127 Dickinson St, Springfield, MA 01108
- Beds
- 7
- Baths
- 4
- Sqft
- 7,290
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
RARE 10.8% CAP RATE - 16% CASH ON CASH 4-UNIT INVESTMENT IN FOREST PARK. Presenting a premier high-yield asset at 127 Dickinson St, a 4-unit residential portfolio offering immediate double-digit returns. This legal 4-family features four spacious 2-bedroom/1-bath units, providing a robust unit mix for the Springfield market. The building has undergone significant capital improvements, including updated electrical (circuit breakers), plumbing, and newer hot water heaters. Interiors feature refreshed kitchens, updated flooring, and fresh paint in 2 of 4 units. While currently stabilized, an identified 17% rental upside exists by transitioning current rents to market levels. Situated on a prominent corner lot in the Forest Park neighborhood. Features include 4 dedicated off-street parking spaces, private porches for each unit, and a fenced-in yard. Separated utilities (Natural Gas & Electric). This asset delivers on every metric. Full underwriting package available upon request.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 4
- Number of bedrooms
- 7
- Number of bathrooms
- 4
- Square feet
- 7,290
- Lot size (acres)
- 0.16
- Year built
- 1909
- Days on market
- 2
Interior features
- Basement
- Yes, Unfinished
Utilities
- Heating
- Natural gas, Electric
- Cooling
- None
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount(2024)
- $4,956
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MLS Property Information Network (MLS PIN) MLS®#: 73469357 Last checked: …
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