64 Myrtle Street, Springfield, MA 01105

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CommercialFor Sale

$12,800,000

64 Myrtle Street

Springfield, MA 01105

Courtesy of Century 21 AllPoints Realty - Lisa Cozzi

MLS Property Information Network

Est. Mortgage

$66,171/mo

Actual 7.8% CAP RATE with annual in-place rent increases. Rare portfolio of 3 stabilized, cash-flowing, professionally managed brick properties in Springfield’s strong rental market, totaling 127 units: 120 1-bed/1-bath, 7 studios, 3 commercial. 96% REAC score, upgraded mechanicals, on-site laundry, security systems. $270K recently invested in energy-efficiency upgrades (attic insulation, low-flow fixtures, door sealing), boosting NOI. Upside via repurposing underused commercial/office space. Two assets on the National Register of Historic Places (potential tax credits—buyer to verify).64 Myrtle: 39-unit school conversion (5 lofts), roof

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Information courtesy of Century 21 AllPoints Realty is subject to verification and is not guaranteed.

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