$5,500,000
About this home
ATTENTION APARTMENT INVESTORS!!! 216-226 Pearl Street consists of a total of 52 units (two adjacent buildings of 26 units each). $72k monthly rents (proforma). The building sits in the center of Springfield behind STCC; walking distance to downtown; and conveniently located with easy access to both the 291 and 91 freeways. Consists mostly of 2 and 3 bedroom units. Some tenants have mobile vouchers with local housing agencies and an 8-unit section of building is master leased (extended in Feb 2023 for 2 years). Tons of capital work put into this building - new roof (APO 2018); new heating systems; porch removals; nearly 50 units turned over; and much more. Offering Memorandum, Rent Roll, and Capital Expense list in attachments.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $36,419
- Utilities
- $2,082
- Transportation
- $144
- Other (entertainment)
- $158
Quick facts
At a glance
Home features
Neighborhood — 01105
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 13,123 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | -12.00% | 7.00% | 20.00% |
| Population Density | 8,386 | 786 | — |
| Male | 6,445 | 3,127,134 | 147,432,321 |
| Female | 6,678 | 3,317,797 | 151,655,844 |
| Never Married | 4,871 | 1,612,885 | 63,775,926 |
| Married | 1,962 | 2,586,314 | 123,120,365 |
| Separated | 1,324 | 247,857 | 12,639,686 |
| Widowed | 671 | 363,594 | 15,467,586 |
| Divorced | 1,267 | 436,888 | 23,075,029 |
| Number Of House Hold | 5,134 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.38 | 2.56 | 2.60 |
| Medial Age | 29.38 | 37.25 | 35.46 |
| Median House Hold Income | $20,157 | $57,698 | $48,276 |
| Average House Hold Income | $35,243 | $75,023 | $63,629 |
| P C I | $15,261 | $29,196 | $24,529 |
| M D I | $18,800 | $48,105 | $41,133 |
| A T H E | $34,974 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 81.14% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 2/5/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.