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Main St Apartments 570-574 Main St 9 Unit Apartment Building $780,000 ($86,667/Unit) 7.61% Cap Rate Springfield, MA 01105
EXECUTIVE SUMMARY
Attention Investors! This property Located on main st, Springfield. This is mixed use commercial and residential use. There are three front stores open to each other and they use it as a church, second floor has two residential units, one has 3 bedrooms and 2 bathrooms, a living room, and a kitchen. The second unit has 2 bedrooms and 2 bathrooms, living room and kitchen. Third floor has 4 units, all units similar to each other. Each unit has a big bedroom, kitchen and full bathroom. This property will go fast. Schedule your private showing today.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $780,000 | Property Subtype | Apartment |
| Price Per Unit | $86,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.61% | Lot Size | 0.14 AC |
| Sale Condition | 1031 Exchange | Building Size | 31,230 SF |
| Gross Rent Multiplier | 7.74 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1904/2024 |
| Zoning | B2 | ||
| Price | $780,000 |
| Price Per Unit | $86,667 |
| Sale Type | Investment |
| Cap Rate | 7.61% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 7.74 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 31,230 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1904/2024 |
| Zoning | B2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | SPRI-008130-000000-000052 | Total Assessment | $579,800 |
| Land Assessment | $120,900 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $458,900 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
SPRI-008130-000000-000052
Land Assessment
$120,900
Improvements Assessment
$458,900
Total Assessment
$579,800
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Main St Apartments | 570-574 Main St
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