Sold!
$2,979,000
30,343
Living Area
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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!
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Highlights
- Property Class: Commercial Sale
- Status: Closed
- Year Built: 1901
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Additional Details
- Zoning: 113
- Zoning Description: Legal Conforming
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Fees / Taxes
- Tax Year: 2024
- Taxes: $41,045
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Listing information provided courtesy of KW Pinnacle Central.
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