65 Belmont Avenue & 886 State Street

Springfield is nestled within the Pioneer Valley, a region known for its fertile agricultural land and scenic beauty. As the third-largest city in the state, Springfield serves as the county seat of Hampden County and plays a pivotal role in the region’s economic, educational, and cultural landscape. To the west of Springfield lies the Berkshire Mountains, offering outdoor recreational opportunities such as hiking, skiing, and camping. The Connecticut River flows directly through Springfield, providing both scenic views and recreational activities such as boating and fishing. The city is approximately 90 miles west of Boston, the capital of Massachusetts, and about 25 miles north of Hartford, the capital of Connecticut. Springfield is easily accessible via major transportation routes. Interstate 91 runs north-south through the city, connecting it to major urban centers like Hartford and New Haven, Connecticut, to the south, and Northampton and Vermont to the north. Interstate 90, also known as the Massachusetts Turnpike, passes just south of Springfield, providing a direct east-west route connecting Boston with Albany, New York. Bradley International Airport in Windsor Locks, Connecticut, located about 15 miles south of Springfield, serves as the nearest major airport, offering domestic and international flights. Union Station in downtown Springfield serves as a transportation hub, offering Amtrak train service and local bus connections. Springfield’s location at the crossroads of major transportation routes has historically contributed to its economic importance, particularly in manufacturing, healthcare, and education. This connectivity not only facilitates the movement of people and goods but also plays a significant role to the city’s economic vitality and regional importance.Northeast Private Client Group is pleased to exclusively present The Belmont & State Portfolio, a two building, 33-unit, multifamily and mixed-use opportunity located in Springfield, Massachusetts. 65 Belmont Avenue is comprised of 16 – two bedroom, one-bathroom apartments (1,088 sf). Heat and hot water in the building is supplied through a central natural gas fired boiler system and is paid for by the landlord. Residents are responsible for their own electric expenses. There is a laundry room for tenant use and a security camera system. The building was fully renovated in 2011 through a program by the Massachusetts Housing Investment Corporation, a non-profit organization. The renovation included a new roof, windows, renovated apartments, new electrical, new plumbing, and boiler systems. 886 State Street is comprised of 15 - two bedroom, one-bathroom apartments (883 sf) and two (2) ground level commercial suites. The two commercial suites are occupied by Los Duros Barbershop (1,346 sf) and Level 5 Restaurant (3,070 sf). Heat and hot water in the building is paid for by the residents and supplied through individual forced hot air furnaces in each unit (gas), and water tanks in the basement (gas). Residents are also responsible for their own electric expenses. There is a parking lot at the rear of the building. The property has a security camera system as well as a central fire alarm. The building was fully renovated in 2000-2001 by a grant through the Department of Housing and Community Development (DHCD) and the Community Economic Development Assistance Corporation (CEDAC) rehabilitation initiative. Additional renovations were done in 2011 including a new roof, windows, renovated apartments, new electrical and furnaces.