- Bedrooms
- Baths
- Sq. Ft.
- Year Built
- Acres
Springfield, MA Quadruplex
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.
Listing Details
Property Details
- MLS ID 73469357
- Status Active
- Property Type Commercial
- Property SubType Quadruplex
- Beds 7
- Full Baths 4
- SqFt 7,290 sqft
- Acres 0.16 acres
- Year Built 1909
- Buyer Broker Compensation
Any compensation may only be paid to a licensed real estate broker. Compensation offers are negotiable, not set by law, and may change until a written agreement is signed. Agents should inquire about dual variable rate commissions. 2%
Additional Highlights
Taxes and Fees
Location
127 Dickinson Street, Springfield, MA 01108Get Driving DirectionsExplore Pioneer Valley
The Valley’s upper reaches encompass the cities of Northampton and Greenfield, the county seats of Hampshire and Franklin counties, respectively. The lower Pioneer Valley...
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