Historical Multifamily Sale Listing - 236-240 Locust St

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Springfield, MA or Massachusetts

236-240 Locust St

236-240 Locust St, Springfield, MA 01108

N/A

16 Units | Multifamily

  • Print

Locust St Apts

Multifamily Property - Off Market

Price:
N/A
No. Units:
16
Building Size:
13,000 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
9.15%
Gross Rent Multiplier:
6
Occupancy:
95%
No. Stories:
4
Year Built:
1924
Lot Size:
10,199 SF
Listing ID
14731149
Last Updated
over 1 year ago

Highlights

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

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.

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

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

  • Demographics – Population, income & other demographics near 236-240 Locust St
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

Westminster Apartments Westminster Apartments
  • Springfield, MA
  • $695,000
  • 10,000 SF Bldg
Park St Gardens Park St Gardens
  • Springfield, MA
  • $589,000
  • 12,000 SF Bldg