855 Liberty St 6 Unit Apartment Building $699,900 ($116,650/Unit) 5.91% Cap Rate Springfield, MA 01104

EXECUTIVE SUMMARY

6 Unit Residential Building in Popular Springfield Neighborhood Near Schools, Hospitals & Shops. Easy highway access to I91, I291 @ MA Pike. This building is a turn key revenue generating, income producing property with many improvements including a newer rubber membrane roof, replacement windows and vinyl siding. There is a full parking lot in the rear of the property. Each unit has SEPARATE UTILITIES & LEAD CERTS! Newly installed MONITORED FIRE ALARMS SYSTEM w/ Pull Stations. Rents are currently below market rate (all month to month) creating a BIG UPSIDE for investors. This building also has a VERIZON CELL TOWER on the roof which also generates a healthy income and has a BUYOUT OFFER OF 150K. Whether adding to your portfolio or considering this as your 1st, it is a MUST SEE! Income & Expense Sheet is Attached.

PROPERTY FACTS

Price $699,900
Price Per Unit $116,650
Sale Type Investment
Cap Rate 5.91%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 6,500 SF
No. Stories 3
Year Built 1909
Zoning B1 - 013 - Mixed Use - Prim Resd & Comm

AMENITIES

UNIT AMENITIES

  • Heating
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector
Walk Score®
Very Walkable (73)

PROPERTY TAXES

  • Listing ID: 35828991

  • Date on Market: 5/12/2025

  • Last Updated:

  • Address: 855 Liberty St, Springfield, MA 01104