1. Massachusetts
  2. Springfield
  3. 18-24 Coomes St
$2,600,000

18-24 Coomes St, Springfield, MA 01108

  • 48 beds |
  • 16 baths |
  • 16,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1915
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $163/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Pending
Listing Office:
Lock and Key Realty Inc. : 413-282-8080
Listing Agent:
Andrew Rodman : 413-386-3558
MLS ID:
73363700

This listing courtesy of Andrew Rodman, Lock and Key Realty Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sumner Avenue

45 Sumner Ave, Springfield, MA, 01108

Grades PK-5

0.36 miles away

F

Forest Park Middle School

46 Oakland St, Springfield, MA, 01108

Grades 6-8

0.71 miles away

L

Liberty Preparatory Academy

37 Alderman St, Springfield, MA, 01108

Grades 10-12

0.97 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.