Off Market
16 Grape St, Chicopee, MA
Chicopee · MA 01013
- $3,190,000
- Price
- 63
- Beds
- 29
- Baths
- 24000
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1905
Units:
29 Units
Lot size:
0.39 Acre Lot
Price per square foot:
$133 / Sq.Ft
Parking:
No Parking
About this home
Amazing opportunity to purchase a cash flowing, fully occupied 29-unit portfolio, in an emerging Chicopee market! This portfolio consists of 29 units, of which 22 are all on one block, the other 7 Units are only a few minutes away (726 Chicopee St). 26 of the 29 units are residential with up to date tenants, no arrears! The other 3 commercial spaces are home to 3 long term tenants, two salons and one storefront style church. Utilities are tenant paid, including electric heat in all 29 units, so no need to worry about replacing boilers. Many updates throughout, including electrical panels, water heaters, and updated units. Additional upside through increasing current rent roll. Proforma is a 9.7% CAP. Professional management company handles the daily operations and maintenance. Perfect for an investor who isn't local or is looking for a hands off income producing asset.
Neighborhood & Transit
16 Grape St, Chicopee · MA 01013
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 1445 days
- Listing Price:
- $3,190,000
- Price per Sq.Ft:
- $133
- Tax Assessment:
- $1,184,500 in 2022
- Taxes:
- $1,677 / Monthly
Home Facts
Interior Features
- Bedrooms
- 63
- Full Bathrooms
- 29
- Half Bathrooms
- 0
- Living Area
- 24,000 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers, 100 Amps
Exterior Features
- Lot Size
- 17,152 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Justin Barall
- Listing office
- Berkshire Hathaway Home Service New England Properties
- MLS PIN #
- 72981901