About 69 Winter St
Strong investment property. This downtown Springfield investment property offers a $5,500+ monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and ten garage bays that lease at a monthly rate of $150 each. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are bright with renovated kitchens and a combination of hardwood and laminate flooring. The NOI is $50,579 and the cap rate is 13.35%. Located nearby to the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield’s CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30 minute drive time of UMass Amherst and the Five College Area.
Features of 69 Winter St
| MLS® # | 73536012 |
|---|---|
| Price | $379,000 |
| Bedrooms | 8 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 3,520 |
| Acres | 0.15 |
| Year Built | 1890 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 69 Winter St |
|---|---|
| City | Springfield |
| County | Hampden |
| State | MA |
| Zip Code | 01105-2326 |
Amenities
| Utilities | for Electric Range, for Electric Oven |
|---|---|
| Parking Spaces | 10 |
| Parking | Paved Drive, Other |
| # of Garages | 10 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Living Room, Kitchen, Sunroom |
|---|---|
| Appliances | Range, Refrigerator |
| Heating | Electric, Steam, Natural Gas |
| Cooling | Window Unit(s) |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
Exterior
| Exterior Features | Rain Gutters |
|---|---|
| Windows | Insulated Windows |
| Roof | Shingle |
| Construction | Brick |
| Foundation | Brick/Mortar |
Additional Information
| Zoning | B1 |
|---|
Listing Details
| Agent | Tim Thompson |
|---|---|
| Office | Timothy Thompson |