This downtown Springfield MA investment property offers a $5,500+ rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and 10 income producing garages. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are large with renovated kitchens and a combination of hardwood and laminate flooring. The NOI is $53,079 and the cap rate is 13.3%. Located across from the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield’s CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30-minute drive time of UMass Amherst and the Five College Area. Springfield is home to major employers including Baystate Health, MassMutual, Big Y Foods, and Smith & Wesson. There are 16 colleges within a 20-mile radius of Springfield, which include 12 private colleges and universities, two public colleges and universities, and two community colleges offering two-year degrees. Bradley International Airport in Hartford, CT is approximately 20 miles south, offering regional, national and international air service. The Springfield MA MSA has a population of over 700,000, and Springfield is the third largest city in Massachusetts.