
Lincoln, Public District Grades KG-5
Other
Directions Information:
Directions: Use GPS. Between Federal and Spring Streets
Price Information
Listing Price Info
Price Summary:
List Price: $5,500,000
Price Per SqFt: $115/SqFt
Agent Commission:
Buyer's Agent Commission: 2
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Housing Market Comparison
See how this home compares to others in Springfield, MA.
This property is $5.2M more than the Median Sold Price and $67/SqFt less than other homes in Springfield, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73076462
Listing Office:
Office Name: CP Property Group, LLC
Listing Agent: Zuleika Rivera
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 4/27/2024, 12:55:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
-
-
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
1
/10
Lincoln
732 Chestnut St
Distance between this listing and this school1.32 miles
Public District Grades KG-5
Middle School
6
/10
Alfred G Zanetti
474 Armory St
Distance between this listing and this school0.87 miles
Public District Grades PK-8
3
/10
STEM Middle Academy
60 Alton St
Distance between this listing and this school1.89 miles
Public District Grades 6-8
High School
2
/10
High School of Commerce
415 State St
Distance between this listing and this school0.36 miles
Public District Grades 9-12
4
/10
The Springfield Renaissance School
1170 Carew St
Distance between this listing and this school1.81 miles
Public District Grades 6-12
2
/10
High School/Science-Tech
1250 State St
Distance between this listing and this school1.92 miles
Public District Grades 9-12
Assigned Schools
1
/10
Lincoln
732 Chestnut St
Distance between this listing and this school1.32 miles
Public District Grades KG-5
Nearby Schools
4
/10
Milton Bradley School
22 Mulberry St
Distance between this listing and this school0.53 miles
Public District Grades PK-5
2
/10
Boland School
426 Armory St
Distance between this listing and this school0.82 miles
Public District Grades PK-5
Assigned Schools
6
/10
Alfred G Zanetti
474 Armory St
Distance between this listing and this school0.87 miles
Public District Grades PK-8
3
/10
STEM Middle Academy
60 Alton St
Distance between this listing and this school1.89 miles
Public District Grades 6-8
Nearby Schools
3
/10
Baystate Academy Charter Public School
334 Franklin St
Distance between this listing and this school0.47 miles
Public Charter Grades 6-7
Assigned Schools
2
/10
High School of Commerce
415 State St
Distance between this listing and this school0.36 miles
Public District Grades 9-12
4
/10
The Springfield Renaissance School
1170 Carew St
Distance between this listing and this school1.81 miles
Public District Grades 6-12
2
/10
High School/Science-Tech
1250 State St
Distance between this listing and this school1.92 miles
The neighbors living near this home have an average income of $18,494. Typical income of Springfield, MA residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
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This home is located at 216 Pearl St in Springfield, MA and zip code 01105 in the Metro Center neighborhood. This 47,980 square foot home, which was built in 1914, sits on a 0.44 acre lot. Features: 52 bathrooms. It has been listed on Rocket Homes since February 05, 2023 and is currently priced at $5,500,000.
In March 2024, from all listings sold in Springfield, MA there were more than 45 sold above asking price, over 20 sold below and more than 6 were sold right at the asked price. The number of listings in Springfield, MA decreased by 2.1% between February 2024 and March 2024. The median list price of listings available in March 2024 was $282,180, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
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