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Affordable Housing Portfolio Springfield
Springfield, MA Indian Orchard

Price Upon Request

Multifamily For Sale  •  114,679 SF

3 Properties View all

Property Details

  • Property Type Multifamily
35 Transit Score
56 Walk Score

Highlights

100% project-based Section 8 contract through 2032
Significant NOI growth potential with rent increases upon renewal of HAP contract
Meticulous care and maintenance over 20+ years of current ownership.
Recent $270K investment in energy-efficiency upgrades improving operating efficiency and future capex outlook.
Two of Three buildings listed on National Register of Historic Places, creating potential for LIHTC/Historic Tax Credit redevelopment

Public Transportation

Commuter RailDriveWalkDistance
Springfield (Amtrak Hartford Line - Amtrak, Hartford Line - Amtrak, Lake Shore Limited - Amtrak, Northeast Regional - Amtrak, Valley Flyer - Amtrak, Vermonter - Amtrak) 11 min - 6.6 mi
Holyoke Amtrak (Valley Flyer - Amtrak, Vermonter - Amtrak) 15 min - 8.7 mi
AirportDriveWalkDistance
Bradley International 42 min - 20.0 mi
Lisa Cozzi 860-508-2102 The Cozzi Team
Lisa Cozzi 860-508-2102 The Cozzi Team