About 91 E Park St
Exceptional investment opportunity at 91 E Park Street! This 17-unit apartment building consists entirely of one-bedroom apartments, offering a desirable and easy-to-manage unit mix with strong rental demand. Currently generating approximately $21,153 in gross monthly income, the property has only one vacant unit, providing immediate upside through lease-up.The consistent unit configuration supports operational efficiency, simplified management, and stable occupancy. Conveniently located minutes from MGM Springfield, downtown Springfield, major highways, public transportation, shopping, and local amenities, the property is well-positioned to attract and retain tenants.Whether you're looking to expand your portfolio or acquire a stabilized multifamily asset with additional income potential, 91 E Park Street presents a strong investment opportunity in Springfield's growing rental market.
Features of 91 E Park St
| MLS® # | 73504070 |
|---|---|
| Price | $2,090,000 |
| Bedrooms | 17 |
| Bathrooms | 17.00 |
| Full Baths | 17 |
| Square Footage | 12,184 |
| Acres | 0.10 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 91 E Park St |
|---|---|
| City | Springfield |
| County | Hampden |
| State | MA |
| Zip Code | 01105-2008 |
Amenities
| Utilities | for Gas Range, Varies per Unit |
|---|---|
| Parking | Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Living Room, Dining Room, Kitchen |
|---|---|
| Appliances | Range, Refrigerator |
| Cooling | None |
| Fireplace | No |
| # of Stories | 4 |
| Stories | 4 |
Exterior
| Roof | Tar/Gravel |
|---|---|
| Foundation | Brick/Mortar |
Additional Information
| Zoning | C1 |
|---|
Listing Details
| Agent | Raquel Medina |
|---|---|
| Office | Lock and Key Realty Inc. |