This Multifamily Property is Off-Market.

236-240 Locust St
Springfield, MA 01108 ·

16 Units · Multifamily For Sale

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236-240 Locust St

Price N/A Cap Rate 9.15%
No. Units 16 Gross Rent Multiplier 6
Building Size 13,000 SF Occupancy 95%
Property Type Multifamily No. Stories 4
Property Sub-type Mid/High-Rise Year Built 1924
Property Use Type Investment Lot Size 10,199 SF
Listing ID: 14731149 Date Created: 08/01/2006 Last Updated: 08/01/2006

Description

4-story brick with 16 units: 8 (4/2/1) and 8 (3/2/1). Recent capital improvements include updated electric, new vinyl windows (some units), refinished wood floors, and reconstructed rear porches (pressure treated lumber).

Neighborhood is good rental area. Convenient to city's CBD, major hwys (0.5 mile to I-91), and to retail & employment centers. All neighborhood amenities (schools, shopping, restaurants, banks, etc) are within walking distance or short drive. Public transportation along Locust St.

Highlights

  • Good Rental Area
  • Brick/low maintenance
  • Good Rental history
  • Some Seller Financing Available
  • Convenient Location
  • Upside Potential

Research

236-240 Locust St, Springfield, MA 01108 (Hampden County)

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