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Belmont Apartments 130 Belmont Ave 24 Unit Apartment Building $3,200,000 ($133,333/Unit) 8.63% Cap Rate Springfield, MA 01108
Executive Summary
Opportunity to acquire two professionally managed brick multifamily assets on adjoining parcels with strong Day 1 Cashflow and immediate upside in some below market rents. 140 Belmont is a recently renovated 8 unit apartment building which features eight 3 bedroom 1 bathroom units with new kitchens and bathrooms and hardwoods throughout, property also features a new roof and new heat/hot water system. 130 Belmont is a 16 unit apartment (8 two bedroom, 4 three bedroom, and 4 one bedroom)with many units receiving updates including updated kitchens and bathrooms. Please reach out to John Slyman at 508-330-0325 or email john@neapartmentgroup.com. for a full marketing package which includes rent roll and PL
Property Facts Under Contract
| Price | $3,200,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $133,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 8.63% | Building Size | 24,000 SF |
| No. Units | 24 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1929/2025 |
| Property Subtype | Apartment | ||
| Zoning | SR2R3 | ||
| Price | $3,200,000 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| Cap Rate | 8.63% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 24,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1929/2025 |
| Zoning | SR2R3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 12 | - | - |
| 2+1 | 8 | - | - |
| 1+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,518,300 | |
| Land Assessment | $266,200 | Total Assessment | $1,784,500 |
Property Taxes
Parcel Numbers
Land Assessment
$266,200
Improvements Assessment
$1,518,300
Total Assessment
$1,784,500
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Belmont Apartments | 130 Belmont Ave
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