MA
Hampden
Springfield
01105
120-122 Central St
120-122 Central St, Springfield, MA 01105
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Listing Type
Multi Family
Listing Status
Active
30
$2,050,000

Home Details for 120-122 Central St

Price
$2,050,000
Type
Residential Income
Bedrooms
23
Total Bathrooms
16
Full Bathrooms
16
Square feet
11260
Year built
1927
Lot size acres
0.27
County
Hampden
Total rooms
55
Basement
Full
Days on site
1
MLS Listing#
73501818
Property Description

120–122 Central Street presents a rare opportunity to acquire a 16-unit asset in a prime Springfield location, just minutes from the Naismith Memorial Basketball Hall of Fame and MGM Springfield. Perfect for a 1031 exchange this property features a strong unit mix of (7) two-bedroom apartments and (9) one-bedroom apartments, catering to a wide tenant base.With gross rents exceeding $22,000 per month, this building offers immediate cash flow and solid investment performance. All 16 units have lead certificates, providing added compliance and peace of mind for ownership.Positioned in a high-demand rental area with close proximity to major attractions, employment centers, and amenities, with a large off street parking lot this is a turnkey opportunity for investors looking to scale their portfolio with a stabilized, income-producing asset.

Property Features
  • Parking
    • Paved
    • Off Street
    • Driveway
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: Lock and Key Realty Inc. - 413-282-8080
Presented by: Andrew Rodman
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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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