MA
Hampden
Springfield
01108
127 Dickinson St
127 Dickinson St, Springfield, MA 01108
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Listing Type
Multi Family
Listing Status
Active
36
$459,000

Home Details for 127 Dickinson St

Price
$459,000
Type
Residential Income
Bedrooms
7
Bathrooms
4.0
Square feet
7290
Year built
1909
Lot size acres
0.16
County
Hampden
Total rooms
16
Garage
Basement
Full, Unfinished
Days on site
0
MLS Listing#
73469357
Property Description

RARE 10.8% CAP RATE - 16% CASH ON CASH 4-UNIT INVESTMENT IN FOREST PARK. Presenting a premier high-yield asset at 127 Dickinson St, a 4-unit residential portfolio offering immediate double-digit returns. This legal 4-family features four spacious 2-bedroom/1-bath units, providing a robust unit mix for the Springfield market. The building has undergone significant capital improvements, including updated electrical (circuit breakers), plumbing, and newer hot water heaters. Interiors feature refreshed kitchens, updated flooring, and fresh paint in 2 of 4 units. While currently stabilized, an identified 17% rental upside exists by transitioning current rents to market levels. Situated on a prominent corner lot in the Forest Park neighborhood. Features include 4 dedicated off-street parking spaces, private porches for each unit, and a fenced-in yard. Separated utilities (Natural Gas & Electric). This asset delivers on every metric. Full underwriting package available upon request.

Property Features
  • Heating Information
    • Natural Gas
    • Electric
  • Basement
    • Full
    • Unfinished
  • Cooling Information
    • None
  • Water Features
    • Public
Listing Courtesy: William Pitt Sotheby's International Realty - 860-777-1800
Presented by: Jacob Wint
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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