18-24 Coomes St Open House Save Request In-Person Tour Request Virtual Tour
Springfield,MA 01108
OPEN HOUSE
Fri Apr 25, 3:00pm - 4:00pm
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
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
Interior
Flooring Vinyl
Exterior
Community Features Public Transportation,Medical Facility,Laundromat,Highway Access,House of Worship,Public School
Roof Type Shingle
Building
Story 5
Foundation Brick/Mortar
Sewer Public Sewer
Water Public