81-85 Walnut St - Apartments FOR SALE


Springfield, MA 01105- Old Hill
$2,000,000 USD
781-300-2502
81-85 Walnut St, Springfield, MA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/13
null | 8.44% Cap Rate

81-85 Walnut St
Springfield, MA 01105
Old Hill


HIGHLIGHTS

  • Secure Asset with Rent Growth
  • Outstanding Location
  • Transit Oriented Location
  • Attractive Unit Mix
  • Recent Capital Improvements
  • Higher Education Presence

OVERVIEW

Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at 81-85 Walnut Street in Springfield, Massachusetts (the “Property”). The offering consists of a four-story multifamily building and contains a total of sixteen (16) units, comprised of eight (8), 4-Bedroom/2-Bathroom units, four (4), 3-Bedroom/1-Bathroom units and four (4), 2-Bedroom/1-Bathroom units with 19,196 square feet of living area in 23,935 square feet of gross area on 0.55-acres of land. The Property is situated in the Old Hill neighborhood of Springfield and is just 1 mile from the heart of Downtown Springfield with excellent access to all the amenities the city has to offer. Springfield is the economic center of western Massachusetts and features a walkable downtown with a plethora of employment and entertainment opportunities. High profile attractions include the new MGM Hotel & Casino, the MassMutual Center, and the Naismith Basketball Hall of Fame. Springfield is also home to the Commonwealth of Massachusetts' largest Fortune 100 company, MassMutual Financial Group three large area hospitals and several colleges and universities, all of which create employment opportunities and drive people to the area.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

16

PRICE/UNIT

$125,000

CAP RATE

8.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walnut Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1906

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

SPRI-011952-000000-000199

ASK ABOUT THIS PROPERTY

Michael BradleyHorvath & TremblayMore Info
781-300-2502

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Michael BradleyHorvath & TremblayMore Info
781-300-2502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.