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Key Details
Sold Price $2,979,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 30,343 sqft
Price per Sqft $98
MLS Listing ID 73228463
Sold Date 10/07/24
HOA Y/N false
Year Built 1901
Annual Tax Amount $41,045
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Dive into an exceptional investment opportunity in Chicopee! This property offers a solid 10% cap rate, with potential to rise to 13%. It features 22 residential and 4 commercial spaces, fully leased out, except 1 residential unit. With 6 three-bedroom, 8 two-bedroom, and 8 one-bedroom units, most recently renovated, it promises comfortable living. Upgrades include individual electric hot water tanks, new windows, a boiler, and refreshed back porches and roof. Rent covers heat, water, and sewer, while tenants handle electric, hot water, and gas bills. Don't miss out on this lucrative chance to invest in Chicopee's real estate market. Schedule a showing today!
Location
State MA
County Hampden
Zoning 113
Direction Use GPS
Exterior
Utilities Available Public Water, Public Sewer
Others
Senior Community false
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Bought with Pankaj Gupta • KW Pinnacle Central
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Kathleen Bourque
Sales Associate | License ID: 137803
Sales Associate License ID: 137803