Landmark, Realtors®
Jackie Kratovil, Landmark, Realtors®Phone: (413) 531-1241
Email: [email protected]
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listing
1 of 9
MultifamilyFor Sale
$840,000
50 Stevens St
Springfield, MA 01104
Courtesy of Timothy Thompson - Tim Thompson
MLS Property Information Network
0Beds
10Baths
2,950Sq Ft
Est. Mortgage
$4,436/mo

10 studio apartments. Brick and block construction with rubber roof. Vinyl replacement windows. Off-street parking. Landlord pays all utilities, including electric baseboard heat & electric HW. In place PRI = $101,940. In place NOI = $56,182. Proforma PRI = $111,000. Proforma NOI = $64,100. Additional upside potential to separately meter electricity. The property is located directly across Stevens Street from CRRC MA’s North American manufacturing facility, which is a 204,000 SF rail car facility. CRRC MA is underway with manufacturing 404 next generation subway cars for The Massachusetts Bay Transportation System (MBTA). All production vehicles will be assembled and tested in the CRRC MA Rail Car Assembly Facility. The manufacturing facility in Springfield employs 179 employees, including 122 union production employees.

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Information courtesy of Timothy Thompson is subject to verification and is not guaranteed.
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