93 Florence St - Apartments FOR SALE


Springfield, MA 01105- Six Corners
$1,250,000 USD
781-300-2502
93 Florence St, Springfield, MA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/12
null | 8% Cap Rate

93 Florence St
Springfield, MA 01105
Six Corners


HIGHLIGHTS

  • Separate Utilities & New Heating Systems
  • Outstanding Location
  • Transit Oriented Location
  • MGM Springfield
  • Higher Education Presence
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at 93 Florence Street in Springfield, Massachusetts (the “Property”). The offering consists of a three-story multi-family building and contains a total of twelve (12) units, comprised of three (3), 2-Bedroom/1-Bathroom units and nine (9), 1-Bedroom/1- Bathroom units with 10,014 square feet of living area in 13,308 square feet of gross area on 0.14-acres of land. The Property features updated heating systems and utilities are separately metered. The Property is situated in the Six Corners 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

$1,250,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

12

PRICE/UNIT

$104,167

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

SPRI-005200-000000-000094

ASK ABOUT THIS PROPERTY

Michael BradleyHorvath & TremblayMore Info
781-300-2502

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

Michael BradleyHorvath & TremblayMore Info
781-300-2502

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