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$2,600,000
Est. payment /mo
48 Beds
16 Baths
16,000 SqFt
OPEN HOUSE
Fri Apr 25, 3:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $162
MLS Listing ID 73363700
Bedrooms 48
Full Baths 16
Year Built 1915
Annual Tax Amount $25,150
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Introducing a rare investment opportunity in the heart of Springfield, MA—18-24 Coomes Street, a well-maintained 16-unit multifamily property offering strong cash flow and significant long-term value. This property features all three-bedroom, one-bath units, providing a highly desirable layout for tenants and ensuring steady demand in a competitive rental market. Fourteen of the sixteen units have been completely renovated with modern finishes, updated kitchens and bathrooms, new flooring, and fresh paint throughout, creating a turnkey opportunity for investors.Currently grossing over $30,000 per month in rental income, this property is a high-performing asset with upside potential as the remaining two units are brought up to renovated standards. Professionally managed and stabilized, 18-24 Coomes Street is a perfect addition to any portfolio, whether you're a seasoned investor or completing a 1031 exchange. This property also includes 3 parcels.
Location
State MA
County Hampden
Zoning R3
Direction Edgeland st to Coomes st
Rooms
Basement Full
Interior
Flooring Vinyl
Exterior
Community Features Public Transportation, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Roof Type Shingle
Total Parking Spaces 10
Garage No
Building
Story 5
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Lock and Key Realty Inc.