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 | Mid-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 |
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | SPRI-007770-000000-000490 | Improvements Assessment | $528,500 |
| Land Assessment | $275,500 | Total Assessment | $804,000 |
