$2,150,000
17
Beds
17
Baths
12,184
Living Area
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Property Description
Exceptional investment opportunity at 91 E Park Street! This 17-unit apartment building consists entirely of one-bedroom apartments, offering a highly desirable and easy-to-manage unit mix. With only one current vacancy, the property maintains strong occupancy and continues to benefit from consistent rental demand in the Springfield market.The uniform unit configuration supports operational efficiency, simplified management, and predictable leasing activity. Conveniently located just minutes from MGM Springfield, downtown Springfield, major highways, public transportation, shopping, and local amenities, the property remains well-positioned to attract and retain tenants.Whether you're looking to expand an existing portfolio or acquire a stabilized multifamily asset with upside through lease-up of the vacant unit, 91 E Park Street presents a compelling opportunity in a strong rental market.
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Highlights
- Has View: Yes
- Property Class: Residential Income
- Stories: 4
- Year Built: 1930
- Levels: 4
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 85
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator
- Flooring: Tile, Varies, Hardwood
- Interior Features: Living Room, Dining Room, Kitchen
- Roof: Tar/Gravel
- Total Number of Units: 17
- Year Built Details: Actual
- Zoning: C1
- Basement: Full
- Foundation: Brick/Mortar
- Road Frontage Type: Public
- SqFt Source: Public Record
- View: City View(s)
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,341,400
- Tax Year: 2025
- Total Rent: $21,250
- Rental Fee Includes: Unit 2(Heat, Hot Water)
- Taxes: $21,033
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