130 Belmont Ave - Apartments FOR SALE


Springfield, MA 01108- Forest Park
$3,200,000 USD
508-330-0325
130 Belmont Ave, Springfield, MA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/7
null | 8.63% Cap Rate

130 Belmont Ave
Springfield, MA 01108
Forest Park


OVERVIEW

Opportunity to acquire two professionally managed brick multifamily assets on adjoining parcels with strong Day 1 Cashflow and immediate upside in some below market rents. 140 Belmont is a recently renovated 8 unit apartment building which features eight 3 bedroom 1 bathroom units with new kitchens and bathrooms and hardwoods throughout, property also features a new roof and new heat/hot water system. 130 Belmont is a 16 unit apartment (8 two bedroom, 4 three bedroom, and 4 one bedroom)with many units receiving updates including updated kitchens and bathrooms. Please reach out to John Slyman at 508-330-0325 or email john@neapartmentgroup.com. for a full marketing package which includes rent roll and PL

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

24

PRICE/UNIT

$133,333

CAP RATE

8.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Belmont Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

SR2R3

APN/PARCEL ID

SPRI-001235-000000-000021,SPRI-001235-000000-000022

ASK ABOUT THIS PROPERTY

John SlymanNew England Apartment Group, LLCMore Info
508-330-0325

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John SlymanNew England Apartment Group, LLCMore Info
508-330-0325

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